Tag: Remittances

Mastercard, a global pioneer in payment solutions, and Remitly Global, Inc. (NASDAQ: RELY), known as "Remitly", a top-tier digital financial services platform catering to immigrants and their kin, have unveiled a new partnership. Their united goal is to broaden the horizons of cross-border payments and remittances.

TangoPay, a UK-based Authorised Payment Institution, and ThetaRay, renowned for its next-generation AI-driven global payment security, have announced a strategic collaboration. Together, they aim to bolster the defences of TangoPay’s international payment platform against potential financial criminal activities.

 UAE-based financial super-app Jingle Pay has received a minority investment from P2P payment platform MoneyGram International, alongside a new partnership.

International payment solution and infrastructure developer Currencycloud will help Bano, a new Australia-based financial superapp, launch its FX Converter tool to make remittances easier.

Currencycloud, which builds international payment solutions and infrastructure, has teamed up with Switzerland-based Velanis AG to support the launch of Swinto.

Founded in 2012, Currencycloud has been in the cross-border payments space for almost a decade now. Since its launch, the company has expanded beyond its native UK market and following its recent acquisition by Visa, is looking far beyond its shores to complete its mission of making the movement of money easier.

Next-generation payments provider Sokin has launched its digital payments wallet in India, a market that generates a huge $87bn in remittances per year.

Payments provider Sokin has teamed with Visa to roll-out its global currency account and debit cards across Asia Pacific.

A report by FinTech Rapyd has found 93% of businesses see cross-border commerce as a high priority for 2022 and beyond.

A new blogpost by Currencycloud has underlined how the coronavirus pandemic and the restrictions put in place due to it has led to the massive growth of digital remittances.