Money Mover, the online business currency exchange and international payments service dedicated to SMEs, has raised £1m from a group of financiers, entrepreneurs and technologists, including Andy Homer and Sir Peter Michael.
HomeSend, a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border transfers, has teamed up with Azimo to launch a new mobile wallet service in ten countries throughout Africa and Asia-Pacific.
Remitly, the Jeff Bezos-backed mobile remittance service, has acquired Talio, a mobile messaging company that allows users to make images and text to disappear similar to Snapchat.
Western Union has teamed up with WHSmith to integrate 300 mobile point-of-sale (mPOS) self-service kiosks within the retail group's UK stores.
Millions of cardholders in Romania will have the opportunity to withdraw remittances from ATMs due to a new partnership agreement between Western Union and MasterCard.
MasterCard partners up with Somalian lender Premier Bank and becomes the first international payments network to enter the nation.
Xpress Money customers will now be able to transfer money directly into the mobile wallets of registered MTN Mobile Money users in Ghana.
Payment solutions provider Oxigen is in the ‘advanced stages’ of talks with investors for a $200m expansion drive across semi-urban and rural India, the company has said.
A new partnership between Western Union and mass payment platform Hyperwallet will seek to ease the cross-border transaction process for B2C customers.
The FinTech Innovation Awards saw 18 companies win top gong for their contribution to a rapidly growing industry. Here some of our winners share their success stories and expectations for the future.
By Shari Krikorian, senior vice president, Mastercard
