UK News

Currencies Direct releases annual report

Leading international payments provider Currencies Direct has just released their annual report for the fiscal year ending 30 June 2017. The report was compiled by the company's board of directors and confirmed by independent auditors with PricewaterhouseCoopers of London.
By Daniel Webber | | UK | See more in News

Revolut to offer automatic payments in Europe

Digital money transfer service Revolut is set to provide automatic payments for users across Europe. The newly expanded service will make it easier for customers to set up recurring payments for things like rent, utilities, phone bills and other monthly expenses.
By Nigel Frith | | UK | See more in News

Ripple sets its sights on global money transfers takeover

Danny Aranda, the Managing Director of rising international payments star Ripple, has announced that its digital currency, XRP, is planning a cross-border takeover that will make global money transfers much faster – and help it stand out from its cryptocurrency rivals.
By Nigel Frith | | UK | See more in News

TransferTo partnership will speed up South Korean remittances

South Korean money transfer company Sentbe has announced a new partnership with global remittance specialist TransferTo that will help improve international money transfers for millions of the country's residents. The digital remittance operator and the global payments network provider have teamed up to offer customers more flexibility and real-time transactions from South Korea to more than 60 nations around the world.
By Nigel Frith | | UK | See more in News

Migrant remittances expected to total $300bn by 2021

Juniper Research has just released the results of a new study that estimates P2P transfers from migrant workers sent via online and mobile platforms will exceed $300bn globally by 2021. This estimate is a sharp increase from the expected $225bn in mobile and online remittances in 2018.
By Nigel Frith | | UK | See more in News

Revolut broke even in December – in under 3 years

In an exceptional development for a niche industry that has so far struggled to attain profitability, British-headquartered money transfers app Revolut has announced that, in the final month of 2017, it broke even for the first time since it was founded in 2015.
By Nigel Frith | | UK | See more in News

UAE Exchange latest to partner with Ripple

Blockchain platform Ripple continues to make inroads in the remittance market, this week announcing a new partnership with UAE Exchange. The deal will establish UAE Exchange as the first international money transfer service provider in the Middle East to offer users a seamless, instant payment solution.
By Nigel Frith | | UK | See more in News

Confirmed: Western Union testing Ripple’s XRP

International payments giant Western Union has confirmed that it is testing money transfers using technology from cryptocurrency platform Ripple. The company’s Chief Finance Officer Raj Agrawal told Bloomberg News this week that the use of Ripple’s XRP cryptocurrency was still in a “testing phase” and at this stage there was nothing to indicate a “big unlock” imminently.
By Nigel Frith | | UK | See more in News

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