Money Transfer stories

Study reveals 62% of Australian SMEs use the big four banks for international trade, despite higher fees and exchange rate mark-ups.

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.

Waave launches Waave Wallet, a novel payment method using biometric security and real-time account transfer; a move to tackle cyber breaches and reduce Australia's AU$3 billion in annual merchant fees.

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.

Wise Platform has launched a new way to help enterprises and their customers with cross-border money management.

The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always ‘free’.

Tencent Financial Technology and Wise are teaming up to allow international money transfers to China through Weixin, the Chinese version of WeChat.

Digital money transfer numbers are expected to grow in Australia and worldwide, according to WorldRemit's APAC managing director.