TerraPay Joins Forces with Diamond Trust Bank Uganda, to Simplify Global Money Transfers in Uganda
- 2 months 1 week ago
- Transaction Banking
TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.
Western Union and Mercado Pago Alliance Extends to the United States and Canada
- 2 months 2 weeks ago
- Transaction Banking
Western Union and Mercado Pago today announced growth in their existing relationship, allowing United States and Canadian customers to send money from Western Union’s mobile app, website, or one of its retail locations to Mercado Pago wallet accounts in Mexico.
Ebury Unveils New Solution for Direct Transactions Between Brazilian Real and Chinese Yuan
- 2 months 4 weeks ago
- Transaction Banking
Ebury, a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The new solution will facilitate and expedite trade between Brazil and China, which in 2023 alone totaled exports and imports of over US$145 billion, according to Brazilian Government data. The solution... more
Travelex Relaunches Online FX Services with Commonwealth Bank of Australia
- 3 months 1 week ago
- Cash management
Travelex, the market-leading travel money brand in Australia, has relaunched online foreign exchange (FX) cash services for Commonwealth Bank of Australia (CBA), the country’s largest bank.
Come Clean: Wise Demands Banks Reveal FX Markups - as Hidden Fees Lead Frustrated Brits to Lose Faith in Banks
- 3 months 2 weeks ago
- Transaction Banking
Barely a fifth of Brits trust their bank to give them a fair deal, a situation exacerbated by hidden FX fee markups, according to new research by Wise, the international money account. New research shows that major UK high street banks charge a hidden fee in its exchange rate*. HSBC charges the highest, with a 3.7% hidden markup. The bank recently launched Zing, a new product that is transparent about its fees - but HSBC does not offer this... more
LHV Savings Account Now Allows You to Save Up Flexibly
- 3 months 2 weeks ago
- Cash management
LHV Pank has launched a Savings Account solution that makes saving up even more convenient and flexible. LHV will pay 2% interest on the funds deposited into the Savings Account, and funds from the account can be withdrawn at any time.
VOXI Provides Customers Free Access to Moneyhub’s Financial Management App
- 3 months 2 weeks ago
- Management, Financial
VOXI by Vodafone has expanded its partnership with Moneyhub, the award-winning top global fintech, to offer customers 12 months of free access to its financial wellness app.
Synpulse and Instinct Digital Announce Strategic Collaboration to Enhance Digital Transformation for Asset and Investment Managers
- 3 months 2 weeks ago
- Management
Synpulse, a leading management consultancy specializing in the financial services industry, and Instinct Digital, a cutting-edge technology product company focused on digital-first investment communication platforms, have formed a strategic partnership.
Assisted Self-Service Terminals are Helping Banks Optimise Their Physical Networks
- 3 months 2 weeks ago
- Transaction Banking
The number of Assisted Self-Service Terminals (ASSTs) installed both inside and outside branches worldwide continues to see double-digit growth. These devices are instrumental in migrating transactions away from the teller line and extending access both in terms of service hours and geographic reach Banks seek to “do more with less” as the number of branches worldwide declines
Payhawk and Astrid & Miyu Collaborate to Celebrate Entrepreneurs and Improve Spend Management
- 3 months 3 weeks ago
- Management
Payhawk, and contemporary jewellery brand Astrid & Miyu
Trade Republic Celebrates its 5th Birthday with 4 Million Customers and Introduces a New Card with a 1 Percent Saveback Reward for Every Card Payment
- 3 months 3 weeks ago
- Management
Five years after launch, Trade Republic has grown to Europe’s largest broker and leading savings platform. Currently, 4 million customers in 17 countries invest with Trade Republic, managing assets of around 35 billion euros. While passing ECB interest rates of currently 4 percent p.a. to customers, Trade Republic closed its financial and calendar year in 2023 with a net profit.
Hitachi Payment Services Completes Acquisition of Writer Corporation’s Cash Management Business
- 3 months 4 weeks ago
- Cash management
Hitachi Payment Services, India’s leading end-to-end payments and commerce solutions provider, today announced that it has completed its acquisition of Writer Corporation’s Cash Management Business and unveiled its new name – Hitachi Cash Management Services, in line with Hitachi’s single brand identity. Hitachi Cash Management Services Pvt. Ltd. would be a wholly owned subsidiary of Hitachi Payment Services Pvt. Ltd.
Bitso Business Enabled US$8 Billion Payment Transactions in 2023
- 4 months 3 weeks ago
- Transaction Banking
Bitso, the leading financial services company powered by crypto in Latin America, announced that during 2023 reached a 60% growth in its operation of the Bitso Business division, which reached an annualized volume of 8 billion dollars globally. Over the past year, 1,700 institutional clients traded at least once a month through Bitso. Such organizations use Bitso payment rails and blockchain-based technology for mass pay-ins and pay-outs to... more
FOMO Pay and Zand Bank Partner to Facilitate Cross-border Payments, Enhancing Financial Connectivity Between Asia and MENA
- 4 months 3 weeks ago
- Transaction Banking
FOMO Pay, a Singapore-based digital payment leader, has joined forces with Zand Bank, the UAE's first digital bank, in a strategic partnership to facilitate seamless cross-border payments between the dynamic markets of Asia and the Middle East and North Africa (MENA).
LHV Bank Joins Flagstone for its Personal Savings Products
- 5 months 3 days ago
- Personal Finance, Cash management
LHV Bank, one of the UK's newest licensed banks, has announced that its Personal Savings products are now available on Flagstone, the UK’s leading cash deposit platform. Both organisations share a like-minded digital-first heritage, with a clear focus on delivering a streamlined and accessible customer experience. The Flagstone platform will be a key channel to market for LHV Bank ahead of the planned launch of its consumer savings offering via... more
