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717

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

802

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

1113

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

726

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

772

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

966

Jack Ma’s Ant Financial Buys MoneyGram for $880 Million

By Bloomberg News

Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. (more…)

China, Deals, Fintech news, Remittances

January 26, 2017

1946

Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

604

TransferTo and Wirecard team on white label remittance package for MMOs

By Finextra

TransferTo, leading cross-border B2B mobile payments network, and Wirecard, Europe’s leading specialist for payment processing and issuing services have teamed up to offer a white-label mobile-to-mobile remittance service. (more…)

Fintech news, Payment processors/providers/gateways, Remittances

January 24, 2017

520

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

542

Remitly Now Operating In All 50 States

Remitly, the digital remittance company based in the U.S., has expanded its services to Massachusetts. (more…)

Analytics, Fintech news, Remittances

January 17, 2017

512

New Spanish Exchange Converts Bitcoin and Fiat Currencies at 7,000 ATMs

By Rebecca Campbell for CryptocoinsNews

HolyTransaction Trade is a new universal cryptocurrency wallet in Spain that enables bitcoin and Euro instant conversions. Within Spain’s 7,000 ATMs, a person can convert their bitcoin into fiat currencies and vice versa, helping to push the country into the digital world. (more…)

Cryptocurrencies, eWallets, Fintech news, Remittances

January 16, 2017

672

Blockchain Remittance Platform Enters Vietnam

By

OKLink, a next generation global settlement platform, announced today the launch of real-time transfers to Vietnam. (more…)

Blockchain, Fintech news, Remittances, Vietnam

January 13, 2017

600

Two former bankers just built an app for migrant workers

By  for TechInAsia

Of the millions of expats in oil-rich United Arab Emirates, the majority are blue-collar workers from countries like India, Pakistan, and Bangladesh. They work in shipping, construction, and retail, making significant contributions to the property and housing boom in the wealthy Gulf emirate. (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances

January 9, 2017

1229

The 7 Hottest Fintech Startups and Solutions in Vietnam

By

Vietnam is a very Internet-connected country, and with the increasing penetration of smartphones there is a wealth of opportunity for online businesses, digital agencies and application developers. (more…)

About, AI / Machine Learning / Big Data, Cryptocurrencies, eWallets, Marketing Report, Mobile payments/banking, Mobile-first banks, PFM/PFP services, Remittances, Vietnam

December 22, 2016

756

Philippines Considers Bitcoin Regulation amid Remittance Increase

By Rebecca Campbell for CryptocoinsNews

he Philippines government is discussing whether to regulate digital currencies like bitcoin in the country to improve protection for its citizens as the number of Filipinos abroad using bitcoin to send money back home increases. (more…)

Blockchain, Cryptocurrencies, Fintech news, Government activities, Philippines, Remittances, Security

December 21, 2016

1538

6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

645

WorldRemit and Xpress Money forge global money transfer partnership

By Finextra

Digital money transfer service WorldRemit and global money transfer brand Xpress Money today announce a partnership to open up new remittance routes across Africa and Asia.

(more…)

eWallets, Fintech news, InspirAsia, Remittances

December 6, 2016

685

WorldRemit’s Ismail Ahmed thinks mobile money accounts are the future

By  for TechCrunch

WorldRemit founder and CEO Ismail Ahmed took the stage at TechCrunch Disrupt Londonto talk about his company and his views on the future of remittances. (more…)

eWallets, Fintech news, Global trends, Remittances

December 5, 2016

962

Singapore’s startups, immigrants get new channel to send money abroad at lower cost

By  for TechInAsia

Indians abroad will send US$65.5 billion home this year, according to a World Bank estimate. That’s slightly lower than the US$69 billion inflow in 2015, but it’s still the largest for any country, followed closely by China. (more…)

Fintech news, Remittances, Singapore

November 30, 2016

916

More than 100 migrant workers test blockchain remittance in Thailand

By Finextra

Money sent to Myanmar instantly with Everex’s Ethereum-based mobile payments app. (more…)

Blockchain, Fintech news, Remittances, Thailand

November 23, 2016

1107

Life.SREDA’s portfolio company Fastacash was awarded the biggest award at the Singapore FinTech Awards

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards.

Between the 10 awardees, Life.SREDA’s portfolio company FASTACASH was awarded a 1st place with a prize of S$250.000 in a category of MAS FintTech award (Singapore-based companies of any size)

(more…)

Cashless, Fintech news, Global trends, Hotnews, Remittances

November 18, 2016

548

FlexM raises US$886K to help the unbanked get paid and remit electronically

By Yon Heong Tung for e27

Its virtual wallet allows users to store up to four virtual pre-paid Mastercards (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances, Singapore

November 17, 2016

602

Monitise rounds up partners for new Finkit platform

By Finextra

Monitise, the financial services digital technology company, today announces the launch of the FINKit Partner Programme with founding partners Mastercard, BehavioSec, Currencycloud, Envestnet | Yodlee, Experian, fastacash, FICO, HID, iGeolise, LivePerson, MYPINPAD, Syniverse, and WorldFirst. (more…)

Banks, Fintech news, Remittances

November 16, 2016

791

A Major Korean Bank Will Soon Launch a Bitcoin Remittance Service

By Samburaj Das for CryptocoinsNews

Shinhan Bank, one of the largest financial institutions in South Korea will begin a remittance service – backed by bitcoin – between Korea and China, starting next month. (more…)

Blockchain, China, Cryptocurrencies, Fintech news, Korea, Remittances

November 11, 2016

902

Online remittance startup Toast raises $1.5m to be a bank for migrant workers

By  for TechInAsia

Online remittance startup Toast had a goal: it wanted to help migrant workers in Asia send money back home. This way, they wouldn’t have to deal with exorbitant remittance fees, queues at money transfer operator outlets, and long transfer times. (more…)

Deals, Fintech news, Hong Kong, Mobile-first banks, Remittances, Singapore

November 10, 2016

626

Payment companies that don’t share tech tools will fall behind

By Tony Ford for PaymentsSource

Even in the often-conservative financial industry, nearly every major player allows individual developers to access data streams and data sets. For example, Visa and MasterCard have dedicated developer sites where dozens of APIs can be accessed.

(more…)

About, Global trends, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

November 3, 2016

681

MoneyGram needs digital innovation

By Business Insider

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here.

Legacy remittance firm MoneyGram announced “solid improvements to key financial metrics” in its Q3 2016 earnings report on Friday, noting growth across the board despite geopolitical and economic headwinds in key receive markets. (more…)

Fintech news, Remittances

November 1, 2016

838

Metals wants to solve payments for the unbanked with the bitcoin blockchain

By Justin Oconnell for Hacked

Hacked discussed with Marshall Hayner the evolution of his startup, called Trees. Once focused on  delivering marijuana by drone – a la Snoop Dogg’s big music via drone push – the service has since been put on hold as Hayner develops Metal, a consumer-friendly approach to melding the world of high-risk payments, rewards and blockchain technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Interviews, p2p-payments, Remittances

October 30, 2016

623

SWIFT and the payments roadblock for SME exporters

By Doron Cohen for Finextra

If you have transferred money to an overseas bank account lately, chances are it was processed by SWIFT. (more…)

About, Banks, Remittances

October 27, 2016

Aevi Completes €30m Capital Increase

By FinSMEs

Aevi, a Paderborn, Germany-based provider of global payment transactions and a marketplace for B2B apps and services, completed a €30m capital increase. (more…)

Deals, Fintech news, Remittances, SME

October 25, 2016