Australia News

Lianlian Pay delivers with real time transfers to China

Lianlian Pay announces real time money transfers to China following a partnership with Ripple. Same day transactions reduce the risk for investors, businesses and consumers making urgent or large money transfers. Keep your transfers as cost effective as possible and carry out transactions with a money transfer provider.
By Rachel Doyle | | Australia | See more in News

Why Western Union decided against implementing cryptocurrency

With numerous platforms for crypto money transfers such as Moneygram and Flywire available, as well big banks experimenting with Ripple payments, many have begun to wonder when Western Union might do the same. However, it has been revealed that Western Union has decided to say no to cryptocurrencies and will not be implementing them any time soon.
By Nigel Frith | | Australia | See more in News

Smart Aussies make big savings sending money abroad by using a money transfer provider

Transferwise launches its borderless account with a debit card and in a recently commissioned research report, identified that Aussies are unaware of the full costs involved in sending money abroad OFX also found in a study that customer stuck with transferring money through their bank because they didn’t think that the savings on offer would be significant enough Savings can run into thousands of dollars when making large international money transfers by partnering with a money transfer company
By Rachel Doyle | | Australia | See more in News

Aussie taxi giant Cabcharge to accept payments through Alipay

Australian taxi firm Cabcharge has announced that it will accept ride fees from mobile and online payments platform Alipay, capitalising on the fast-rising number of Chinese tourists visiting the country. The new deal will enable Cabcharge to accept Alipay through payment terminals installed in its 20,000-plus fleet of taxis.
By Nigel Frith | | Australia | See more in News

World Remit facilitates instant cash transfers for Cambodians abroad

World Remit, the popular international money transfers company, offers Cambodians living a broad a fast solution for money remittances from over 50 countries. Customers can send a cash transfer from their mobile app, allowing for a convenient and quick transfer method. Great example of increasing partnerships within fintech that bring cheaper international money transfer solutions to customers rather than sticking with the traditional banking network.
By Rachel Doyle | | Australia | See more in News

PayPal extends Venmo Instant Transfers solution to all

Aussies needing to make fast international money transfers know how frustrating it is if online payments systems take a long time to release funds. PayPal, hitherto as guilty of this problem as many other money transfers organisations, is mending its ways: instead of taking days for cash to move from PayPal to a bank account, it has a nifty new solution that looks set to consign this problem to history.
By Nigel Frith | | Australia | See more in News

How InstaReM will cut cross-border payments costs

The latest update from Remittances Prices Worldwide (RPW) reveals that the cost of international money transfers in December 2017 remains substantially higher than the Sustainable Development Goals for 2030 set by the United Nations. In Q4 2017, there was a modest drop in the global average cost of making international payments compared to the previous: in Q3 that stood at 7.21%, falling to 7.09% in the final quarter.
By Nigel Frith | | Australia | See more in News

Most Read

Use Our Currency Comparison Tool

Editor's Choice

The website and the information it provides on this site is for informational purposes only, and does not constitute an offer or solicitation to sell shares or securities. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this website and its contents do not constitute investment advice or counsel or solicitation for investment in any security. This website and its contents should not form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. 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: reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.