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1028

Swipe, send, secure: The best mobile payment methods in Singapore

By Duckju Kang for e27

In the last one to two years, mobile payments have taken Singapore by storm, and recent studies have shown that mobile payment transactions are growing at around 40 per cent annually. (more…)

eWallets, Mobile payments/banking, p2p-payments, p2p/online lending, PFM/PFP services, POS/mPOS and online acquiring, Remittances, Singapore

October 4, 2016

912

Western Union brings mobile app to Canada

By Finextra

The Western Union Company (NYSE: WU), a leader in global payments, today announced the launch of its mobile platform in Canada for domestic and cross-border money transfers, available for iOS and Android. (more…)

Fintech news, Mobile payments/banking, Remittances

October 4, 2016

617

HCE Service Brings to HCE Mobile Payments a New Level of Trust and Security via Public Key Infrastructure (PKI)...

By LTP

Card issuers across the world are launching their own branded HCE-enabled (host card emulation) digital cards on mobile devices. Rapid mobile payments growth is expected as more cash transactions convert to being digitally driven by the “millennial” generation.  However, the current challenges with any HCE implementation are achieving strong customer authentication, auditability, end-to-end trust and security, and reducing implementation costs. To overcome these challenges, HCE Service has launched the world’s first PKI-secured (Public Key Infrastructure) HCE card digitalizing managed service – “SWIM” (Software Wireless Identity Module) HCE platform. (more…)

Cashless, Mobile payments/banking, Remittances

October 1, 2016

874

Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets

By Ingrid Lunden for TechCrunch

Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under $100 million, comes just nine months after Remitly raised the same amount in a Series C round, and underscores how the company is trying to seize a moment of growth. (more…)

Deals, p2p-payments, Remittances

September 30, 2016

1068

The remittance process takes too long. This startup is changing that.

By Leila Lai for TechInAsia

Chynge, a Singapore-headquartered fintech startup which has developed a way to clear monetary regulations on remittance transactions more efficiently across the Asia Pacific region, is now looking to expand its reach. (more…)

InspirAsia, Remittances, Singapore

September 29, 2016

844

Ericsson rolls out mobile remittance in emerging markets

By Tanya Andreasyan for Banking Tech

Ericsson has joined forces with HomeSend, a joint venture between Mastercard, eServGlobal and Bics that focuses on mobile money remittances in emerging markets. Ericsson’s digital wallet, Ericsson Wallet Platform, is now HomeSend Certified. The product has access to HomeSend’s network of money transfer operators, cash agents and banks in more than 200 countries. (more…)

Mobile payments/banking, Remittances

September 29, 2016

924

ACI Worldwide and Vocalink team up for real-time payments push

By Tanya Andreasyan for BankingTech

Two payments specialists, ACI Worldwide and Vocalink, have joined forces “to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network”. (more…)

Cashless, POS/mPOS and online acquiring, Remittances

September 27, 2016

856

PayCommerce Launches First Instant Cross-Border Payments, Clearing and Settlement Program for Its Global Banking Network

By LTP

Global banks can now access the technology and network for instant cross-border payments, clearing and integrated settlements, while opening up new revenue opportunities (more…)

Banks, Cashless, India, Remittances

September 26, 2016

742

Major Banks Unite To Create World’s First Rules-based Blockchain Payments Network

By LTP

Ripple announced today that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada are the founding members of the organization, known as the Global Payments Steering Group (GPSG). (more…)

Blockchain, Remittances

September 24, 2016

840

Dwolla’s API to Enable Same Day ACH Transfers

By LTP

In the United States, the ability to transfer funds from one bank account to another within the same business day has been a pipedream since the 1970s. The ability to not only do that but do it affordably and through an API endpoint starts today with Dwolla’s Same Day ACH pilot program. (more…)

Fintech news, Remittances

September 22, 2016

1100

Siri Sending Money Via N26

Siri can do lots of things. Now, she can help you send money. (more…)

Banks, Global trends, Hotnews, Remittances

September 14, 2016

TransferWise: Turning Japanese

We’re excited to announce that you can now send money to and from Japan with TransferWise. (more…)

Deals, Mobile payments/banking, Remittances

September 12, 2016

836

Paypal brushes-off request from Palestinian tech firms to access the platform

By Mike Butcher for TechCrunch.com

Some people might be wondering why a hashtag to do with Paypal has been blowing up on twitter in the last two days. The #PayPal4Palestine hashtag has been making waves on social media after 43 companies and organizations in Palestine published an open letter to Paypal asking for the payment platform to work there. The move came only after PayPal ignored their requests for a formal meeting. (more…)

Analytics, Global trends, Government activities, Hotnews, Mobile payments/banking, p2p-payments, Remittances

September 10, 2016

Barclays and CommBank team on cross-border mobile payments

Barclays is teaming up with the Commonwealth Bank of Australia to enable customers to send instant mobile payments around the world with just a phone number. (more…)

Banks, Mobile payments/banking, Remittances

September 10, 2016

903

London fintech star Transferwise doubles revenue as losses grow

By Lynsey Barber for CityAM

Fintech unicorn Transferwise has revealed revenue tripled last year but losses grew as it continues to plough cash into global growth. (more…)

Cashless, p2p-payments, Remittances

September 6, 2016

1410

Deals: Money transfer company TransferWise raises further $26M at a $1.1B valuation

By Steve O’Hear for techcrunch.com

After months of rumours, TransferWise, the London-headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of funding. (more…)

Deals, Global trends, Remittances

May 26, 2016

1613

Deals: Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten

By Ingrid Lunden for techcrunch.com

Azimo was once in talks to be acquired by WhatsApp and Messenger owner Facebook. And while may not have gone anywhere, today it is announcing funding from another big tech company in possession of a major messaging app. (more…)

Banks, Deals, Fintech news, InspirAsia, Remittances

May 5, 2016

1706

The restaurant OS

By Chris Caliz for Techcrunch.com

So you’re a techie and a foodie. You’re having dinner and your phone buzzes to let you know you can pay for the meal you’re enjoying right from an app. It’s then you realize there’s something going on in restaurant tech. (more…)

Pre-order services, Remittances

May 3, 2016

1165

On the move

Speacial by the Economist

Much hangs on mobile money (more…)

Global trends, InspirAsia, Mobile payments/banking, Mobile-first banks, Remittances

April 20, 2016

11268

Online-Remittances

The World Bank estimates that by 2016 there will be more than $700 billion sent overseas between family and friends, with $646 billion sent in 2015.

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Cashless, Fintech news, Global trends, Hotnews, InspirAsia, Remittances

March 26, 2016

1309

Deals: WorldRemit Gets $45M At A $500M Valuation To Grow Its Mobile Money Transfer Business

By Ingrid Lunden for Techcrunch,

A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. (more…)

Deals, Fintech news, Remittances

February 26, 2016

1242

WeChat Pay goes global in search of Chinese tourist dollars

By C.Custer for TechinAsia,

The battle over the Chinese epayment market is raging fiercely now that Apple Pay and Samsung Pay have taken to the field in China. But WeChat Pay is heading in the opposite direction: the service announced yesterday that it’s launching support for overseas vendors. (more…)

China, eWallets, Fintech news, Remittances

February 25, 2016

1514

Western Union Brings Money Transfer And Its Tricky Fees To Chat Apps

By Josh Constine for Techcrunch,

Remittance has always been a shady business. Migrant workers need to send money they earn home to their families, but get hit with fine print fees so less cash comes out the other side than they might assume. Remittance companies earn extra by keeping the margin between their own made up exchange rate and the real one. (more…)

Cashless, Fintech news, Remittances

February 25, 2016

fastacash, Cellum Take Aim At Trillion Dollar Mobile Payments Market

Jointly bring expanded, omni-channel service capabilities and access to new geographies and merchants, to take advantage of global mobile payments market – forecast to hit US$1 trillion by 2017 (IDC)

 The combined reach of fastacash and Cellum spans over 200 million users across four continents – Asia, Australia, Europe and North America  (more…)

Deals, Remittances

February 24, 2016

Singapore’s fastacash and Hungary’s Cellum join hands to expand reach

‎By Anisa Menur A. Maulani for e27.com

 The combined network of fastacash and Cellum will span over 200 million users across Asia, Australia, Europe and North America (more…)

Cashless, Fintech news, Remittances

February 24, 2016

5669

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

1179

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

1076

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

9904

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

1733

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