WeChat Pay looks to boost US presence

Tencent Holdings, China’s tech giant, has announced plans to expand its WeChat Pay mobile payments platform to a wider global audience. WeChat Pay, the online money transfer arm of the popular WeChat social media app, will add a number of US merchants over the next six months.
By Andrea Barnes | | US | See more in News

BitPay secures coveted BitLicense for trading in New York

The digital currency remittance provider announced on Monday that it had been awarded an eagerly-awaited Virtual Currency License for New York’s Department of Financial Services (NYDFS). The coveted license, which is also referred to as a “BitLicense”, grants crypto providers such as BitPay permission to undertake virtual currency-related transactions with commercial enterprises and individual consumers throughout the state of New York.
By Andrea Barnes | | US | See more in News

Santander launches digital unit for money transfers

Spain's Banco Santander has announced the launch of its new digital investment unit, focused on ensuring the bank integrates new technology into its products and services to improve overall efficiency for customers. The unit will also be charged with investigating new service categories using tokenized securities in derivatives, capital markets and more.
By Daniel Webber | | US | See more in News

Travel agents now accepting Alipay for airfare purchases

Airlines Reporting Corp. (ARC), a major player in the travel industry, has just announced plans to facilitate Alipay as a form of payment for airfare sold through participating travel agencies. Alipay is China's leading remittance and international payments platform, offering users mobile and online options for making purchases or sending international money transfers. With more than 500 million users, the Alipay integration for airfare represents a significant opportunity for travel agents.
By Andrea Barnes | | US | See more in News

Al Baraka Bank now a Western Union agent

Al Baraka Bank Ltd of the Al Baraka Banking Group (ABG) is now a Western Union partner giving Pakistani consumers more options when it comes to receiving and sending money abroad. With the country receiving millions of dollars in remittances per year, Western Union’s expansion in the country is a welcome development to households who rely on international money transfers from family members living and working overseas.
By Daniel Webber | | US | See more in News

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