BBVA, Spain’s second-largest bank that snatched up mobile banking startup Simple for $117 million back in 2014, is now entering the mobile money transfer business with today’s launch of a new app called Tuyyo. The app, which is available on both iOS and Android, is focused on the $73 billion annual market for remittances to Latin America and the Caribbean from the U.S. However,… Read Moremoney transfer
BBVA, Spain’s second-largest bank that snatched up mobile banking startup Simple for $117 million back in 2014, is now entering the mobile money transfer business with today’s launch of a new app called Tuyyo. The app, which is available on both iOS and Android, is focused on the $73 billion annual market for remittances to Latin America and the Caribbean from the U.S. However,… Read More
Zelle, the PayPal rival backed by over 30 U.S. banks, is preparing to launch its standalone mobile app on Monday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash, and very soon, Apple’s iMessage, powered by Apple Pay. While banks have… Read MoreZelle, the U.S. banks’ Venmo rival, will launch its mobile ...
AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup with around 120 million users that lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet. This is a first… Read MoreAndroid Pay now used for international P2P transfers, courtesy of ...
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under… Read MoreRemitly raises another $38M, adds World Bank’s IFC as it ...
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under… Read MoreRemitly raises another $38M, adds World Bank’s IFC as it ...
Money transfers are a crooked racket. They’re designed to hide just how much cash they steal from immigrant workers sending funds to family back home. Western Union, Moneygram, even PayPal’s Xoom trumpet that they only charge around $5, but quietly pocket people’s money by setting their own unfair exchange rate. TransferWise wants to put an end to all this bullsh*t. Today the… Read More