Western Union pairs up with Hong Kong company
Leading international payments firm Western Union has announced an agreement with a major Hong Kong company designed to open up its mobile wallet function to more customers.
FXcompared Magazine: Money Transfer News, Guides and Profiles
Ripple Labs to succeed SWIFT in cross-border payments space?
Blockchain tech startup Ripple Labs, which recently entered the cross border payments space for people who want to transfer money internationally using its xRapid system, has re-stoked speculation about its relationship with the increasingly antiquated SWIFT system after its CEO, Brad Garlinghouse, claimed that blockchain technology is poised to overtake the latter.
Japanese firms partner with BitPesa
Japanese insurance firm Sompo Holdings recently inked a partnership agreement with BitPesa. Reports say that the deal will promote the digitisation of BitPesa’s remittance service.
Revolut in funding talks with Softbank to raise $500m
Cross-border payments innovator and fintech challenger bank Revolut is in talks with Japanese investment giant Softbank to raise a massive USD$500 million (£389 million) in a series D funding round.
TransferGo shows good financial results for 2017 - staff increase by nearly 40%
TransferGo shows good financial results for 2017
London-headquartered TransferGo has just released year-end results which showed increased growth and solid revenue and profit, the company said in a statement on Jan. 26.
Fexco Company profits for 2016 increase by €16m to €304m - Money Transfer Industry News
The corporate payment specialist Fexco Corporate Payments Unlimited Company, has just reported their numbers with a very impressive growth of profits for 2016. They have increased by €16m to €304m.
Eiger FX Increases Staff By 200% In The Last 6 Months - Money Transfer Industry News
EigerFX, the City of London based FX firm, has had good growth in 2017 and has increased it staff counts by 200%.
TorFX Best Exchange Rates - Case Studies
Below are two case studies of real people who have used international money transfer brokers (TorFX in this case) to save them money and make sure they make currency exchange savings:
Retiring in New Zealand save on your international money transfers by using a currency exchange provider
Amazing scenery and many outdoor activities to keep you active, apply for a temporary two year retirement visa if you meet certain criteria, when sending sums of money to New Zealand, use a currency exchange provider to make savings.
Vive la France! Save money on your holiday using a currency exchange provider
Hire a car to take in the sites of this magnificent country, visit Carcasonne a historical medieval castle and citadel and save money when exchanging money for your trip with a currency exchange provider.
Leverage the power of FX for profit gains
For many multinational businesses, the uncertainty created by fluctuating currency exchange rates makes it seem nearly impossible to prevent losses. Yet there are ways to effectively leverage currency exposure – not just to protect profits but to grow them. Several companies are already exploring the options of FX swings and capitalising on the opportunities that arise.
Truly knowing your customer will be the key to success in open banking
Technology stalwarts like Amazon, Apple, Facebook and Google are the biggest threat to banking
Banks need to invest in personalised customer marketing as well as upgrading their digital platforms to compete
The future of branch services hangs in the balance, but as broadband connections fail some rural inhabitants, they’ll be hoping for another solution
Paypal diversifies its offering and may look at cryptocurrencies again
Paypal continues to invest strategically to deliver digital payment innovations to merchants and customers alike. The company’s growth continues apace as a series of strategic partnerships with customer reward cards, Samsung Pay, Mastercard and Visa extend Paypal’s reach. Paypal has recently extended its reach into investments as it looks to extend its financial capabilities and has indicated that it may look at cryptocurrencies again
Feature
Japanese firms partner with BitPesa
Sompo Holdings, a Tokyo-based insurance firm, just partnered with BitPesa weeks after SBI Remit inked a deal with the blockchain company Sending money to friends and family in Africa is costly but... read more
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Hacks for transferring money in and out of Europe
While there’s no doubting the fact that the international money transfers industry has undergone a major boom over the last two decades, there are still some issues that people wanting to make cross-border payments must contend with. Like the issue of whether the money transfer company you’re thinking of will really work for your specific requirements.
Buying property in Canada make large savings by using a currency exchange provider
Non residents can buy property in Canada, a non-resident is anyone who spends less than six months a year in the country. A 15% tax will apply on selling the property and you can save on your international money transfers by using a currency exchange broker.
Make savings on your hard earned dollars when transferring money to New Zealand
Make big savings when transferring money from Canada to New Zealand through a currency exchange provider
Some can complete exchanges in one day
Most enable you to manage your accounts from your mobile or even make payments your social accounts
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Australians can expect cheaper money transfers under Shorten
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Editor's Choice
Western Union pairs up with Hong Kong company
Singapore bank launches small business digital payment platform
Western Union set to conquer Malaysia with Merchantrade
SendFriend integrates Ripple’s xRapid for fast, cheap money transfers
Rapid Transfer now in Belgium and the Netherlands
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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.