Sales League Table 2020 | Banking Technology Winners

Results Announced!

Stay up-to-date with the latest industry news and analysis.

Subscribe to BankTech Daily News today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

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

Core Banking Market Dynamics Report 2020

Global analysis of core banking system sales. Subscribe now

Currencycloud and TransferGo partner to fuel cross border payments

Money transfer company, TransferGo has announced its partnership with payments platform Currencycloud in a bid to facilitate cross border payments and assist its launch in 14 new markets in the Q1 2020. The suppliers state that the partnership will expand their service availability to 69 countries in total.

TransferGo CEO and co-founder Daumantas Dvilinskas said, “Our mission is to create financial options and access for hardworking migrant communities around the world. At the same time, we recognise that our customers the world over have unique money transfer needs. Our partnership with Currencycloud will help us meet these varying needs with further scale and reach.”

The partnership aims to work against the trend of bureaucracy and fees imposed by banks for processing payments in other countries and currencies and democratise remittances for users across markets including Kenya, Japan, Malaysia, the UAE and many more.

Digby Try, VP of Sales, EMEA at Currencycloud said, “Currencycloud was launched with the intention of democratising cross-border payments. Working with TransferGo is a perfect example of how we envisaged helping to make the complicated, opaque and expensive process of sending money overseas far more simple.”

Recently, Currencycloud announced the launch of its multi-currency account solution Currencycloud Spark, aimed to allow business customers to collect, store, convert and pay in 35 currencies.

Established in 2012 in the UK, TransferGo is a ‘pure-play digital’​ international money transfer service that is regulated by the UK Financial Conduct Authority (FCA) as an authorised payment institution. They enable international money transfers across Europe and other global destinations.

Related IBS Intelligence Research

Related Posts emerges from stealth mode & launches technology-powered Metal Card, a Philadelphia-based FinTech company, has announced its emergence from stealth mode to debut technology-powered Metal Card, a consumer spending product that leverages proprietary technology to give users controls, convenience, and automatic credit score optimization. With Guaranty, customers do not have to pay fees or interest. They will also receive a premium brand experience […]

This post is only available to members.

Read More »

Cloud9 Technologies teams up with comitFS to boost real-time voice trading APIs

Cloud-based communications provider Cloud9 Technologies has teamed up with comitFS, a UK-based provider of voice middleware and API abstraction capabilities for financial services companies. The collaboration will facilitate the development of real-time call control capabilities for voice trading within the institutional marketplace. “As trading dynamics shift to a more digitally-driven environment, firms want the peace […]

This post is only available to members.

Read More »

Quantum Group acquires mobile cashback app Tail

London-based FinTech incubator Quantum Group today announced the acquisition of mobile cashback app Tail. The acquisition is expected to enable Quantum Group to increase the number of banking partners integrated with Tail and to onboard different retailers from around the UK. Tail’s platform enables retailers to create hyperlocal marketing campaigns, thus allowing them to increase […]

This post is only available to members.

Read More »