@SaveOnSend

Independent research on consumer cross-border money transfers: market structure, economics, fintechs, banks, remittances, crypto and stablecoins.

SaveOnSend.com
Joined October 2014
  • Tweets2.2K
  • Following43
  • Followers788
1.1KMedia
Replying to @pitdesi
Don't blame us for WU. Vast majority of our customers come from good old banks.
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Jason Mikula
@mikulaja4 Aug 2024
International payments platform Wise abruptly ended its relationship with Evolve earlier this year, after the service allegedly facilitated transfers to Hamas-linked organizations. Now, Wise has "temporarily paused" USD accounts on its current bank partner, CFSB:
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The UK hidden fees study has a new transparent "bank" called Zing, kudos to HSBC! 🇬🇧 No improvement from banks. Showing customers their fees is a "consumer duty" merely for the last 3 companies on this list. @TheFCA Let's have a look at where they're hiding it?!
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Replying to @SaveOnSend @Wise
Aggressive yes, lawsuit no. Official complaint it is. Just to be precise. 🐳
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RS81@RS___8131 Aug 2023
Replying to @SaveOnSend @Wise @remitly
The point stands, but @Wise UK-listed so denominated in GBP. Wise mkt cap is c. 80% larger than @Remitly in USD. Also, whilst Remitly vol growth is faster, I think this is roughly offset for shareholders by quicker share dilution & the large difference in free cash flow margins
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El Salvador's crypto-based remittance flows continue to deteriorate. With @nayibbukele's #Bitcoin-as-legal tender experiment having all but failed, other nations that have been toying with the idea will likely drop it.
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Scoop: Zepz, the $5 billion money transfer group that owns WorldRemit and Sendwave, is laying off 420 employees or 26% of its workforce in the latest round of redundancies to hit the fintech industry. cnbc.com/2023/05/16/fintech-…

Western Union rival Zepz lays off 26% of employees as fintech cuts continue

Fintech group Zepz, which owns money transfer brands WorldRemit and Sendwave, is laying off 420 employees, the company told CNBC exclusively.

cnbc.com
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You can't blame the IMF for advising nations like Argentina to avoid copying El Salvador. The ongoing stagnation of Salvadorean crypto-based remittance flows is a clear sign that El Salvador's #bitcoin-as-legal tender experiment has failed:
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Our CFO Matt and I are doing a public Q&A to help you decide if you want to become an owner of @wise and at what price would it make sense. What are your questions we should answer?
Kristo Käärmann
@kaarmann18 Jun 2021
Learned a few things in the last month about how company shares start trading on an exchange (in the UK) I thought it was just writing the prospectus and pressing the button. But it turned out there is a more intricate process, known as The Dance💃🏼 🧵...
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TransferWise now valued at $3.5B following a new $292M secondary round tcrn.ch/30yHmnp by @sohear
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City A.M.
@CityAM8 May 2019
London #fintech @TransferGo grabs an extra $3.4m cityam.com/277287/london-fin…
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Monito@Monito19 Dec 2018
Big news from Monito’s HQ today! We've raised US $2.5 Million in Series A financing led by Switzerland’s leading media group, @Tamedia 🎉😀monito.com/en/wiki/monito-ra…
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If you have any interest in remittance you have to read the SaveOnSend Blog bit.ly/2gR8wTp Great research and market insights
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CoinDesk
@CoinDesk22 Nov 2016
Why Remittance Giant MoneyGram Won't Be First With Blockchain coindesk.com/moneygram-doesn…
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Faisal
@babushka995 Aug 2016
Replying to @SaveOnSend
@SaveOnSend Top 10 Money Transfer (Remittances) Blogs of 2016. blog.faisalkhan.com/top-10-m…
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UKTN
@UKTNofficial27 Jun 2016
TransferGo closes $3.4m Series A funding round bit.ly/28YCOgv
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John Owens@Jvowens12 Apr 2016
Comparison of social network remittance and payment apps - @WeChatApp and @LINEjp_official are the heavy weights!
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The Western myth of Bitcoin in Kenya: bit.ly/1TzBtfv
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Does #Bitcoin make sense for international money transfer? Another outstanding piece. saveonsend.com/blog/bitcoin-… via @saveonsend
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SaveOnSend retweeted
Faisal@faisal_PFI13 Nov 2015
So you think you know remittances ? You know nothing. Just read @SaveOnSend and thank me later.
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