New York-based money transfer service Payoneer has signed with e-commerce player Rakuten.com, formerly known as Buy.com. Payoneer doesn’t enable purchases on the platform, but rather enables Rakuten to compensate its suppliers, who may be located anywhere in the globe, particularity East Asia. “We’re a bridge between marketplaces and sellers,” saidRead More
Post Tagged with: "remittances"
In the Pirates with Ties interview series, we are interviewing people who are leading digital transformation and innovation in major Financial Institutions. David Thompson is the Executive Vice President, Global Operations & Chief Information Officer at Western Union. In this interview we learn about WU Edge, their recently launched cross border payments platform for SME.Read More
Matt Oppenheimer, co-founder and CEO of Remitly, one of the most successful remittance startups in the U.S., has joined the Bank Innovation 2016 speaker faculty. Remitly is based in Seattle, where the conference will take place. “Successful” is actually a bit of an understatement when it comes to Remitly. In a competitive market that has seen several remittance ventures fail, Remitly has thrived, and is on pace to reach $1 billion in annual transferred funds.
Those Dutch know how to fintech. From Rabobank to Adyen to ABN Amro (or at least before it imploded with the credit crisis), the Netherlands has been a global spark for fintech evolution in recent years. Which is why ING Groep NV‘s fintech strategy deserves a look. Today, the DutchRead More
Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More