Cross-border payments innovator dLocal expands into MENA region

dLocal, the business-oriented remittance services tech company that helps merchants from developed economies accept cross-border payments from customers who primarily live in emerging markets, is building on yet another year of solid growth with a major expansion of its international payments platform to the Middle East and North Africa (MENA).
By Andrea Barnes | | UK | See more in News

WorldRemit partners with Bank of Africa

One of the world’s leading money transfer services has just entered the Ugandan finance market. WorldRemit announced that it has signed a partnership agreement with the Bank of Africa to facilitate cheaper rates for international money transfers to Uganda.
By Daniel Webber | | UK | See more in News

TransferTo to exceed $2bn in gross sales value

Cross-border mobile payments brand TransferTo has outdone itself by hitting $800m in the first half of 2018 and it will likely exceed $2bn in its gross sales value by December, according to the company. Due to the rapid growth of the service, TransferTo is experiencing one of its most significant periods of expansion since its launch.
By Andrea Barnes | | UK | See more in News

ING buys €21m worth of TransferMate shares

Irish cross-border B2B payments specialist TransferMate has sold some of its shares to Dutch finance giant ING. The shares are worth a whopping €21m, according to reports. The money coming from ING is only a portion of TransferMate’s total funding of €51m – an amount that was raised by the company over the past eight months.
By Daniel Webber | | UK | See more in News

Ripple rebuts claims that XRP is a security

Cryptocurrency cross-border payments startup Ripple has vigorously rebutted speculation that its XRP token may be classified as a security in the USA after reporting a sharp drop in its sales during the second quarter of 2018 compared to Q1. In Q2, the firm sold USD $73.52m, while in Q1 sales were USD $167.7m – a fall of 56.15%.
By Daniel Webber | | UK | See more in News

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