Electronic funds transfer
Electronic transfer of money from one bank account to another
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| March 2025 | Wise continued its expansion by opening new offices in London and Tallinn. |
| February 2025 | The Consumer Financial Protection Bureau (CFPB) in the US ordered Wise to pay nearly $2.5 million for alleged 'illegal remittance practices', including advertising inaccurate fees and failing to properly disclose exchange rates. |
| 2024 | PaysafeCard changed its stylization from lowercase 'paysafecard' to 'PaysafeCard', reflecting a branding update. |
| October 2 2024 |
Atlantic Money
Atlantic Money launched 'Portals', a low-cost alternative to SWIFT that allows users to send money from personal banks on its transfer network without using the app.
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| June 2024 | The company announced a potential data breach affecting customers through partner bank Evolve Bank & Trust. |
| May 2024 |
Atlantic Money
Atlantic Money launched a web version of its app after exceeding £400M in total transaction volume.
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| 2023 | CurrencyFair discontinued its peer-to-peer currency exchange service, marking a significant change in the company's operational model. |
| 2023 | PaysafeCard launched 'Account & Card' service, providing users with a myPaysafe account featuring a virtual IBAN and a physical or virtual prepaid card, enabling SEPA transfers in select countries. |
| 2023 | Paysafe's eCash solution Paysafecash was awarded 'Best Payments Led Financial Inclusion Initiative' at The Digital Banker's Global Payments Innovation Awards. |
| 2023 | Paysafe was named one of CNBC's World's Top Fintech Companies. |
| 2023 | Skrill was named 'Best Digital Wallet' at The Digital Banker's Global Payments Innovation Awards. |
| 2023 | Paysafe won 'Payments Provider of the Year' at the EGR North America Awards, marking its third consecutive win in this category. |
| 2023 | Founders Käärmann and Hinrikus improved their positions on The Sunday Times Rich List, with Käärmann ranked 156th (£1.134 billion) and Hinrikus ranked 197th (£861 million). |
| August 2023 | Paysafe announced an extended partnership with The Mill Adventure, enabling players on the German-licensed iGaming platform to pay for their gaming experience in cash. |
| March 2023 | Paysafe announced a new partnership with Greyhound (acquired by Flixbus), offering travelers an option to make safe and secure cash payments when booking a trip online. |
| March 2023 |
Atlantic Money
Atlantic Money approached the European Commission to raise concerns about Wise's market conduct.
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| February 9 2023 |
Atlantic Money
Atlantic Money released its Android mobile app.
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| January 2023 | Competitor Atlantic Money accused Wise of harming competition by removing them from international transfers price comparison tables and denying access to additional comparison sites in an official letter to the UK Competition and Markets Authority. |
| January 2023 |
Atlantic Money
Atlantic Money filed an official complaint to the UK Competition and Markets Authority (CMA) against Wise, alleging anti-competitive practices in international money transfer price comparisons.
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| 2022 | Paysafe was highly commended for its eCash solutions in the 'Best Contribution to Economic Mobility in Payments' category at the Fintech Futures' PayTech Awards. |
| 2022 | Paysafecard was awarded second place in the 'Best International Companies' category at Austria's Leading Companies Awards, marking its eighth recognition as a top performing company in Vienna. |
| 2022 | Paysafe won in the 'Payment Solution & Innovation of the Year' category at the SBC Awards Latinoamérica for a second consecutive year. |
| 2022 | Paysafe (Skrill's parent company) was named Payment Service or Solution Provider of the Year at the VIXIO Gambling Compliance Global Regulatory Awards. |
| 2022 |
Atlantic Money
Atlantic Money officially launched its international money transfer service with a fixed fee model, operating from its London headquarters.
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| 2022 |
Atlantic Money
Atlantic Money secured seed funding of $7.5M across two phases, with investments from multiple venture capital firms including Kleiner Perkins, Index Ventures, Ribbit, Amplo, 20VC, Nordstar, Elefund, and Susa Ventures. Notable individual investors included Webull founder Anquan Wang and Robinhood founders Vladimir Tenev and Baiju Bhatt.
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| December 2022 | Paysafe partnered with ING Germany to strengthen its consumer offering, enabling the third largest bank in Germany to use Paysafe's cash service for cash deposits and withdrawals. |
| August 2022 | Paysafe announced a partnership with Exeter Finance enabling online cash payments for US auto loans. |
| July 21 2022 |
Atlantic Money
Atlantic Money launched its iOS mobile app in the United Kingdom.
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| June 27 2022 | The Financial Conduct Authority reported CEO Kristo Käärmann was penalized for tax affairs, to remain on their list for 12 months starting September 2021. |
| November 1 2021 | Paysafe completed the acquisition of viafintech, the company that developed viacash (originally Barzahlen). |
| September 23 2021 | Remitly became publicly traded on the Nasdaq exchange, completing an initial public offering of seven million shares and generating approximately $300 million in new funding. |
| September 8 2021 | PayPal acquired Paidy for $2.7 billion, expanding its presence in the Japanese digital payments market. |
| July 7 2021 | Wise went public with a direct listing on the London Stock Exchange, valued at $11 billion. |
| July 2 2021 | Co-founder Taavet Hinrikus announced he would step down as chair within a year, with David Wells set to replace him. |
| March 2021 | Skrill announced a new partnership with Leeds United, an English Premier League football team. |
| February 22 2021 | Wise rebranded from TransferWise to Wise, launching a new website domain to reflect its expanded product offerings. |
| January 21 2021 | Sky News reported Wise had appointed Goldman Sachs and Morgan Stanley for its planned initial public offering. |
| 2020 |
Atlantic Money
Atlantic Money was founded by Neeraj Baid and Patrick Kavanagh, who were both early employees of Robinhood prior to starting the company.
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| July 2020 | Disclosed a secondary investment round of $319 million, reaching a total valuation of $5 billion. New investors included D1 Capital Partners and Vulcan Capital, with existing shareholders Lone Pine Capital, Baillie Gifford, Fidelity Investments, and LocalGlobe participating. |
| June 2020 | Skrill extended its international money transfer service to US users. |
| June 2020 | Wise acknowledged that digital COVID-19 immunity passports were not a 'perfect solution' after experts raised ethical and privacy concerns, with co-founder Hinrikus stating they would not be publicly launched until scientific consensus on COVID-19 immunity was reached. |
| May 2020 | Skrill announced a four-year sponsorship deal with AC Milan football club. |
| 2019 | Skrill was named 'Best Digital Wallet' at the Juniper Research Future Digital Awards. |
| December 2019 | CurrencyFair completed a partnership agreement with Chinese online trade network Buy-World to launch its marketplace payment product. |
| November 2019 | Skrill launched its customer loyalty programme, KNECT. |
| November 20 2019 | PayPal acquired Honey for $4 billion, adding consumer savings and rewards technology to its portfolio. |
| October 2019 | CurrencyFair announced sponsorship of the 2019 Asian Gaelic Games, with a launch event at Croke Park. |
| May 2019 | Completed a secondary investment round of $292 million, increasing the company's valuation to $3.5 billion. |
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This contents of the box above is based on material from the Wikipedia articles Atlantic Money, PayPal, Remitly, Wise (company), PaysafeCard, CurrencyFair & Skrill, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.