Remittance RSS
Western Union and Viber to provide cross-border money transfer
Western Union and Viber, a mobile messaging app with 664 million unique users worldwide, have announced an agreement to offer cross-border money transfer
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ECB plans new system for bank transfers
The European Central Bank is working on a new plan for bank transfers, allowing consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account number, a senior bank official said. In an interview with RTL Nieuws broadcast on Monday, ECB executive board member Yves Mersch said the system would [...]
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MyBank posts strong growth in 2015
MyBank has reported strong growth for 2015 both in the volume and value of transactions as well as in the number of merchants offering MyBank. More than €650 million worth of payment transactions were authorised via the MyBank solution in 2015, with almost €100 million in December alone, compared with €3 million in December 2014. Transaction volumes [...]
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R3 conducts Blockchain trail with first 11 banks
R3 CEV is set to trial its first Blockchain experiment using Ethereum and Microsoft Azure’s Blockchain as a Service, and involving 11 of its member banks. The R3-managed private peer-to-peer distributed ledger connected Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo. Participants [...]
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How do you do cross border payments?
New FinTech innovators are challenging the traditional way that cross border payments have been done. But are businesses tapping into the new innovation – or staying with the status quo? We are researching the current methods used by acquirers, issuers, PSPs and merchants to do cross border transactions. We would, therefore, be very grateful if [...]
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