Money Transfer stories

Tether invests USD $134 million in listed stablecoin platform as stablecoin use surges past USD $300 billion and eyes public market access.

OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.

Thunes wins Juniper Research top-three nod for cross-border payments as network breadth, interoperability and stablecoin links reshape the market.

Thunes has won the Best Cross-Border Payment Solution award at the MPE Awards 2026 after judges praised its global reach, FX pricing and compliance platform.

Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.

Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.

Wise wins full Thai licences to launch cross-border wallets and cards, challenging banks in a USD $9.46 billion remittance market.

RedotPay wins new Canada, US and Argentina licences as it builds a global crypto payments hub and expands stablecoin-based services.

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

SoFi and Mastercard will use SoFiUSD stablecoin for card settlement worldwide, targeting faster payments, remittances and B2B transfers.

TerraPay and Sabre have struck a multi-year deal to power instant cross-border bank payouts for travel agencies, airlines and hotels.

Zepz has bought fintech Pomelo to bolt credit cards and lending onto its remittance brands, deepening its push into cross-border finance.

UK bank Griffin posts fivefold revenue surge as it processes GBP £3 billion in payments and signs more than 50 platform customers.

Mastercard and TerraPay team up to let mobile wallet users tap and pay at over 150 million Mastercard contactless locations worldwide.

TerraPay launches Xend, a global payments network linking wallets, banks and cards for seamless cross-border transactions with Swift integration.

MoneyGram confirms a cyberattack that crippled its services, raising alarms about vulnerabilities in the financial sector amid ongoing digital transformation.

Fraudulent banking transactions in the UK could hit GBP $38 million over the next five years, warns Juniper Research, as the country battles a 111% surge in financial crime.

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

As deepfake scams surge globally, employees are urged to be vigilant and adopt common-sense checks, including 'liveness' checks and using internal codewords.

ACE Money Transfer from the UK has partnered with dLocal to strengthen their payout services across remittance hotspots in APAC and EMEA regions.