Wise has reportedly been exploring the possibility of becoming a fully licensed UK bank, a move that would mark a step in the fintech’s evolution from its origins as a money transfer service.

Western Union has introduced WhatsApp Business as a new service channel for its customers in Peru, enabling them to send money globally efficiently.

Global full-suite payments platform 2C2P has obtained a Major Payment Institution licence from the Monetary Authority of Singapore (MAS).

Money movement company, TerraPay, has recently announced a strategic partnership with Whish Money to boost cross-border money transfers and digital payments for Whish users.

Nuvei has added stablecoin rails to enable optimal and lower-cost fiat transfers for treasury, payroll, and remittances, particularly in regions underserved by traditional banking networks.

Western Union, Zoona, and Chipper Cash have introduced international money transfer services to allow customers in Zambia to send and receive money worldwide, according to their needs.

Money Mart has partnered with MoneyGram to provide international money transfer and bill payment services at its retail locations across Canada and the United States.

EzyRemit, a digital money transfer operator headquartered in Australia, has expanded its cross-border payment capabilities by integrating with Thunes.

Mastercard and BMO have announced the expansion of the latter’s Global Money Transfer service, enabled by Mastercard Move’s global money movement capabilities.

Safaricom, M-PESA, and PayPal have joined forces to support account linking and simplified fund transfers across their networks.