CNN Money Transfer to sideline Western Union and MoneyGram

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  • 3 years ago
  • Posted: December 4, 2015 at 9:08 am

I have never used Western Union nor MoneyGram to send money, but CNN money transfer will definitely make it easy to send money across the world. Sending money using other platforms has always been a knock on the head since the charges are usually high and hard to avoid.

CNN was licensed to launch CNN money transfers that will offer consumers a highly competitive service to transfer money without paying commission and the higher exchange rates often charged by mainstream banks. The payment tool is managed by moneycorp which is an award-winning international payments and foreign exchange specialist.

Basically, the main reason why technology is taking root around the globe is the fact that it’s convenient and reliable. To uplift that in the financial sector, CNN money transfer will be available on desktop and mobile devices to enhance to ever growing digitally-driven financial tech sector. To expand the CNN brand, the solution targets to generate additional revenue streams in areas of English language learning and international money transfers through two new partnerships.

CNN is also working with Germany-based learning solutions provider Papagei.com, to launch a dynamic English language learning service – CNN Learn English. Available on desktop and mobile, the subscription-based digital service will facilitate English language learning by overlaying CNN video content with Papagei.com’s unique translation and learning aids. Content is focused on finance and business, spanning a range of subject matters and a variety of dialects.

Tailored to enable the learning of business-level English, CNN Learn English will be available globally to consumers directly or to companies wishing to up skill its workforce.

“These initiatives are yet more steps in our ambition to take the CNN brand to wider audiences by entering into smart partnerships that enhance our footprint,” said Rani Raad, Chief Commercial Officer, CNN International Commercial. “In a changing media landscape, these partnerships add new revenue streams to our business, but more importantly launch new CNN services that will be valued amongst our audiences. We look forward to working closely with Papagei.com and moneycorp to develop these propositions.”

Both CNN Learn English and CNN Money Transfers will be marketed across CNN International digital platforms, giving CNN audiences the opportunity to benefit from both products. This new business diversification expands upon CNN International Commercial’s core business areas of advertising solutions, content sales and syndication, marketing and research.

“Enjoy exchange rates that are typically 3-4% better than those offered by the banks with CNN Money Transfers powered by moneycorp. Our customers also enjoy free online transfers, your bank may charge you anything from $30 – $50 each time.” CNN Money Transfer wrote.

 

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Erick Vateta
Tech Editor at Kachwanya.com
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Erick Vateta is a lawyer by training, poet, script and creative writer by talent, a model, and tech enthusiast. He covers International tech trends, data security and cyber attacks.
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