Through its agent, WorldBridge Payment Institution, Western Union has allowed customers to send money from Greece to more than 200 countries and territories. However, a €500 per customer monthly cap and monthly agent limits imposed by the government will apply.
The re-activation of outbound money transfers comes after the Greek Government passed new legislation that allowed several money-transfer operators to resume these outbound services under Bank of Greece supervision.
Western Union has already reopened much of its inbound Western Union Money Transfer service into Greece, with cash payout of international and domestic money transfers available at more than 1,500 agent locations across Greece.
“Together with our agents, we have been working hard to restore Western Union services fully in Greece. This has been a priority for us since the commencement of the enforced bank holiday in late June as we have sought to help our customers in Greece through this difficult financial time,” said Giovanni Angelini, senior vice president and general manager for Europe at Western Union.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.