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278

MoneyGram CEO Plans Waves With Ripple

Headlines swirl around the price of bitcoin and its cryptocurrency cousins, around psychological barriers tied to $10,000 thresholds, around raids on suspect operators, around tax rates in South Korea and hacks of crypto exchanges. (more…)

Cryptocurrencies, Fintech news, Global trends, Remittances

January 30, 2018

291

TransferWise begins private launch of its consumer borderless account and bright green debit card

By Steve O’Hear for Techcrunch

Money transfer company TransferWise has begun a private launch of its “Borderless account” for consumers. It marks the first time the European unicorn has offered a debit card (pictured below), a move that is bound to draw further comparisons with newer fintech upstarts such as Revolut. (more…)

eWallets, Global trends, Hotnews, Remittances

January 9, 2018

287

Azimo Brings Faster Money Transfers to Nigeria

By Julie Munh for Finovate

International remittance service Azimo has sped up money transfers in Nigeria. Just shy of a year after launching its service in the African country, the U.K.-based company announced last week it has enhanced that service. (more…)

Hotnews, Remittances

December 20, 2017

238

WorldRemit Launches Digital Money Transfers to South Korea

Digital money transfer service WorldRemit announced on Sunday it has expanded its remittance service to South Korea. WorldRemit stated that its mobile-first, digital model allows hard-working migrants to send money to South Korea in a few taps, directly from their phones or through the WorldRemit website without the need to visit or stand in line at a bricks and mortar agent. (more…)

Hotnews, Remittances

November 28, 2017

254

Bank Negara approves InstaRem mobile app for easy money transfer

KUALA LUMPUR: InstaRem Malaysia Sdn Bhd, a digital cross-border payments company, sees Malaysia as a large market for its digital remittance services. (more…)

Banks, Deals, Global trends, Hotnews, Remittances

November 28, 2017

237

TransferWise Raises $280 Million in Series E

In a round led by Old Mutual Global Investors and venture capital firm IVP, TransferWise has raised $280 million in new funding. The new capital, which takes the London-based fintech’s total financing to more than $396 million, will be used to help the money transfer innovator grow its services and expand its global presence – particularly in Asia. The Series D also will enable TransferWise to build on its newly-launched service that helps SMEs reduce or even avoid conversion fees by letting them hold money in different currencies. (more…)

Global trends, Hotnews, Remittances

November 7, 2017

Remitly closes in on $115m funding round

US mobile money transfer outfit Remitly says it has agreed to raise up to $115 million in a Series D funding round led by PayU, the fintech investment unit of Naspers. (more…)

Fintech news, Global trends, Remittances

November 1, 2017

571

Revolut moves into insurance

Revolut users will now be able to insure their mobile phone for as little as £1.00 per week as the innovative fintech launches the first phase of its insurance offering. (more…)

Global trends, Hotnews, Insurance, Remittances

September 28, 2017

605

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

685

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

632

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

864

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

706

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

709

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

545

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

591

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

509

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

687

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

591

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

803

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

622

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

648

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

583

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

703

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

628

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

694

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

651

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

545

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

1315

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