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Walmart pursues dismissal of FTC money transfer lawsuit
Early last week, Walmart asked the federal court handling the FTC’s lawsuit into money transfer fraud to dismiss it. Walmart’s brief lays out several reasons why the FTC’s case is... read more
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Domestic digital money transfer volume to hit 300 billion globally
A new study has found the volume of domestic digital money transfer payments will exceed 300 billion globally for the first time in 2026, from 207 billion in 2022; representing... read more
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FTC sues Walmart for facilitating money transfer fraud of hundreds of millions
The Federal Trade Commission is to sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. In... read more
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Domestic money transfer to grow to $3.4 trillion – mobile driving growth
A new study finds that digital domestic money transfer transaction values will rise from $2 trillion in 2020 to $3.4 trillion in 2025; driven by growth of mobile money transfers. Mobile... read more
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Incumbent fights back: HSBC launch Global Money Account a free money transfer app
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.
