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everex

502

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

fintechawards-validus

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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

flexm

276

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

logo

311

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

sungryemun_of_seoul

419

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

woman-counting-money

493

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

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277

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

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375

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

metal-ripple

417

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

roadblock-1

334

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

coins-in-chest

391

Payments startup Coins.ph just raised $5m from some familiar names

By  for TechInAsia

Online payments startup Coins.ph has landed a series A funding round worth US$5 million, the company announced today. The round is led by Accion Frontier Inclusion Fund, a global emerging markets fintech fund focused on financial inclusion, which is managed by similarly-minded investment firm Quona Capital. (more…)

Blockchain, Deals, Mobile payments/banking, p2p-payments, Philippines, Remittances, Thailand

October 24, 2016

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389

Philippines-based mobile payment service Abra joins hands with Codapay

By Yon Heong Tung for e27

With this new deal, Abra users in the Philippines will be able to purchase Steam wallet codes, Skype credit, Amazon gift cards and Battle.net cards by paying with Abra at Codapay’s retail site, Codashop. (more…)

Blockchain, Cashless, Fintech news, Mobile payments/banking, p2p-payments, Remittances

October 22, 2016

IbanFirst, a Brussels, Belgium-based a specialist in international payments with real-time exchange rate access, raised €10m in funding.

By FinSMEs

oynw3fvqv5zkkimhobtqThe round was led by Xavier Niel.

The company intends to use the funds to expand its banking services. (more…)

Deals, Fintech news, Remittances, SME

October 22, 2016

bankofamericaandmodo

328

Bank of America Partners with Digital Payments Firm

By Bryan Yurcan for American Banker

Bank of America has entered into a strategic partnership with digital payments firm ModoPayments that will give the bank access to Modo’s digital payments hub. (more…)

Banks, Cashless, Mobile payments/banking, POS/mPOS and online acquiring, Remittances

October 21, 2016

paypals-xoom-acquisition-adds-leg-to-growth-strategy-wedbush-securities

247

One-year on from takeover, PayPal accounts get link to Xoom for cross-border funds transfer

By Finextra

Sending money abroad has traditionally been a cumbersome process for everyone involved. (more…)

Cashless, eWallets, Fintech news, Remittances

October 21, 2016

90b0b4b619f97e8fd7521874da24432b_zpse83e3b8d

279

R3 Trials Interbank Cross-Border Payments With Ripple’s Digital Asset XRP

By LTP

October 20, 2016 (London) – Financial innovation company R3 and 12 of its consortium member banks have trialed Ripple’s distributed financial technology and the potential for its digital asset to scale liquidity and reduce the costs and inefficiencies of interbank cross-border payments. (more…)

Banks, Blockchain, Fintech news, Remittances

October 21, 2016

circle-logo-light

254

Circle moves to Spain and Ireland

By Finextra

This week Circle formally launched social payment apps in Spain and Ireland, enabling people in those countries can connect any Spanish or Irish bank account to Circle to send and receive p2p payments, with native Euro support, to friends and family within their countries and across borders instantly, at the best exchange rate available to consumers, with zero fees. (more…)

Fintech news, p2p-payments, Remittances

October 20, 2016

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261

Ingo Money and MoneyGram Launch New Credit Card Payment Service

By LTP

Ingo Money, a leader in real-time push payments technology, and MoneyGram, a global provider of innovative money transfer and payment services, today announced an agreement to offer consumers a new service to make quick and convenient credit card payments through Ingo Money’s platform at any one of MoneyGram’s estimated 40,000 US retail locations. (more…)

Fintech news, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

October 20, 2016

b2bmarketing

290

PayCommerce Completes $22M Series B Investment to Drive Exponential Global Expansion of its Enterprise Cross-Border B2B Payments Network

By LTP

Injection of capital will enable PayCommerce to significantly increase scalability and global strength for all network members and customers by expanding operations, R&D, sales and marketing. (more…)

Deals, Fintech news, p2p-payments, Remittances

October 19, 2016

960x0

488

Asia’s Trillion Dollar Electronic Payments Problem, And How To Figure It Out

By Vinnie Lauria for Forbes

Electronic payment apps like Venmo win customers and make headlines for their ease of use, transparent costs, and widespread adoption, creating the illusion that money is flying through the air without the slightest friction. In truth, the global electronic payment market is far thornier than its products would make it seem. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring, Remittances

October 18, 2016

bitwageinternationalfeat

259

Bitwage Releases Payment Verification Platform, My Employer, Five New Output Currencies and Hits New Transaction Milestone!

By Jonathan Chester for LTP

-Launching a new payment-verified reputation system that allows workers to leverage their payment data to acquire new clients without going to freelance marketplaces

-Launching 5 new currencies

-Reached milestone of $1m in transactions/month last month

(more…)

Blockchain, Fintech news, Remittances

October 15, 2016

mobile-payment-transfer

537

Giant migrant brand Lebara to launch against FX startups like Transferwise, Azimo

By  for TechCrunch

This weekend Lebara — the mobile network business which has become a universally recognised brand for the world’s migrant community — is to enter the international money transfer market, potentially putting the squeeze on tech newcomers like Transferwise andAzimo. Given that migrants are the primary market for international money transfers, this could hinder the growth of startups in the space. But it may also help by switching on a new audience to other players. (more…)

Fintech news, Mobile payments/banking, Remittances

October 14, 2016

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709

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Top 12 Mass Payments Solutions for International Business Use

By LTP

Since technology has shed the barriers for individuals and businesses to make international transfers, businesses around the world have been unleashed to reach new markets. The same goes for talent – tech-powered accounting solutions and project management tools allow businesses to maintain effective global teams, spread around the world. Moreover, supply chains, international vendors and freelance contractors have never been easier to manage with some of the most talented entrepreneurs developing mass payouts solutions for business use. Let’s look at some interesting examples of mass payments solutions providers: (more…)

eWallets, POS/mPOS and online acquiring, Remittances

October 11, 2016

payment-security

285

New Ways to Pay Require New Ways to Secure

By Lisa Stanton for Finextra

Although only recently introduced, the trend lines for the adoption of mobile wallet technologies like Apple Pay, Google Wallet and Android Pay resemble those of smartphones—hockey-stick growth curves. (more…)

About, Cashless, eWallets, Mobile payments/banking, POS/mPOS and online acquiring, Remittances, Security

October 11, 2016

shutterstock-bangkok-thailand

342

RS2 Software and Alpha Payments Cloud team up in Thailand

By Finextra

Payments processor RS2 Software plc has announced a partnership with Alpha Payments Cloud, a global leader in providing access to payment, risk and commerce solutions to international banks and merchants. (more…)

Banks, POS/mPOS and online acquiring, Remittances, SME, Thailand

October 10, 2016

diwali-firework-768x506

885

Bitcoin Could Get a Festive Push in India

By Rebecca Campbell for CryptocoinsNews

Diwali, the Hindu festival of lights, is soon upon us, but could this celebration filled with fireworks, decorations, and lights help boost bitcoin adoption in the country? (more…)

Blockchain, Cryptocurrencies, India, Remittances

October 10, 2016

payment-gateyways-in-mlm-software

365

How Upcoming W3C Payment Request API Standardization Can Change Online Payments Space

By Milos Dunjic for LTP

In the world of Web/online payments, the concept of ‘digital wallet’ was initially introduced by PayPal and over the last decade, it became the prevalent method for users to store and manage their payment credentials to be used in card-not-present/online payments transactions. In order to compete with PayPal, in the last several years, main payment networks (and many third-party providers) introduced their own digital wallets. Mastercard currently provides MasterPass, Visa offers VisaCheckout and Amex has Express Checkout. (more…)

eWallets, POS/mPOS and online acquiring, Remittances, SME

October 10, 2016

globalization-e1471807310307

407

Automated Payments Systems in High Demand as International Payments Soar Due to Increasing Pace of Globalization

By LTP

LOS ANGELES – October 4, 2016 — AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, today announced the results of its inaugural State of International Payments Report, finding that nearly half (46%) of North American companies involved with international commerce expect to utilize international payments more this year than in 2015. As a result, nearly one in three North American companies (29%) are planning to start using or plan to upgrade their online automated international payments tools in the next 12 months to increase operational efficiency, mitigate risk and reduce costs. (more…)

Global trends, Marketing Report, Remittances

October 8, 2016