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Top 5 Best Challenger Banks: Revolut

Last month, we asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legitimate chance to become preferred consumer accounts, not just a stepping...

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Western Union debuts Nigerian mobile money transfer

Western Union and eTranzact have launched mobile money transfer in Nigeria (pictured) Western Union has launched a mobile money service in Nigeria, which it says will help boost financial inclusion and...

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PayPal partners with MoneyGram for cash withdrawal

Customers of PayPal in the US will now be able to withdraw funds via MoneyGram PayPal users can now withdraw money from their accounts and pick up the funds via money transfer company MoneyGram,...

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Foreign money transmitters face state-by-state regs in the US

Some European money transmitter companies are learning what insurance carriers from outside the US. learned years ago — the country is a nightmare of financial regulations that can differ sharply from...

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Azimo “industry first” to enable money transfers via Facebook Messenger

Michael Kent, Azimo: Sending money should be as easy as adding a friend on Facebook Azimo says it has become the first money transfer operator to enable money transfers worldwide via Facebook...

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Western Union to pay $586m fine for money transfer fraud

Not always for better… Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US...

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Venmo tests physical debit card

When the app is not enough… Venmo is planning to introduce a physical debit card to supplement its payments app, according to Recode. Testing at Venmo is reportedly underway. The card will enable users...

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HooYu brings identity confirmation technology to BCRemit

HooYu and BCRemit team up Better onboarding and fewer fraud incidents are the goals of online money transfer platform BCRemit. The UK-based company has partnered with identity confirmation specialist...

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Ingenico finds it a Small World for payments

It’s a small world Paytech firm Ingenico Group has been selected by Small World Financial Services, the largest independent money transfer company in Europe, as its payment processor. Ingenico says...

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Infographic: the better half of remittances

When it comes to overseas money transfers, the general perception is that it’s men who move out of their home country to support their families. Jesus Cervantes of World Bank’s Centre for Latin...

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