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- The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later.
- American Express Co., working with the National Trust for Historic Preservation, will fund $1 million in total grants to 25 small restaurants labeled as historic. The program includes one year of complimentary use of Resy, AmEx’s hospitality-technology platform, at each of the selected restaurants.
- Money-transfer specialist MoneyGram International Inc. reported fourth-quarter 2022 revenue of $342.1 million, a 5.4% increase from $324.6 million in the 2021 fourth quarter. Its net income for the same period soared to $21.8 million, a 419% increase from $4.2 million a year prior. For all of 2022, MoneyGram had $1.31 billion in revenue, a 2.3% increase from $1.28 billion in 2021. It reversed its 2021 loss of $37.9 million with a $34.2 million profit.
- Vend Park, a provider of parking-management and -payments technology, closed a $3.8-million seed funding round led by Floating Point Advisors.
- Markt POS, a point-of-sale system provider for grocers, added new features to its service, including wholesaler integration, at-register tipping, and more automated processes.
- Payments provider EBizCharge announced an integration with e-commerce platform Miva Merchant enabling the EBizCharge gateway to connect to its shopping cart to accept, add, and manage payments within Miva Merchant.
- Fingerprint Cards AB, a provider of biometrics technology, said it is working with Flywallet, a wearables company based on biometrics, to develop and launch wearables with biometric capabilities in the European market for payments, ticketing, and loyalty services.
- Circle Internet Financial said Citizens Trust Bank will hold $65 million in USD Coin cash reserves as part of a deal between the two organizations. They also will work in financial inclusion and digital financial literacy efforts.
- U.S.-based remittance fintech Remitly Global Inc. announced it has entered the Middle East market with an outbound remittance service in the United Arab Emirates. The UAE represents Remitly’s 30th send country.
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