Western Union Notes Money Transfer Milestone in China and other Digital Transactions News briefs from 1/10/20
Digital Transactions News staff
January 10, 2020
Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Person-to-Person Payments, Transaction Processing
- 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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