Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Asda Money looks to disrupt money transfer market

UK supermarket giant, Asda, has partnered with Ria Money Transfer for the launch of Asda Money Transfer Powered by Ria, covering over 145 countries through a network of more than 317,000 locations. The service is now available online and will roll-out in selected stores across the UK from June. The retailer says that customers will be able to transfer up to £1,800 per day at competitive rates (it will benchmark rates and fees against rivals) with bank deposit, cash pay-out and home delivery options available.

Katie Walley, Head of Asda Money, says: “We saw a gap in the market for a service that offered a competitive alternative for so many of our existing customers as well as new customers who regularly transfer money overseas.  For all those who send money abroad on a regular basis, we wanted to provide a solution to the often high prices they have had to pay from our competitors for so long. We will constantly benchmark our prices against the largest money transfer providers. That not only makes us better value, but also makes sure more of customers’ money goes to their recipient and less goes on fees.’’



Related IBS Intelligence Research

Related Posts

Techemy, Auckland, DeFi , Finance

Techemy Capital launches DeFi strategies for investors

Techemy Capital (TCAP), a regulated financial services provider and funds management company, announced the launch of DeFi-based investable products to help investors tap into the open finance ecosystem. Run by programmable algorithmic code, DeFi removes middlemen and connects principals directly, thereby reducing capital inefficiency to enable higher yields. Hosted on the TokenSets platform, Techemy’s new […]

This post is only available to members.

Read More »

SoFi debuts its first crowdsourced ETF, SoFi 50 ETF (SFYF)

SoFi, an American FinTech leader and personal finance innovator, announced the availability of its relaunched exchange-traded fund (ETF), the SoFi 50 ETF. SoFi 50 ETF is now indexed to reflect popular equities among SoFi members and it tracks the performance, before fees and expenses, of the SoFi Social 50 Index, a portfolio of the 50 […]

This post is only available to members.

Read More »