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Meet the Companies Behind Tomorrow’s Cash-Free Economy

BY ANTONIO NEVES, Millennial Workplace Speaker, Award-Winning Journalist and Author

Stop what you’re doing and check your pockets. Do you have cash on you? Your answer will likely depend on where you live and your age, but odds are you’re much less likely to answer “yes” today than you would have been 20 years ago. (more…)

Analytics, Cashless, Fintech news, news, Remittances

February 19, 2016

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Lydia Becomes A Serious Alternative To Cash To Pay Back Your Friends In France

By Romain Dillet for techcrunch.com

French startup Lydia has come a long way. When I first covered it two years ago, it wanted to become a sort of Venmo for France. Now, Lydia tries to cover a wide array of use cases when it comes to sending or requesting money. Today’s update goes one step further. (more…)

Cashless, Fintech news, p2p-payments, Remittances

January 25, 2016

Currency-Exchange

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CurrenSeek helps travellers find the best currency exchange rates

By Yon Heong Tung for e27

Malaysia-based startup Intuitive Asset says that it works by bypassing wholesale bank rates and allowing users to crowdsource updated rates (more…)

Cashless, Fintech news, p2p-payments, Remittances

January 7, 2016

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WhatsWeFaceTelKaLiVibeSnap Pay: comparison of messengers’ payment functions

Eighteen months ago, Mark Zuckerberg announced an unofficial messengers’ race for better and faster monetization of a customer base by integrating remittances and payments. How have the players succeeded so far?
(more…)

Columns, Fintech news, Mobile payments/banking, Remittances

October 12, 2015

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Bangladesh Backs Mobile Phones To Move Cash Among Rural Poor

Bloomberg: Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor. The central bank has proposed channeling all mobile transactions through bank-led companies with a minimum capital of 1B taka ($13M), said Bangladesh Bank Governor Atiur Rahman. This would force smaller providers to merge and link up with banks. (more…)

India, InspirAsia, Remittances

July 24, 2015

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Blue Ocean Of Remittances

TechCrunch: While Facebook moves deeper into using its Messenger platform as a vehicle for people to transfer money to each other, an app built for helping people transfer money is adding more messaging features. Seattle-based mobile remittance app Remitly — which lets people in the U.S. send money to India or the Philippines — has acquired Talio, a picture messaging app co-founded by ex-Amazon engineers with Snapchat-like features to let images and text disappear if you wish. (more…)

Deals, Fintech news, news, Remittances

July 14, 2015

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The hottest European fintech startups in 2015

EU-STARTUPS: In the last decade, there were a bunch of really successful fintech companies that started in Europe. Companies like Klarna, Adyen or Transferwise (to name just a few) changed the way we do payments or the way we transfer money overseas. By pursuing radical new concepts, these fintech startups became some of Europe’s most valuable companies within just a few years.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news, p2p-payments, p2p/online lending, POS/mPOS and online acquiring, Remittances

July 10, 2015

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Singapore’s fin-tech startup Toast raising US$750K seed

E27CO: Singapore-based fin-tech startup Toast is raising a US$750,000 seed round, with half the funds already committed, e27 has learned. The Startupbootcamp (Fintech Singapore) incubated startup founded by British entrepreneur Aaron Siwoku, which just relaunched following a rebranding from Cryptosigma last week, has already received S$24,500 (US$18,000) in return for an eight per cent equity stake from the accelerator.

(more…)

Fintech news, InspirAsia, news, Remittances, Singapore

July 8, 2015

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Boiling Of Remittances

MASABLE:  Facebook Messenger has finally rolled out its payments feature across the entire U.S. so that any stateside user can pay friends right inside the app, if they like. David Marcus, Facebook’s vice president of messaging products, quietly announced the news via Facebook post on Tuesday, describing the payments feature as “easy and safe.” (more…)

Deals, Fintech news, news, Remittances

July 1, 2015

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API-Based Money Mover Currency Cloud Taps Sapphire Ventures And Rakuten For $18M

TECHCRUNCHCurrency Cloud, a UK-based provider of cross-border money transferring services that are in turn used by a number of money transfer and payments businesses, has landed an $18 million round of funding. The Series C round — which brings the total raised by the company since 2012 to $36 million — is notable not only because it underscores progress for the company, but also because of who is doing the investing. (more…)

Deals, Fintech news, news, Remittances

June 23, 2015

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Money Transfer Startup Azimo Raises $20M At A $100M Valuation

TECHCRUNCHAzimo, a mobile money transfer startup out of London that was once feted by Facebook, is jumping into the funding ring with a $20 million raise. CEO and co-founder Michael Kent says the company will use the investment to continue to build out its operations across Europe and deeper into the community of migrants who already form the bedrock of its services. (more…)

Deals, Fintech news, news, Remittances

June 15, 2015

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Why Does Kenya Lead The World In Mobile Money?

The Economist: Paying for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money? (more…)

Fintech news, news, Remittances

May 27, 2015

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The Remittance Market: Bitcoin and MasterCard Send

TECHCRUNCH: Bitcoin’s most disrupting feature is its decentralized architecture. Indeed, bitcoin relies on a P2P network of computers to proceed money transfers. Each part of the network works to create new bitcoins (‘mining’), keep the network alive and validate transactions. All the transactions are registered in the blockchain that is used to validate a transaction using cryptography technology: it ensures that you can’t use a bitcoin you don’t own or you don’t use the same bitcoin more than once. This last action previously required a third party, but with bitcoin this is not the case anymore: the network replaces financial institutions and banks. (more…)

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

May 25, 2015

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Mobile Money Transfers To Africa Expected To Hit $33 Billion This Year

PCWorld: The amount of money sent to sub-Saharan Africa via mobile services is expected to hit $33 billion this year, reflecting the increasing number of mobile phone users on the continent. There has been significant growth in mobile money remittances in Kenya, South Africa and Uganda recently but there has been stagnation in Nigeria, Africa’s largest telecom market by investment and subscription, according to WorldRemit, a global money transfer company. Still, Nigeria, which received $21 billion in 2014 via mobile money, accounts for two-thirds of remittances to the region. (more…)

Fintech news, Remittances

April 22, 2015

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Robocoin, The Bitcoin ATM, Adds A Way To Send Cash Overseas

TECHCRUNCH:  Remittances – sending cash overseas – has always been bitcoin‘s killer app. Now the guys at Robocoin have made it more killer. Their new product, called Romit, is basically a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. (more…)

Cryptocurrencies, Fintech news, news, Remittances

April 21, 2015

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$10B Currency Cloud Launches in the US

BUSINESS WIRE: Currency Cloud, which provides international payments to businesses via an API, has expanded to the US, opening offices in New York. (more…)

Fintech news, news, Remittances

April 21, 2015

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How Bitcoin Could Revolutionize Remittance In Africa

THE NEXT WEB: A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash. (more…)

Cryptocurrencies, Fintech news, news, Remittances

April 13, 2015

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BeamAndGo Is A Remittance Service For Filipinos That Guards Against Misspent Funds

TECHINASIA: Cash remittances from overseas Filipino workers (OFWs) have proven to be a crucial lifeline for their families back home. Yet BeamAndGo founder Mariliese Tan believes there’s a better way to support these families other than cash: digital gift certificates.

(more…)

Fintech news, InspirAsia, news, p2p-payments, Philippines, Remittances

March 13, 2015

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Could Bitcoin Ease The Pain Of Africa’s Migrant Workforce?

ВВС: Bitcoin might conjour up visions of dark doings on the Silk Road website and wildly fluctuating value for some – but could it provide a safe haven for the money sent home to loved ones by Africa’s diaspora? Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years.

(more…)

Cryptocurrencies, Fintech news, Remittances

March 10, 2015

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Why We Started Abra

RRE: US startup Abra has launched its mobile app for remittances (available on iPhone and Android), which bypasses the middle men by using the blockchain and a network of “human ATMs” (more…)

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

March 5, 2015