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New data has found that international digital remittances will reach $525 billion by 2024, up from an estimated $332 in 2019. According to Juniper Research, the mobile channel will become... more

The post International digital remittances to reach $525 billion by 2024 appeared first on Payments Cards & Mobile.

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Alternative Payments (APMs), Daily news, E-Money, e-money licence, FinTech, Google, Google Bank, Google e-money licence, Google Pay, Issuing & Acquiring, Mobile Wallet, Monzo, N26, PSD2, Regulation, Revolut, Starling, TransferWise -

Google has announced that it has been granted an e-money licence and authorised as a payment institution in the Republic of Ireland, paving the way for it to begin providing new... more

The post Google granted e-money licence for EU appeared first on Payments Cards & Mobile.

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Contracts, Daily news, FinTech, Mobile Banking, Mobile payments, Mobile Remittance, Money Transfer, Remittance, TransferWise -

TransferWise has teamed up with Groupe BPCE, in a deal that will give the money-transfer startup access to the banking group’s 15 million retail customers, the companies announced at Money... more

The post TransferWise teams with French bank Groupe BPCE appeared first on Payments Cards & Mobile.

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Daily News, E-Money, Issuing & Acquiring, Mobile Remittance, Mobile Wallet, Remittance, TransferWise, Transferwise borderless, Transferwise borderless account -

Transferwise is moving another step closer to banking territory with the expansion of its “borderless” account and debit card for consumers. The accounts can hold cash in more than 20 different currencies and will initially role out to 1,000 users following its launch last year for businesses. The company is also launching its own debit card, [...]

The post Transferwise launches consumer “borderless” account and debit card appeared first on Payments Cards & Mobile.

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Daily News, Issuing & Acquiring, Mobile Remittance, Remittance, TransferWise -

TransferWise has extended its offering by launching a new service that takes it into the realms of looking more like a bank. For the first time, TransferWise will hold money on deposit for its customers and provide them with bank account numbers in several countries. The London-based company also plans to supply customers with debit cards to spend their [...]

The post TransferWise to offer cost effective cross-border bank accounts appeared first on Payments Cards & Mobile.

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