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#Saudi Unicorn Looks Beyond Kingdom After Western Union Deal - Bloomberg

Saudi Unicorn Looks Beyond Kingdom After Western Union Deal - Bloomberg Saudi Arabian digital payments firm stc pay, which was valued at $1.3 billion in a funding agreement with Western Union this month, is set to become profitable “very soon” and is in talks with regulators to expand into neighboring countries.The company, launched by the kingdom’s biggest mobile operator Saudi Telecom Co. in late 2018, wants to offer digital payments across the six-nation Gulf Cooperation Council, Chief Execut...
Tags: Travel, Saudi Arabia, Digital, Middle East, Western Union, Mohammed bin Salman, Gulf Cooperation Council, STC, Rupert Neil Bumfrey, Saudi Telecom Co, Ahmed Alenazi, Alenazi


Western Union Buys 15% Stake in #Saudi Telecom’s STC Pay Unit - Bloomberg

Western Union Buys 15% Stake in Saudi Telecom’s STC Pay Unit - Bloomberg Western Union Co. has acquired a 15% stake in STC Pay, an arm of Saudi Telecom Co. that is focused on digital payments and financial technology services.Western Union purchased the stake for $200 million, the Saudi-based telecom operator said in a statement Saturday, valuing the company at about 5 billion riyals ($1.3 billion).STC Pay, which goes by lower case lettering in its branding, is a financial company that launched ...
Tags: Travel, Western Union, STC, Rupert Neil Bumfrey, Saudi Telecom, Saudi Telecom Co, STC Pay Unit Bloomberg, STC Pay Unit Bloomberg Western Union Co


Western Union says suspending U.S. transfers to Cuba

Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration's latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad. Its customers will now have to find new ways to send transfers against the backdrop of Cuba's deepest economic crisis since the collapse of the Soviet Union, exacerbated by the coronavirus pandemic. One route may be in cash via flights from the United States ...
Tags: News, United States, Cuba, Western Union, Trump, Soviet Union


Cubans lose access to vital dollar remittances after latest US sanctions

Cuba closes Western Union offices after US blacklists a military-controlled firm that processes payments from Cubans abroadDayane Medina, a 30-year old mother, had been due to pick up the equivalent of $65 that her grandmother in Jacksonville, Florida, sent her this week.“I don’t like asking her for money – she is too generous,” she blushed, confessing that her grandmother sometimes sells food stamps to raise money. “But I’m not working at the moment and my husband is a doctor – we can’t get by ...
Tags: Florida, Americas, US, World news, US foreign policy, US news, Cuba, Medina, Western Union, Jacksonville Florida, Mike Pompeo, US elections 2020


The Trump administration will ban remittances to Cuba through military companies

The United States government will prohibit remittances to Cuba through companies controlled by the Cuban military, which would effectively cut money transfers to Cuba until companies like Western Union and the Cuban government work out a way around the new measures.
Tags: News, United States, Cuba, Western Union, Trump


Western Union: Putting a smile on a face

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Tags: Advertising, Western Union


How Do You Convey ‘Speed’ in a Static Outdoor Ad? Paint It in Mere Minutes

LONDON--BBH London has created a new campaign for Western Union, the cross-currency payments service, which comprises a gigantic mural of a painting created in just minutes by professional "speed painter" artist Dave Sharp. The campaign is designed to drive awareness of the speed with which people can send money abroad using the brand's app and...
Tags: London, General, Advertising, Western Union, BBH, AdFreak, Fin Tech, Dave Sharp


SCOTT GALLOWAY: Palantir can wrap itself in the flag all it wants. The company is still a s----y business that has never made money in 17 years.

Galloway says Uncle Sam should be advising Palantir. Arnd Wiegmann/Reuters Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is his recent blog post and video, republished with permission. It originally ran on his blog, "No Mercy / No Malice." Galloway critiques Palantir, a data management software company cofounded by Peter Thiel, ahead of its IPO scheduled for late September. He calls Palantir "the Rudy Giuliani of tech," saying that despite th...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Opinion, White House, US, America, Trends, Netflix, Tim Cook, Peter Thiel, New Orleans, Silicon Valley, Accenture, Biden


Remitly raises $85M at a $1.5B valuation, says money transfer business has surged

Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people in developing economies. However, the persistent spread of the coronavirus is having a tough impact on that, with the World Bank estimating that remittances to low and middle-income countries will fall 20% this year to $445 billion (down a record $554 billion in 2019). That’s due in part to the economic slowdown (and job and wage...
Tags: Startups, TC, Facebook, Finance, US, Tech, World Bank, Robinhood, Libra, Remittances, Money Transfer, Remitly, Revolut, Western Union, Western Europe, Oppenheimer




Man gets 3 years in prison for scamming elderly by posing as grandkids needing cash

A 29-year-old man was sentenced Monday to 41 months behind bars for his role in a scheme that duped elderly residents of Los Angeles, Orange and Riverside counties into believing their grandchildren were in danger in foreign countries and immediately required cash. Clifford Kirstein, a Canadian citizen, pleaded guilty last year in Los Angeles federal court to a wire-fraud charge, admitting his role as a phone scammer who made calls to victims while impersonating a grandchild in desperate need of...
Tags: News, La, Los Angeles, Sport, Soccer, Courts, Carney, Montreal, Dominican Republic, Western Union, Montreal Canada, Riverside, Durst, MoneyGram, Sherman Oaks, Los Angeles Orange


"In a new graphic-nonfiction book, 'Open Borders: The Science and Ethics of Immigration'..."

"... Bryan Caplan, a libertarian economist at George Mason University, makes the radical pro-immigration argument that others don’t. In his view, immigration should be essentially unlimited.... Opening the world’s borders wouldn’t mean abolishing them, Caplan explains.... Governments would relinquish their exclusionary authority, so that anyone, regardless of citizenship, could 'accept a job offer from a willing employer or rent an apartment from a willing landlord.' In one illustration, a carto...
Tags: Books, Comics, Law, Immigration, Economics, Eyebrows, Lips, Western Union, Libertarians, Smiling, George Mason University, Caplan, Bryan Caplan, Ann Althouse


A backlash may have killed the cashless store, but retailers are still betting on futuristic payments innovations

Cashless stores have been a polarizing retail invention. They have been lauded as innovative and convenient in addition to being derided as sowing inequality. Fears over the exclusionary nature of cashless stores prompted a spate of legislative bans against them. Alex Bau, the Federal Reserve's director of data and policy analysis of the cash product office, said that nowadays, retailers seem to be more keen to "meet the customer where they're at" when it comes to payment options. Visit Busine...
Tags: Amazon, Trends, United States, Washington Dc, New Jersey, Npr, Federal Reserve, Harvard Business Review, Western Union, Macy, Lowe, Congressional Research Service, FDIC, Federal Reserve Bank of San Francisco, Sweetgreen, Federal Reserve System


Cashless stores once looked like the future of shopping — but backlash has complicated its arrival

Cashless stores have been a polarizing retail invention. They have been lauded as innovative and convenient in addition to being derided as sowing inequality. Fears over the exclusionary nature of cashless stores prompted a spate of legislative bans against them. Alex Bau, the Federal Reserve's director of data and policy analysis of the cash product office, said that nowadays, retailers seem to be more keen to "meet the customer where they're at" when it comes to payment options. Visit Busine...
Tags: Amazon, Trends, United States, Washington Dc, New Jersey, Npr, Federal Reserve, Harvard Business Review, Western Union, Macy, Lowe, Congressional Research Service, FDIC, Federal Reserve Bank of San Francisco, Sweetgreen, Federal Reserve System


‘2020 Oscar-Nominated Short Films: Documentary’: Film Review

“Pictures are for entertainment, messages should be delivered by Western Union.” The line has been variously attributed to half a dozen old-school Hollywood producers, from Samuel Goldwyn to Frank Capra, but the sentiment captures how classic studio types endeavored to separate political statements from popular cinema. In recent years, however, pundits have been pressuring the […]
Tags: Hollywood, Frank Capra, Western Union, Samuel Goldwyn, St. Louis Superman, Oscar-Nominated Short Films, In the Absence, Life Overtakes Me, Walk Run Cha-Cha


How Will We Talk to Brands in the Future?

On March 10, 1876, after years of research and development, inventor Alexander Graham Bell demonstrated his new invention, the telephone. It was, admittedly, a clunky contraption. The earpiece was too large and the transmitter was even bigger—but Bell’s invention successfully transmitted his voice along a thin copper wire to his waiting assistant. Bell’s achievement was momentous and would eventually usher in a new era of long-distance communication—but not everyone agreed. Bell’s financial back...
Tags: Business, Instagram, US, Sales & Marketing, Zappos, Bell, Western Union, Right Now, SVP, Hubbard, Alexander Graham Bell, Gardiner Hubbard, Jim Dvorkin, Everett Historical Shutterstock


Currencycloud nabs $80M from Visa, World Bank Group and more for its cross-border payments API

Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform is announcing that it has raised $80 million to tap into that opportunity, and...
Tags: TC, Asia, London, Softbank, Tech, Thailand, Google Ventures, Adyen, Visa, Western Union, Siam Commercial Bank, MoneyGram, Dwolla, Anthemis, SBI Group, Currencycloud


Currencycloud nabs $80M from Visa, World Bank Group and more for cross-border payment APIs

Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform, is announcing that it has raised $80 million to tap into that opportunity, an...
Tags: TC, Asia, London, Singapore, Softbank, Tech, Thailand, Google Ventures, Adyen, Visa, Western Union, MoneyGram, Dwolla, Anthemis, SBI Group, Currencycloud


Four of The Best Domestic and International Money Transfer Apps Right Now

Traditionally, international money transfer services have been mostly offline with banks and postal services dominating the scene. The few other money transfer operators such as Western Union and MoneyGram had restrictions in the number of countries you could send from and receive transfers. Thanks to the digital era, a number of money transfer services offered by fintech companies enable you to send money across the globe irrespective of the country you are in. Apart from the web-based money ...
Tags: Travel, Apple, Google, UK, Finance, US, Paypal, United States, Travel Apps, Venmo, Travel Blog, Western Union, MoneyGram, Square Inc, Venmo Venmo, Ria Money Transfer


Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year after Paga raised a $10 million Series B round and Oviosu announced the company’s intent to expand globally, while speaking at Disrupt San Francisco...
Tags: Android, TC, Asia, New York, Mexico, Stanford, Nigeria, Brown University, Africa, San Francisco, Tech, Banking, Ceo, Paypal, United States, South Africa


Today in history 1959: Carl Switzer, actor who portrayed 'Alfalfa' killed over $50

I always knew that Carl Switzer, Our Gang's "Alfalfa" had been shot dead, I had never heard the sad tale surrounding it. Apparently a dog that Switzer was training for a relative got away. Switzer offered a $50 reward for the dog and paid it upon the animal's return. The owner of the dog, Switzer's uncle, did not want to reimburse Switzer and a fight broke out. RIP Alfalfa. Below is an excerpt from Picking.com's eyewitness account of the events: "It was more like murder," said Corrigan, to...
Tags: Post, News, Illinois, Rogers, Western Union, Today In History, Tom, Corrigan, San Fernando Valley, Alfie, Roy Rogers, Switzer, Little Rascals, OUR GANG, Young Tom, Carl Switzer


The last radio station

North of Silicon Valley, protected by the Point Reyes National Seashore , is the only operational ship-to-shore maritime radio station. Bearing the call sign KPH, the Point Reyes Station is the last of its kind. KPH is divided between two physical stations: one, knows as the voice, is responsible for transmitting; the other half of the station, known as the ears, was where human operators listened for incoming messages. The voice is located 11 miles north of Point Reyes in the small to...
Tags: TC, Congress, California, Washington, Tech, Silicon Valley, Richard, Baltimore, Pacific Ocean, Western Union, Point Reyes National Seashore, Marin County, Reyes, Morse, Bolinas, Samuel Morse


Meet the 36 rising stars of Madison Avenue revolutionizing advertising

Here are 36 rising stars of Madison Avenue, where Business Insider recognizes emerging talent in advertising. They span a variety of roles in media and creative as well as strategy, account management, talent, neuroscience, and inclusive design. They come from traditional ad agencies and consulting companies, Hollywood talent agencies moving into marketing services, and specialty agencies catering to direct-to-consumer brands. Click here for more BI Prime stories. Introducing the rising sta...
Tags: Apple, Google, Amazon, Verizon, Hbo, New York, Hollywood, London, Ge, Microsoft, Singapore, Time, US, Samsung, NFL, Colin Kaepernick


5 Promising Cryptocurrencies That Might Make Big Moves in 2020

Like any investment, the cryptocurrency market has its ups and downs. However, the market recovered in 2019 and shows signs of huge growth potential for 2020. You can get the most out of this capitalization if you invest in promising cryptocurrencies. You may think only experts can figure out how to make the right plays when investing in crypto, but that’s far from the truth. It all comes down to doing your research and learning as much as you can about the market. Don’t know where to start? We’...
Tags: China, Marketing, Investing, Ethereum, Litecoin, Western Union, Don, Ethereum Ethereum


'I'm Kidnapped': A Father's Nightmare on the Border

REYNOSA, Mexico -- He remembers being on his knees, gagged and blinded with duct tape, his hands tied behind his back. One of his captors struck his left thigh with a bat and scraped his neck with an ax, threatening to cut him.His 3-year-old son watched and wailed."Tell the boy to shut up. Make him shut up," one of the men barked, ripping the duct tape from his mouth.A few hours earlier, the 28-year-old migrant from Honduras, whose name is Jose, had been walking with his son down a street in Rey...
Tags: Asia, Texas, News, Mexico, United States, New York Times, San Diego, El Salvador, Honduras, Houston, Customs, Border Patrol, Central America, Tijuana, Western Union, Trump


SocialRank sells biz to Trufan, pivots to a mobile LinkedIn

What do you do when your startup idea doesn’t prove big enough? Run it as a scrawny but profitable lifestyle business? Or sell it to a competitor and take another swing at the fences? Social audience analytics and ad targeting startup SocialRank chose the latter and is going for glory. Today, SocialRank announced it’s sold its business, brand, assets, and customers to influencer marketing campaign composer and distributor Trufan which will run it as a standalone product. But SocialRank’s team is...
Tags: Social, Fundings & Exits, Startups, TC, Mobile, Facebook, Apps, Craigslist, Enterprise, Microsoft, Advertising Tech, Softbank, Funding, Samsung, Toronto, Linkedin


The 8 Best Money Transfer Services for Small Businesses

Even small businesses today are going global. Whether it involves purchasing goods and services from overseas suppliers or paying wages to remote workers, sending and receiving money is a crucial aspect of owning a business. When it comes to sending and receiving money both domestic and overseas, money transfer services have significant advantages over banks. Just make sure that you choose a service provider that can do the job securely and cost-effectively. If you are looking for the best money...
Tags: Apple, Business, Usa, UK, Money, Australia, California, Paypal, Bank, Western Union, Ontario, Right Now, CSV, LONDON SYDNEY, OFX, Danny Shutterstock


Watch for Teetering Travel Companies in Trouble

Imagine you have flown halfway around the world, after laying out thousands of dollars for your vacation, then being kicked out of your hotel with your flight home canceled. That was the fate this month with more than 150,000 customers of Thomas Cook of London, a once-proud institution that has been around for 178 years, were stranded in their destination. Despite being in an industry where they're mainly collecting commissions on trips where someone else is doing most of the work, they manage...
Tags: Travel, Usa, London, Travel Planning, Bbc, Canada, Thomas Cook, Travel Insurance, Travel Industry, Family Travel, Western Union, Travel News, Travel Life, Don, Allianz, Dave Ramsey


Easy Transfer processes billions of dollars in tuition for overseas Chinese students

For a founder building a consumer-facing business, overseas Chinese students might just be one of the most coveted targets: they’re young, well educated and have access to the ‘bank’ of mom and dad. This is a large addressable audience since millions of Chinese families send their children out West to study every year. It doesn’t come cheap. Tuition and living costs can easily add up to $50,000 annually at a top-tier university in the United States, which is still many Chinese people’s favored d...
Tags: Asia, Money, Education, Finance, China, Tech, Banking, E-commerce, Economy, West, Canada, United States, Bank, Unionpay, Credit Card, Financial Services


Grief lingers in Virginia town that paid high price on D-Day

BEDFORD, Va. (AP) — Marguerite Cottrell remembers the summer day 75 years ago when a Western Union telegram was delivered to her family farm as her mother was hanging clothes on the line to dry. Her mother read it, sat down and wept. Cottrell’s older brother, John Reynolds, had been killed in the D-Day invasion […]
Tags: News, Virginia, Nation, Western Union, Cottrell, John Reynolds, BEDFORD Va AP, Marguerite Cottrell