Electronic funds transfer
Electronic transfer of money from one bank account to another
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| 2025 | PayPal launched another ad campaign starring Will Ferrell, using an altered version of Fleetwood Mac's 'Go Your Own Way'. |
| April 2025 | Wise opened a new office in Singapore to support growth in the Asia-Pacific region. |
| 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 | PayPal introduced the ability to add PayPal debit cards to Apple Wallets, launching their biggest ad campaign to date featuring a commercial with Will Ferrell singing a revised version of Fleetwood Mac's 'Everywhere' before the first ESPN Monday Night Football broadcast of the season. |
| 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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| August 27 2024 | The general meeting of shareholders approved the renaming of the holding company from Qiwi PLC to NanduQ PLC. |
| 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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| February 22 2024 | Moscow Exchange excluded Qiwi's depositary receipts from its indices. |
| February 21 2024 | QIWI Bank's banking license was revoked by the Central Bank of Russia due to non-compliance with regulatory requirements, leading to the suspension of the Contact payment system. |
| 2023 | Qiwi group separated Russian and international business to avoid NASDAQ delisting, with Qiwi JSC controlling Russian operations and Qiwi plc overseeing Kazakhstan business. |
| 2023 | PayPal became a member of the MACH Alliance. |
| 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 | PayPal launched its U.S. dollar stablecoin called PayPal USD (PYUSD) for payments and transfers. |
| 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. |
| August 27 2023 | PayPal named Alex Chriss, a former Intuit executive, as its new CEO, effective September 27, 2023. |
| July 26 2023 | At the Bank of Russia's request, Qiwi Bank limited cash withdrawals to 1,000 rubles per month. |
| 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 2023 | PayPal announced layoffs of 2,000 workers (7% of its workforce). CEO Dan Schulman also announced he would step down by the end of 2023. |
| 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 | PayPal was ranked 143rd on the Fortune 500 list of largest United States corporations by revenue. |
| 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. |
| October 2022 | PayPal published and then quickly retracted an Acceptable Use Policy update that proposed a $2,500 fine for accounts spreading misinformation, following significant criticism. |
| September 2022 | PayPal closed the accounts of British social commentator Toby Young, the Free Speech Union, and The Daily Sceptic website, alleging COVID-19 misinformation, but reversed the decision days later. |
| 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. |
| May 2022 | TransferMate received additional funding of $70 million from a UK pension fund, aimed at accelerating innovation in their financial technology platform. |
| March 2022 | PayPal introduced a new fee structure for cryptocurrency transactions, with flat fees for transactions under $200 and percentage-based fees for larger transactions. |
| 2021 | Andrey Protopopov, previously head of the Payment Segment, was appointed CEO. |
| 2021 | QIWI sold its stake in the Tochka joint venture to Otkritie Bank for 4.95 billion rubles. |
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This contents of the box above is based on material from the Wikipedia articles Wise (company), Atlantic Money, Skrill, TransferMate, Qiwi, PaysafeCard, PayPal & CurrencyFair, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.