Thursday , February 27, 2020

Western Union Notes Money Transfer Milestone in China and other Digital Transactions News briefs from 1/10/20

  • The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.
  • Ternio LLC said it has cut the minimum balance on its BlockCard debit card by 90%, from $100 to $10. The Visa-branded card allows users to spend cryptocurrency at more than 50 million merchants globally.
  • Seasonally adjusted consumer revolving credit contracted at an annualized rate of 2.7% in November following a revised annualized increase of 8.8% in October, the Federal Reserve reported.

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