international money transfer RSS

In more than 60 countries, including many developing nations, it has become incredibly easy to send funds in real time to someone else over the internet — knowing nothing more than... read more

The post Big Read: Is Nexus the future of International money transfer appeared first on Payments Cards & Mobile.

Whilst the focus is always on the FinTech party eating the incumbent lunch, HSBC has struck back in the money transfer battle by launching Global Money Account, its own fee-free international... more

The post Incumbent fights back: HSBC launch Global Money Account a free money transfer app appeared first on Payments Cards & Mobile.

Santander has announces the launch of PagoFX, a low-cost international money transfer service, with a view to taking on TransferWise and others, in the UK. The service is available via... more

The post Santander launches money transfer app PagoFX appeared first on Payments Cards & Mobile.

Following several reports in the media regarding the suspension of international money transfers, the Central bank of Nigeria has advised Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators in the country. The CBN said in a statement by its Acting Director, Corporate Communications, Isaac [...]

The post Why Nigeria suspended international money transfer operators appeared first on Payments Cards & Mobile.

A new study has found that UK banks charge small and medium sized enterprises (SMEs) nearly £4bn in hidden transfer fees each year to make international money transfer payments. 96% of these fees are hidden from the customer using the exchange rate offered. This is the first time that a study into the actual rates charged [...]

The post UK banks charge SMEs £4bn in hidden international money transfer costs appeared first on Payments Cards & Mobile.