Google Pay partners up to expand its global money transfers

London — Alphabet’s Google has launched international money transfer partnerships with remittances firms Wise and Western Union for users of its US payments app, the companies said on Tuesday.

Google’s foray in the $470bn remittance market, marks a further step by the technology company to expand its financial services offering, ramping up competition in the digital payments and fintech sector. Their partnership with Google Pay, which has 150-million users in 40 countries, comes as the pandemic has led to a boom in online payments, but an estimated drop in overall remittances flows. The money migrant workers sent home is projected to have declined 14% from 2019 due to worsening economic conditions and employment levels in migrant-hosting countries, according to the latest estimates from the World Bank.

Google redesigned its US payments app in November, introducing paid promotions to the service and opening a waiting list for bank accounts being launched next with several lenders.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Clicks to hold largest retail pharmacy network in SA after Pick n Pay dealJSE-listed health and beauty retailer Clicks Group is set to hold the largest retail pharmacy network in South Africa, with a portfolio of 632 pharmacies in the country, after it announced the acquisition of the retail pharmacy business of Pick n Pay, including 25 of its in-store pharmacies. busrep This in China won't happen, greed
Source: IOL - 🏆 46. / 51 Read more »

UK lawsuit calls for Apple to pay app store users for years of alleged overchargingThe suit was filed a week into a US trial over Epic Games’ claims that Apple is running its store like a monopoly, cheating developers and consumers had a double mind when i wanted to invest but i thank God 🙏 i have invested with the right account manager KevinKatch2 i got my money back with profit just as he said, i want everyone to start investing with KevinKatch2 he's the best trader.
Source: BDliveSA - 🏆 12. / 63 Read more »

Clicks planning to buy Pick n Pay pharmacies | The CitizenClicks is planning to buy Pick n Pay’s retail pharmacy business, that will include 25 in-store pharmacies. Tears grips my heart knowing how hard I've struggled to find a legit trader. I never wanted to do this but I'll be guilty if i don't share this good news to people to join the best trader have ever know. Thanks for helping me and i will forever be grateful to you LISATOWNSENDC I have never seen a Pharmacy at Pick pay, so, where are they based🤔
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Joburg Metrobus workers continue disruptions over 18% pay raise | The CitizenJoburg Metrobus on Monday said it was not in negotiations with the members of the Democratic Municipal and Allied Workers’ Union of SA (Demawusa). Unbelievable. The country is on its knees. Union bosses contributed to that and continue to do so.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

LETTER: Real culprit must pay his duesAce Magashule could be dead in the water but Jacob Zuma is still free and calling the tune Cryptocurrency for all Bitcoin beginner's !!! are you a Bitcoin Holder, Buyer, Seller or about starting up a trade? Start trading without sending your bitcoin or asset to anyone....but invest it yourself contact and ask sir californiaBTC1 how ? To use Zuma's name just to sell papers is pure Leeching at it's best by these settlercolonial papers.
Source: BDliveSA - 🏆 12. / 63 Read more »

Municipalities robbing the poor to pay the rich | The CitizenLess than 30% of the 10.1 million indigent households that qualify for free basic services and for which municipalities received the budgeted allocation of R54.1-billion in the 2020-21 financial year, actually received any free basic services. With sincerity and gratitude in my heart I’m doing this testimony so other people will know that this platform is real and legit, I’m grateful Sharon_cryptofx That is very true thank you very much...More special in Buffalo City Municipality..We bought tanks for free water but there is no difference..Please help us ..People loose their houses in Mdantsane.. 🤔this is real 🙄that thing happened longtime are go
Source: TheCitizen_News - 🏆 6. / 75 Read more »