The US Federal Trade Commission sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars.

U.S. FTC sues Walmart for allegedly allowing money transfer services for fraud

Western Union announced on Thursday that it would resume its money transfer service to Afghanistan as the Taliban deal with enormous economic hurdles following their takeover last month.

Western Union is restarting money transfer services to Afghanistan

US payments company PayPal <PYPL.O> is expanding further in Europe by launching its international money transfers service Xoom in Britain and 31 other countries across the continent.

PayPal launches international money transfer service Xoom across Europe

Due to the merger of SBI with its five associate banks, names and IFSC of bank branches are to be changed. A list of updated branch names and IFSCs is included.

SBI changes names and IFSC codes of around 1,300 branches. Here's why

The launch comes as competition in the mobile payments and international money transfer sectors intensifies.

TransferWise launches international money transfers via Facebook

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