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Money Transfer Industry Update - Revolut Apple and Zelle

It’s been an interesting few weeks for the international payments industry. For businesses seeking options for international money transfer, there have never been more alternatives. The next challenger to launch a product for businesses is borderless credit card company, Revolut.
By Andrea Barnes | | US | See more in News

How Does Venmo Make Money?

Sending money quickly and without a charge might make for a satisfied customer, but it does not necessarily lend itself to a lucrative business plan. So how does Venmo earn money, if not taking a percentage of personal transactions? The FXcompared team spends some time examining Venmo.
By Claire Yenson | | US | See more in News

Western Union Fined - Will Startups Be Next?

Money transfer company Western Union agreed to pay $586 million in fines and to enter into agreements with the Justice Department, the Federal Trade Commission (FTC) and several U.S. Attorney's offices throughout the United States. Is the investigation into Western Union cause for concern for rapidly expanding fintech startups?
By Andrea Barnes | | US | See more in News

Currency Roundup - Is Trump an FX Market Risk?

The second week of 2017 was not a great one for the US Dollar, partly due to the lack of any economic policy updates from Donald Trump in his recent news conference. The pound and Euro didn't have great weeks either - but the Australian and Canadian dollars are still performing strongly.
By Andrea Barnes | | US | See more in News

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