Snapchat shutting down Square-backed payments on 30 August

Popular social media platform Snapchat has just announced it will shut down its Snapcash online money transfer service at the end of August. Launched in 2014 at the peak of Snapchat’s popularity, Snapcash was intended to help users access convenient money transfer services to send payments to their contacts directly through the app.
By Andrea Barnes | | UK | See more in News

Caxton FX reports growth of £14m in annual report

Leading foreign currency exchange and international money transfers provider Caxton FX has just released its annual report and financial statements for the fiscal year ending 28 February 2018. The report indicates solid net revenue growth and the success of investments in proprietary technology solutions.
By Daniel Webber | | UK | See more in News

Azimo expands its remittance services for Nordic customers

Founded just six years ago in 2012, international money transfers Fintech startup Azimo has just announced a major expansion of its remittance services for customers in Nordic countries. Azimo users in Sweden, Denmark and Norway will now be able to send money abroad to 10 new countries: Australia, New Zealand, Bulgaria, Croatia, Hungary, Romania, Hong Kong, Singapore, Thailand and Vietnam.
By Daniel Webber | | UK | See more in News

Banco Sabadell opens Apple Pay access to cardholders

Apple Pay continues to expand its reach into the international payments sector, and its latest partnership with a major global bank was announced just days ago. Banco Sabadell, one of Spain's leading financial institutions, will now offer customers the ability to make purchases and send money abroad via the Apple Pay mobile platform.
By Andrea Barnes | | UK | See more in News

Xpress Money partners with Kenyan bank

International money transfer brand Xpress Money just announced a partnership with the Co-operative Bank of Kenya. The company’s decision to increase its footprint in the country through said partnership is a welcome development to many Kenyans who count on remittances for their day-to-day expenses.
By Daniel Webber | | UK | See more in News

Paysend raises $20m in recent investment round

Fintech startup Paysend raised $20m in its latest investment round, according to the company’s CEO. Paysend built an international card-to-card payment ecosystem in its bid to make international money transfers simpler and more affordable. Paysend launched in 2017 and has already put in place an expansion plan that will make the service available globally.
By Andrea Barnes | | UK | See more in News

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