Remitly wins $12.5m in Series B round
Online remittance provider Remitly has closed a $12.5 million Series B funding round as it makes plans to move into new markets.
M-Pesa creates Tanzania-Kenya transfer corridor
Vodafone M-Pesa has launched a cross-border transfer service between East Africa’s two biggest economies to help funnel the remittances sent by roughly 300,000 Kenyans living in Tanzania.
TRANSFAST partners with M-Pesa for instant deposits
Global money transfer company TRANSFAST is launching an instant deposit service with three Kenyan banks and mobile money provider M-Pesa.
MasterCard partners with Zimbabwean bank for remittance services
MasterCard has partnered with Steward Bank to make remittance services available to the Zimbabwean bank’s 1.5 million account holders.
Sage Payments appoints new CEO
Former TSYS executive Paul Bridgewater has been named the new CEO of Sage Payment Solutions and Jim Emerick as executive vice president of customer service for Sage North America.
TRANSFAST launches cross-border money transfer app for iOS
Cross-border money transfer company TRANSFAST has launched a mobile app for iOS to provide slicker fund transfers and a quicker sign-up process for new customers.
WorldRemit raises $100m to expand mobile money partnerships
WorldRemit has raised $100 million in a Series B funding round led by Technology Crossover Ventures to fuel the company’s expansion through partnerships with mobile money providers in Africa, Asia and Latin America.
Payment tech firm MineralTree doubles funding to $22m
Five-year-old payment automation company MineralTree has raised $11m in a Series B funding round led by First Data.
Today’s top demos from Finovate Europe 2015
Day Two of Finovate Europe has already seen demos from a wealth of innovative financial services providers. Here are out top demos from this morning's session.
Mozido acquires PayEase Corp to fuel Chinese expansion
Mozido has acquired a Delaware-based payments company PayEase in order to take advantage of the organisation’s links with Chinese banks.
