Xpress Money enters digital remittances market in the UAE

Xpress Money is taking the United Arab Emirate’s digital remittance space by storm. The brand recently announced a partnership with Abu Dhabi Commercial Bank (ADCB), enabling the two companies to perform money transfer transactions for their clients. The transfers can be sent to or from 14 different countries. The collaboration has resulted in the availability of the service through ADCB’s mobile banking app and its website online.
By Daniel Webber | | Australia | See more in News

Paysafe expands Skrill to nine more countries

International payments platform Paysafe has just announced a significant expansion of its popular Skrill Send Direct money transfer product. Skrill, launched earlier this year, will add nine countries to its coverage area: Colombia, Ecuador, El Salvador, Guatemala, Honduras and Venezuela in Latin America, as well as India, Morocco and Vietnam. Customers in those countries can now send and receive international money transfers using Paysafe's Skrill Send Direct service.
By Andrea Barnes | | Australia | See more in News

Monzo now offering international money transfers

Monzo has just rolled out its international money transfer service using TransferWise’s API. The feature, according to reports, is now available on both iOS and Android and a small group of Monzo users can finally send cross-border payments through TransferWise’s network. TransferWise holds 16 different currencies including USD, EUR and AUD.
By Daniel Webber | | Australia | See more in News

InstaReM expands to Europe with London Head Office

Southeast Asia’s biggest digital international money transfers platform InstaReM has reached into the European market, headquartering its front of house operations in London. The firm’s European ambitions are identical to its successfully-realised ambitions in Southeast Asia, namely to bottom out the market and become the continent’s “price champion” – an accolade it secured for itself with remarkable speed in its region of origin (it only launched in 2014).
By Andrea Barnes | | Australia | See more in News

Chillr now belongs to Swedish firm Truecaller following acquisition

Cross-border payments service Chillr has been acquired by the Swedish call-screening app firm Truecaller for an undisclosed sum. Truecaller had already moved into the money transfers business last year when it launched its UPI-based payments facility Truecaller Pay. With Chillr now in the Truecaller fold, the Sweden-headquartered company now intends to become a fully-fledged mobile and financial services platform.
By FXcompared | | Australia | See more in News

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