PayPal continues its spending spree with Hyperwallet acquisition

International money transfers colossus PayPal has announced the acquisition of fintech e-commerce money transfers firm Hyperwallet Systems Inc. for approximately $400m. The deal expands PayPal’s already huge offerings to businesses seeking solutions for processing and managing their mobile and online payments.
By Andrea Barnes | | US | See more in News

Flywire and UnionPay expand partnership

Global payments provider Flywire has announced an expanded partnership with UnionPay, China's only domestic credit card processor, in an effort to help international students and medical patients make faster, easier cross-border payments.
By Andrea Barnes | | US | See more in News

WorldRemit approved in all 50 US states

Global funds transfer provider WorldRemit has just announced it has been awarded its final US license. This means WorldRemit is now approved to offer services in all 50 states. Iowa was the first state to grant WorldRemit a license back in 2014. Louisiana last month became the 50th US state to allow the digital remittance service to operate within its borders.
By Daniel Webber | | US | See more in News

Wirecard and Visa extend digital payments partnership

Wirecard, the digital financial tech service provider, has just announced it is expanding its partnership with Visa to offer even more payment solutions for fintech firms. Through its deal with the credit card giant, Wirecard aims to develop new products and services to help support other financial startups and fintech platforms, in addition to e-commerce and expanded banking options.
By Daniel Webber | | US | See more in News

Mastercard Send responds to shifting markets

Launched in 2015, Mastercard Send has continued to focus on agility and expanding its offerings to meet shifting marketplace demands. The platform that started out as a P2P push payments provider with a focus on consumer money transfers has added different products to better serve consumers.
By Andrea Barnes | | US | See more in News

Currencies Direct reports successful Ripple trial

Currencies Direct has reported a successful international money transfer trial using the XRP cryptocurrency token and Ripple's payment processing platform. This makes the UK-based foreign exchange and payments processor the first European financial organization to complete an overseas transaction via xRapid.
By Daniel Webber | | US | See more in News

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