Technology

The service will start with transfers to India and the Phillipines, though Remitly plans to add more recipient countries in the near future.

Efforts to combine mobile wallets and loyalty programs have had mixed success over the years, but many companies are undeterred. Here are a few that are working to find the right mix of technologies.

Fintech companies can help consumers and small businesses obtain credit at lower costs, but it is critical to ensure that these innovative companies do not harm borrowers with predatory or discriminatory lending practices.

South Africa doesn't rank as high on Mastercard's mobile readiness rankings as some other countries, but a need for convenience and security is drawing more attention to the channel, particularly among the young.

Despite some mixed signals, the Chinese government has shown a willingness to loosen restrictions on imports. That would be good news for international payments players.

The company is diversifying from its traditional payments processing business into a broad-based provider of payments technology and data services.

The bank said the test showed blockchain can be used to conduct secure, low-cost cross-border payments without intermediaries.

The blockchain-based platform, set to launch later this year, promises to make gold trading around the world faster, more transparent and safer.

In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards.

The new controls include transaction-screening parameters users may adjust to their own risk and compliance policies.