News & Announcements

The latest from the money transfer industry — provider updates, fee changes, regulatory news, and platform announcements.

The US Capitol building in Washington D.C., where the remittance excise tax legislation was passed

RegulatoryMarch 14, 2026

New 1% US Remittance Tax Shakes Up the Money Transfer Industry

A federal excise tax on cash-funded international transfers went live in January 2026. Here's what it means for senders, providers, and the broader remittance market.

Business professionals shaking hands over a contract, representing competitive dynamics in the money transfer industry

Industry NewsMar 14

Western Union's CEO Concedes Ground to Digital Rivals — But Questions Their Staying Power

At an investor conference this week, Devin McGranahan acknowledged that Wise and Remitly are winning on customer growth, while defending Western Union's profitability and agent network.

Aerial view of Kigali's modern skyline, where Rwanda launched its new national FinTech Centre

Industry NewsMar 14

Rwanda Positions Itself as Africa's Fintech Hub with New National Centre

The Inclusive FinTech Forum 2026 saw Rwanda launch a national FinTech Centre and 'Innovate Rwanda' platform, aiming to attract startups building the next generation of African financial services.

A person making a mobile payment using a smartphone, representing new deal comparison features

AnnouncementMar 14

MoneyRemitter Now Shows Promo Codes & Referral Bonuses Alongside Rates

Our comparison platform now displays sign-up offers, referral rewards, and active promo codes for all 14 providers — so you can factor in bonuses when choosing where to send.

The US Capitol building illuminated at night, representing Revolut's push into American finance

RegulatoryMar 13

Revolut Bets Big on America with National Bank Charter Filing

The London-based fintech giant has filed for a US national bank charter and pledged $500 million in domestic investment, signalling its most aggressive push into American finance yet.

Two businessmen sealing a deal with a handshake, representing the reported Stripe-PayPal acquisition talks

Industry NewsMar 12

Stripe Reportedly Exploring PayPal Acquisition in Landmark Fintech Deal

Sources say the $159 billion payments giant is in early-stage conversations about acquiring all or part of PayPal, which would reshape the global payments landscape.

The European Parliament building in Strasbourg, France, where EU instant payment regulations were shaped

RegulatoryMar 11

EU Mandates Instant Euro Transfers Around the Clock — What Changes for Senders

New European regulations require all payment providers to process euro transfers in under 10 seconds, 24/7, with mandatory payee verification to combat fraud.

Chinese yuan banknotes spread out, representing China's digital currency developments

Industry NewsMar 10

China Makes History: Digital Yuan Wallets Now Earn Interest

In a global first, China's central bank digital currency pays interest at deposit rates. With 230 million wallets and trillions in transactions, the e-CNY is entering a new phase.

Downtown Johannesburg skyline, home to Absa's headquarters and the launch of Absa Global Pay

AnnouncementMar 9

South Africa's Absa and Thunes Launch Digital Remittance Service Targeting 18 Countries

Absa Global Pay offers instant transfers to bank accounts, mobile wallets, and cash pickup points across Africa, Asia, and the UK — backed by Thunes' payments network.

A gold Bitcoin coin, representing the growing role of digital currencies in cross-border payments

Industry NewsMar 8

Stablecoins Are Quietly Becoming the Backbone of Cross-Border B2B Payments

PayPal, Stripe, and major banks are racing to build stablecoin infrastructure for international business payments, with enterprise corridors emerging as the breakout use case.

A statue beside the European Union flag, symbolising regulatory oversight of embedded finance

RegulatoryMar 7

US Regulators Turn Their Attention to Embedded Finance as Transaction Volumes Soar

With embedded finance transactions projected to exceed $7 trillion in 2026, regulators are scrutinising the sector — but most firms say tighter rules will actually help.

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