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Remittances
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184

Singapore startup Instarem raises $13m to take remittance business away from banks

By  for Tech in Asia

Cross-border remittances amounted to a whopping US$575 billion last year – the bulk of it going to developing countries as migrant family members sent money home or companies sent payments to workers abroad. (more…)

Hotnews, InspirAsia, Remittances

July 4, 2017

292

Fintech unicorn TransferWise reaches profitability, planning ‘new financial services’

BY Steve O’Hear for Techcrunch.com

What’s more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar year and is “cash-generating”. (more…)

Global trends, Influences FinTech, p2p-payments, Remittances

May 25, 2017

229

TransferWise launches multi-currency business bank accounts

TransferWise is moving further into traditional banking territory, setting up a ‘borderless’ bank account for businesses that need a multi-currency account for trading in overseas markets. (more…)

Global trends, Remittances

May 23, 2017

459

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

345

World Remit’s US Business is Growing 250% a Year

By CrowdFund Insider

WorldRemit, a digital money transfer platform, says business is booming. (more…)

Remittances

May 19, 2017

310

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

240

Pangea Money Transfer arrives in Honduras

Pangea Money Transfer, a remittance app built for the mobile user, has expanded its service into Honduras. With this addition, Pangea’s application is now available in six Latin American countries, including Mexico, Colombia, Guatemala, El Salvador and the Dominican Republic. (more…)

Remittances

May 2, 2017

287

ItzCash partners with Prabhu Money for Indo-Nepal remittances

ItzCash, India’s largest digital payments company and the leading player in domestic remittances, has further ventured into cross-border remittances through its collaboration with Prabhu Money Transfer India, a leading remittance company in Nepal. (more…)

Cashless, Global trends, InspirAsia, Remittances

May 1, 2017

249

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

By Jon Russel for TechCrunch

Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, Mastercard and other undisclosed investors. (more…)

Deals, eWallets, Global trends, Hotnews, Remittances

May 1, 2017

356

TransferWise opens Asian hub in Singapore

We’re excited to announce that we’re launching TransferWise’s Asia-Pacific hub in Singapore. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Remittances

April 28, 2017

363

WorldRemit partners Tigo Money for mobile transfers to El Salvador and Guatemala

Leading digital money transfer service WorldRemit announced today it has partnered with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala, enabling Salvadorans and Guatemalans abroad to send money transfers instantly to more than one and a half million Tigo Money users in those countries, directly from the WorldRemit app. (more…)

Fintech news, Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

364

Walmart launches mobile money sending platform

Three years ago this week, Walmart introduced its groundbreaking money transfer service, Walmart2Walmart Powered by Ria, with the goal of bringing customers dramatically lower costs and a simpler money transfer experience. (more…)

Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

321

TransferWise moves into Asia Pacific with opening of regional HQ in Singapore

By Jon Russel for Techcrunch

TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore. (more…)

Global trends, InspirAsia, p2p-payments, Remittances

April 27, 2017

327

Azimo Adds Payments Via Phone Number To Its App

Azimo, the U.K. money transfer startup that has the backing of Rakuten, is reportedly launching a new feature that enables users to easily send money via the app. (more…)

Fintech news, Global trends, Hotnews, Remittances

April 27, 2017

Western Union Teams Up With Facebook Messenger For Global Money Transfers

By PYMNTS

Score another win for Facebook with Western Union’s latest announcement at the social media giant’s F8 annual developer conference. (more…)

Deals, Fintech news, Global trends, p2p-payments, Remittances

April 20, 2017

273

Revolut Partners Up With Trussle For Mortgage Broking Service Access

Buying a home can be a long and arduous process whether as first-time home buyers or multi-unit owners. The paperwork alone can be tedious and, at some times, repetitive. (more…)

Remittances

April 19, 2017

425

Tech Innovation in the Remittance Industry

By Hugo Cuevas for LTP

There is no consensus on the level of tech innovation in the international or cross-border money transfer and payments industry. FinTech startups think that there is none. They think that the industry is so complex, full of intermediaries, with huge margins, settlement problems, etc., that it is ready for disruption. Not totally true because the industry does need tech innovation and there is so much room for technology that we all agree that it must be encouraged, developed and invested on. This article will show you where tech innovation is happening – the baby steps. (more…)

Payment processors/providers/gateways, Remittances

April 18, 2017

276

SG’s InstaRem partners ASX-listed Goldfield Money in Australian push

By Shiwen Yap for DealStreet Asia

Singapore-headquartered fintech company InstaReM has partnered ASX-listed Goldfield Money to provide digital banking services for migrants and overseas-based small and medium-sized enterprises (SMEs) operating in Asia. (more…)

Global trends, Hotnews, InspirAsia, Remittances

April 11, 2017

291

Money transfer startup Azimo now lets you send money to a phone number

By Steve O’Hear for techCrunch.com

Azimo, the U.K. money transfer startup backed by Rakuten, is rolling out a neat new feature that makes it a lot easier to send money through the app and should add additional network effects to help the London-based fintech company grow. Specifically, the new functionality enables Azimo users to request, send and receive cash internationally using a mobile phone number. (more…)

Fintech news, Global trends, Hotnews, Remittances

April 5, 2017

333

This fintech startup is helping Chinese people move their money abroad

By Eva Xiao for TechinAsia

Every year, hundreds of thousands of Chinese students leave their country to study abroad. While overseas, they pay tuition, buy books, eat at restaurants, and pay rent. All of that requires one crucial step: moving Chinese yuan out of China. (more…)

Fintech news, Global trends, InspirAsia, Remittances

April 4, 2017

309

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways, Remittances

March 23, 2017

768

Azimo Updates Remit Service, Adding Instant Bank Transfers to Existing Lightning-Fast Philippines Service

By 

Azimo, the digital money transfer service operating in Europe, announced a complete overhaul of money transfer services to the Philippines, with a lightning fast instant service via bank transfer. (more…)

Fintech news, Philippines, Remittances

March 3, 2017

1298

Ayannah launches Juan Credit™, an AI-powered Credit Scoring Service for the Unbanked in Emerging Markets

Manila, Philippines – Press release

Ayannah, the leading provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system for the unbanked in emerging markets.  (more…)

Hotnews, InspirAsia, p2p-payments, Remittances

March 2, 2017

695

Ayannah launches an AI-powered Credit Scoring Service for the Unbanked

By

Ayannah, a provider of affordable and accessible digital financial services for emerging markets, has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system for the unbanked in emerging markets. (more…)

Credit scoring, Deals, Fintech news, Hotnews, Mobile payments/banking, Philippines, Remittances

February 21, 2017

545

TransferWise launches Facebook Messenger bot for easy global money transfers

By  for VentureBeat

International money transfer service TransferWise has introduced a new Facebook Messenger bot, letting customers send money and create rate alerts directly from within Facebook Messenger. (more…)

Bots, Deals, Fintech news, p2p-payments, Remittances

February 21, 2017

518

Revolut is the latest fintech startup trying to convince you it is better than a bank

By  for Business Insider

Fast-growing fintech firm Revolut has become the latest company to get into the crowded “neobanking” market — apps that are either banks or offer services so close to banking that they may as well be. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, Remittances

February 12, 2017

621

Former DBS bankers back fintech remittance start-up

By The Business Times

FORMER DBS bankers are backing a fintech remittance payments start-up.

Singapore financial technology start-up SingX on Thursday said it has launched a cheaper, faster and more convenient online remittance platform which charges consumers a fraction of what they typically pay for overseas money transfers. (more…)

Fintech news, Remittances, Singapore, SME

February 9, 2017

842

The Truth About Bitcoin Remittances

By George Harrap for Medium

We are about 7 years into Bitcoin and ‘the Blockchain’ now and its time we evaluated where we are in terms of remittances, what works and what doesnt. (more…)

Analytics, Blockchain, Cryptocurrencies, Remittances

February 6, 2017

514

Abu Dhabi Bank Implements Blockchain

The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. (more…)

Banks, Blockchain, Fintech news, Remittances

February 3, 2017

576

Abu Dhabi’s Largest Bank Just Launched Blockchain Cross Border Payments

By Samburaj Das for CryptoCoinsNews

The National Bank of Abu Dhabi has introduced real-time cross-border payments on a blockchain by integrating technology from industry firm Ripple. The offering will immediately benefit customers in the Asia-Middle East remittance corridor. (more…)

Banks, Blockchain, Fintech news, Remittances

February 1, 2017