Digital money transfer provider SimbaPay has added an artificial-intelligence-powered chatbot that will enable banks and other companies to offer international money transfer to customers across Africa and Europe through text messaging.
China's declaration on Wednesday that its payments market is now open to foreign companies gives Chinese payments processors an opportunity to grow globally — but it's made similar moves before, with little effect.
The speed at which money transfer payments are evolving from legacy, paper-based systems to digital platforms couldn’t be more stark at Western Union, where Sheri Rhodes has just been named executive vice president and chief technology officer.
deVere Group has added "Companion Accounts," which is designed to remove fees and enable shopping and expense management for relatives and companions that are in other countries, such as students or spouses.
Trustly, a Stockholm-based startup whose technology enables cross-border and online payments, has partnered with optile, a German online payments company, to expand the number of European merchants it supports for direct online bank payments.