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.

Indeed, Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. Global financial institutions like Mastercard, UBS,DBS Bank, OCBC, Wells Fargo and Citigroup are launching (or have already launched) their innovation labs and accelerators in Singapore along with significant investments in the ecosystem. Global financial services companies have their Asian satellites operating from Singapore including AmEx, Citibank, JPMorgan Chase, HSBC and numerous other international financial organizations.

Singapore has one of the most forward-thinking governing authorities in the financial services industry internationally. To support the development of a vibrant FinTech ecosystem, MAS has taken steps to ensure Singapore’s leading position as a leading global FinTech hub: those include committing S$225 million under the Financial Sector Technology & Innovation (FSTI) scheme, the launch of the FinTech and Innovation Group (FTIG) and the FinTech Office, creation of a FinTech regulatory sandbox, a move towards an open-API architecture, the “Singapore Payment Roadmap” and the opening of the MAS’s FinTech innovation lab – the “Looking Glass @ MAS,” amongst other first of their kind initiatives.

Collective efforts of the vibrant FinTech ecosystem in Singapore, financial watchdogs, VCs and other stakeholders, ensured the leading position of Asian financial center:

  • Singapore is shaping up to become the blockchain center of world;
  • Singapore is the second hottest hub in the world;
  • Singapore has been ranked third in GFCI 19 Overall Ranking; first in GFCI 19 for APAC region and second in GFCI 19 Most Significant Centers.

Payments

Mobile Credit Payment (MC Payment) is a technology platform that provides transaction solutions for online payment, mobile payment, in-store payment, digital payment, etc. Mobile Credit Payment partners Acquiring Banks, Payment Service Providers/ISO to offer merchants a secure PCI Compliant, international payment processing platform enhanced with innovative technology. It provides customers with global transaction currencies and regional card settlement currencies, a high-end reporting interface and risk management solution.

PaySec is a Payment Solution Provider (PSP) providing debit card payment processing for merchants. The company provides payment gateways enabling merchants to accept debit card payments in the Asian markets. PaySec processes payments from China, Thailand and Indonesia and plans to expand into Vietnam and throughout Asia.

Yololite, the mobile app and prepaid card from YoloPay, allows the user to manage and share family spend from his/her phone. The wallet/card can be reloaded via the app using Mastercard or VISA.

Fibonacci Global Payment Services concentrates on developing unique financial services solutions for corporates, institutions and individuals with the goal of streamlining the process and saving money. Fibonacci offers two solutions for corporate clients.

GoSwiff is the leading provider of mobile payment platforms and marketing solutions. The company offers an integrated mobile commerce platform for mobile and in-store payment acceptance and integrated value-added services supporting the growing demand and engagement in all markets.

Cardable helps its users get better deals from their credit/membership/loyalty cards by consolidating and displaying the promotions relevant to them.

Numoni develops and sells cash-transaction terminals that facilitate e-transactions to the underbanked community. The company offers front-end devices, such as self-service kiosks and mobile/smartphone applications for dealers on the move; and back-end systems, which include a web-based support application to the core system for dealers to view their profiles.

Xfers is a payment gateway that makes it easy for anyone with an online bank account to collect payments and make payouts automatically.

SmartPesa is a specialist payments technology provider that aims to solve the last mile problem for financial institutions in emerging markets. SmartPesa directly addresses the dual needs of financial inclusion and cash reduction whilst eliminating the need for costly/risky changes to banks’ proven systems. SmartPesa is deployed on-premises with full legal/regulatory compliances and industry leading security systems and fully integrates with any financial switch.

Mobikon helps brands build a detailed customer profile, integrating across all channels of interactions. Over 200 brands spanning 1500+ outlets in 9 countries use Mobikon’s platform, modules and engagement tools to interact with customers.

BillPay is a free unified billing and payment service that makes billing and payment experiences convenient an environment-friendly. Companies or Customers can send and receive bills on the BillPay platform. The platform consolidates all bills onto a single platform giving ubiquitous access to consumers.

Codapay is an alternative payment gateway that enables merchants to accept payments from cardless customers in Southeast Asia. It provides multiple payment channels such as direct carrier billing, bank transfers, cash payments and physical vouchers. Coda operates Codashop, a digital distribution platform for digital gift codes.

Kashmi is an Asian peer-2-peer mobile payment solution operating through a free, unrestricted network, with embedded social media functionality. Kashmi users utilize the platform as their primary bank account; where users are able to manage their finances, send/receive money to friends or service providers, save, invest (stocks, etc.) and take loans.

Fastacash is a global enabler of payments along with digital content (photos, videos, audio, messages) through social networks and messaging platforms.

2C2P provides payment solutions satisfying the needs of financial institutions, e-commerce and m-commerce merchants and consumers in Asia.

Lending/Crowdfunding

Toucan is a mobile shopping wallet that lets people to shop online on credit who don’t have credit cards. Users can create their account and starts shopping from the Toucan Wallet.

FundRevo is a lending marketplace for business loans. The business applies on the platform for loan, post which the platform conducts due diligence on the business. After the diligence process, the borrowers get pre-funding commitments from the funding partners of Fundrevo.

Gostartem is a crowdfunding platform based out of Singapore. The platform enables equity, rewards and donation-based crowdfunding. It supports only Asia-based projects.

LenderExchange is a community built by a group of business executives and lending professionals. The site is designed to provide transparent and efficient collaboration between borrowers and commercial Lenders, asset-based lenders, commercial finance, mezzanine and leasing providers.

BizGrow is a Singapore-based direct lender that offers loans to SMEs.

Turnkey Lender is online lending software with credit application processing and loan management for payday lenders, microfinance, online lending businesses. It helps lenders with a credit scoring system, an all-in-one platform and uses automation to filter out the unnecessary or risky propositions.

Funding Societies is an online platform for SMEs to acquire loans to fuel their growth and for investors to crowd-lend the SME loans and earn returns.

EthisCrowd also was known as ClubEthis, is an Islamic crowdfunding platform for real estate. The company focuses on providing bridge finance to real estate projects for social impact real estate developments.

CoAssets is a crowdfunding platform for real estate developers and fundraisers to connect with investors on exclusive and undervalued investment opportunities. CoAssets helps individual fundraisers to reach out to a bigger group of investors, across different nationalities.

WeFinance is a crowdlending platform that matches people with or seeking loans to people with savings and helps them lend money to each other easily at an interest rate where both benefit.

Simplygiving is an online platform to raise funds and donations for nonprofits. Founded in 2010, the company provides any user to create a fundraiser for a cause or nonprofit from the crowd or the charity partners.

Onelyst is the leading financial comparison site for alternative finance. Consumers can easily compare and select loan offers from licensed moneylenders. This free and independent comparison site allow consumers to get the best loan offers.

The Asia Investor is an online fundraising platform for SMEs based out of Singapore. Private investors and institutional investors can register themselves in the portal as investors and start fundraising and investing.

ApexPeak is an emerging market focused working capital provider headquartered in Singapore. ApexPeak deals directly with businesses as well as those transacting on electronic invoicing networks. The simple and innovative approach of ApexPeak helps ease the cash flow problems faced by most business owners today by offering them early payments on their invoices.

FundedHere is a crowdfunding platform that connects startups with investors to raise funds in exchange for equity stakes or via tenured loans. FundedHere allows registered investors to invest from as low as US$3,700 each in companies based in Singapore, China, Indonesia, Vietnam and the Philippines.

Kyepot, a mobile platform, offers users with social financial services, including community-based saving, lending, and borrowing facilities. Users can find a group or create a group and carry out their financial transactions. They can perform real-time, automated payments over the web and mobile platforms.

MoolahSense is a web-based crowd-lending platform. It cultivates entrepreneurship by empowering businesses and investors with a trusted and vibrant crowd-lending platform.

Capital Match is an online P2P lending marketplace for SMEs based in Singapore and Southeast Asia. It provides SMEs with affordable working capital from professional investors.

Investments

Traderwave is a fully web-based stock portfolio and technical analysis web application that helps retail stock traders/investors analyze, discover, track and be alerted to trading ideas.

Smartly is a Singapore-based robo-advisor. It provides users with a customized globally diversified investment portfolio of exchange-traded funds based on goals initially stipulated. Users can start investing from just $50.

Bambu is a B2B Robo Advisor based in Singapore that provides digital wealth services. Their white-label solutions are available for retail, affluent and private banking segments. Their Robo-in-a-Box offering is available through their DriveWealth partnership.

FUNDNEL is a crowdfunding online platform. This platform connects to private businesses, investors, and professionals. It offers unlisted securities in growth and pre-IPO stage companies across industries to a qualified network of investors.

Stockflock provides a platform for investors to invest online. The company compares various investment products to make better investment decisions. The investment platform uses IBM-Watson technology to personalize its search function and the information provided to customers.

GoInvest is an automated and electronic investment advisory solution that manages investments, provides users with a curated portfolio based on the user’s risk tolerance, investment horizon, and investible funds. Users can choose the amount they want to invest and access their portfolio anytime. Apart from this, Goinvest also monitors user investments and provides weekly summaries and a quarterly performance report.

Spiking is a real-time social trading platform for investors in a stock market. The company provides a social trading platform, in-house applications and optimized cloud-based mobile solutions.

Banking Technology

FRANK was launched by OCBC to specifically target the Gen Y segment. It offers various banking products and services such as FRANK checking account, customized debit and credit cards, student loans, investor programs, etc. via online and mobile service channels. They also have launched limited retail branches that mimic the retail experiences of the Gen Y segment.

Bancly works on digital and mobile banking projects and helps the C-Suite of banks drive up performance. They are responsible for conceptualization and execution of complex, multi-year, bank-wide digital transformation and innovation programs spanning geographies in Asia and the Middle East.

Interblocks is a provider of integrated, electronic payment processing solutions that empower Banks & Financial Service Providers across global markets to provide their customers with personalized financial service experiences by changing the way financial transactions are conducted today. It utilizes its key iSuite platform to drive a broad range of solutions in Service Delivery, Payments, Cards, Virtual Banking and Mobile Commerce.

Moneythor develops banking software components designed to provide better digital banking. It provides a white-labeled solution to help financial institutions deliver contextual recommendations & insights to their customers within their existing online & mobile banking applications. The Moneythor solution also includes an engine to augment, classify and analyze transaction data in order to generate better insights for the bank and its customers.

Tagit is an Enterprise Application Platform company providing mobile banking and commerce solutions to Financial Institutions, Enterprises and Network Switch Operators.

Security/Fraud/Authentication

Jewel Paymentech develops intelligent risk technologies for the banking and electronic payments industry. They have since released their first product, One Sentry™ – the industry’s first proactive and automated tool that allows payment card acquiring banks and payment facilitators to effectively manage their merchant’s brand, fraud, credit and data security risk profile.

Fundsupermart is the distribution arm of iFAST Financial Pte Ltd. The company provides security solutions on its transactional platform for Singapore Government Securities (SGS) bonds.

Keychain provides a decentralized authentication platform that allows clients to solve concrete business problems related to authentication and access control in a way that enhances and integrates cleanly into existing systems and processes.

CashShield is an automated payment fraud protection engine, which uses machine learning, big data and many other technologies like Fingerprint Device Reputation, IP Geolocation, E-Identity Profiling, Risk Trend Detection and Risk Profile Assessment to provide real-time automated fraud protection solutions, with 100% chargeback guarantee.

Sixscape Communications is an infosecurity firm focused on simplifying digital certificate infrastructure and enabling seamless secure messaging and End2End direct communications for users and organizations to truly secure their communications via two Internet protocols – Identity Registration Protocol (IRP) and SixChat protocol.

Blockchain/Cryptocurrency

Acronis sets the standard for hybrid cloud data protection through its backup, disaster recovery, and secure file sync and share solutions. Powered by the Acronis AnyData Engine, Acronis delivers easy, complete and affordable data protection of all files, applications and operating systems across any environment – virtual, physical, cloud and mobile.

AgriLedger is a mobile application using distributed crypto ledger technology to provide farmers and cooperatives a way for secure record keeping. The app can help farmers plan distribution, prevent waste and know where the market is for their goods.

Attores is a distributed app platform which provides Blockchain-Smart-Contracts-as-a-Service. Smart contracts are computer protocols that enforce the terms or performances of a given financial agreement.

Luno provides wallets for people to securely store their bitcoin, exchanges for people to buy and sell bitcoin, and merchant integration so that businesses can accept bitcoin.

Blockchain Foundry allows organizations in Asia to swiftly design, deploy and operate distributed ledgers. Startups and enterprises can also test-drive and build atop select pre-deployed blockchain applications. From a digital asset exchange to distributed content storage, organizations can experience the potential of blockchain technology first hand before taking the plunge with their own experiments.

CoinGecko is a data visualization and analytics company that collects all the data required to quantitatively and qualitatively rank the potential of an altcoin. The company also benchmarks the coins based on a proprietary algorithm to determine how valuable a coin is compared to its peers.

CoinHako is a bitcoin wallet service for consumers to buy, sell and secure their bitcoins. Originally founded in Silicon Valley, the company is based in Singapore as its goal is to serve Asia.

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper and faster payments to vendors, suppliers and remote workers.

Coinut offers exchange-traded bitcoin options for users to make a profit or hedge risk in both bullish or bearish markets. Coinut exchange is owned by COINUT Pte. Ltd., a Singapore company, backed by BoostVC and Bitmain.

Digital Billions is a technology company that helps corporations rocket ahead, innovate and be competitive. It has four arms: blockchain technology, venture capital investment, digital marketing and consulting. The company offers a range of products and solutions for solving trade finance, digital identities including KYC, digital wallets, digital signatures, asset exchanges and data integrity.

DigixGlobal has developed a system of proving asset existence and ownership on the blockchain. Every step of the way, records of proof are published permanently using Ethereum and IPFS.

Dragonfly Fintech is a Singapore-incorporated blockchain platform solution provider for a financial ecosystem, including for the payment, clearing, and settlement sector. The founder is Lon Wong, a serial technopreneur, and inventor of a patent-pending FinTech business method. Lon Wong is a core team member of the open source NEM blockchain technology project initiative.

DX Markets integrates blockchain technology into enterprise-based financial processes, increasing efficiency and reducing costs. The company supports the finance function to embed disruptive technology into its business cycle, increasing operating margins and generating new revenue streams.

GoCoin is a full-service payment processing provider. The company’s main focus is bitcoin processing, but it is constantly looking for new currencies or payment methods and integrates them without any hassle for participating merchants. GoCoin lets customers pay with the currencies they want to use, and pay out their merchants in the currencies they use to pay their bills.

KYC-chain is a novel platform built over the convenience and security of blockchain and smart contracts technology, allowing banks and financial institutions to manage KYC data in a reliable and easy manner. KYC-Chain provides consensus on the identity of individuals at the highest level of trust, bringing a new level of ease and simplicity to the process of onboarding new customers for businesses and financial institutions while securing the verification of compliance standards.

Magnr (former BTC.sx) is offering bitcoin saving accounts with an interest rate. Magnr Savings accounts are a unique investment product. The blockchain public ledger is used to calculate daily interest and allows savers to independently and publicly verify deposited funds. Simply deposit your bitcoin to earn daily interest without any daily management and fees. Magnr Trading clients pay interest to borrow bitcoins for short term positions. As a result of this, the company is able to provide interest earnings to savers.

Nickel is a blockchain-powered mobile remittance app that enables migrants workers to send money to their family members. Using the mobile app, Nickel is working to build a system to help the region’s SMEs facilitate foreign exchange payments efficiently and at a low FX rate.

OTDocs reduces errors, bottlenecks and fraud risks in trade finance by creating digital, non-repudiable, original documents, and complementing paper originals with unique digital copies. Both digital-paper and paper-digital pairs have full lifecycle and audit trail. By using private blockchains, participants remain in control of all data and access rights instead of relying on a third party.

Otonomos is a platform to maintain a blockchain-chartered company, in which to hold the shares in the same way as owning bitcoins in a digital wallet. It makes the company shares to be coded onto the blockchain and transferable with the same ease as making a bitcoin payment.

Quantified Assets is a Singapore-based private investment company offering tailored education and services for saving and trading in physical precious metals and cryptocurrencies like bitcoin. Among some of the platforms the company has in Singapore are bitcoin brokerage, bitcoin ATM, bitcoin bill payment platform, blockchain solutions, bitcoin POS, etc.

REIDAO is a real estate investment DAO. Based on the DAO model, real estates can be put up for sale in the form of DAO tokens, where token owners will vote on strategic issues regarding the real estate. With the rising prices of real estates, it limits the ability of individual investor with a limited fund to invest in a real estate. The company aims to solve this and opens up the market to everyone with the interest of investing in real estates. Participants are promised to be able to own a piece of real estate ownership with as little as $150.

Ripple Singapore is a Ripple gateway that uses the Ripple network to acquire, store and convert precious metals into any currency.

Tembusu Systems Pte Ltd. develops TRUST framework that is a high-tech global infrastructure that lets verified individuals transfer and manage assets instantly and securely. The company offers TRUST, a distributed blockchain technology for exchange and personal asset management that allows people to use it for various purposes, including a cryptocurrency, a shopper rewards program, an in-game economy, and anything that needs a record-keeping system. It provides its solution for businesses, governments, and people.

InsurTech

Latize focuses on business intelligence, data management and Big Data. The Ulysses platform address a wide range of data management use cases.

MyDoc provides a digital health tool that makes management of healthcare simpler. It provides an access point to the personal healthcare network consisting of doctors, pharmacies, insurers and lab data.

Inzsure provides on-demand corporate insurance solutions. It provides a change in the provision of insurance services for corporations. Blockchain, ethereum & smart contracts integrated to provide a step change in security, transparency & speed of delivery for insurance solutions.

Fitsense is a data analytics platform working with insurance companies to reduce insurance premiums for anyone with a smartphone or wearable. FitSense enables Health & Life insurers to personalize products and services by using the app and device data.

Pacific Prime Singapore is a brand of Pacific Prime, an insurance quote provider for locals and expats. The company offers medical insurance plans & advisory services for individuals, family and senior citizens.

Uex is a mobile health insurance platform that allows users to subscribe & manage their insurance policy. Users can customize their insurance policy and share it on their social profiles.

SingSaver is a part of CompareAsiaGroup. SingSaver is an online tool that allows users to compare the prices of financial listing products such as personal loans and credit cards. The portal helps users to save time and money by providing all the relevant information at a single place.

Insbee is P2P insurance platform for the motor industry. The platform improves risk segmentation for insurers and lower distribution cost which helps to drive down insurance premium for responsible drivers in the long run.

PolicyPal is a digital insurance manager which aims to make the process of buying and managing insurance simple. The portal allows consumers to manage their insurance policies online and notifies it.

DirectAsia is an online insurance portal that allows the users to buy an alternative insurance. Through the portal customers can also control costs by selecting only the features they need. The company offers insurance in car, motorcycle and travel insurance and it facilitates online claims through its platform.

Connexions Asia (CXA) is an insurance and wellness marketplace that helps companies transform their current healthcare spend into personalized benefits and wellness programs. The company administers tracks and analyze data from health screenings, lifestyle risks, and hospital & clinic to improve workforce health, reduce claims costs and absenteeism.

GoBear is an online comparison portal that provides various products of insurance and finance. It offers consumers a free and transparent comparison process-based on their financial needs.

RegTech

Cynopsis Solutions Pte. Ltd. is a Singapore-based technology solution provider that helps in reducing the cost of doing business in a highly regulated environment for the financial and professional services industries. They focus on three key areas: Governance, Risk & Compliance; Investment Analysis & Portfolio Management; Big Data Analytics.

Credolab provides subscription based tools and value-added services that enable consumer lenders to reduce the cost of risk, increase operational efficiency, and enhance profitability using big data and traditional datasets. It offers value-added services in the areas of retail risk management consulting, risk-based pricing, custom scorecard development, and data mining. It has operations in the South-East Asian region.

Inpendium is a payment management service provider for e-commerce merchants. The company offers a multichannel connectivity to card acquirers and an alternative payment option. It also provides different financial services such as risk management & fraud screening, real-time reporting and reconciliation of the failed payments.

Tookitaki is building an intelligent decision support system (DSS) to help businesses take smarter decisions. Built on an effective AI system, Tookitaki’s DSS intends to transform the way organizations do predictive modeling – it creates one-off solutions by offering production-ready, automated predictive modeling. Clients can call the company’s REST API for live feedback and take actions accordingly.

Datarama provides a RegTech platform through for collecting information source for complex risk profiling and due diligence in emerging markets. This platform combines advanced data-mining and artificial intelligence with human analysis to streamline the traditional risk-consulting model, making compliance checks cheaper and faster.

Finchat offers a web-based and mobile-based compliance monitoring and archiving software tools for messaging in regulated industries for instance financial institutions. This allows employees to engage clients through client’s favorite messaging apps (WhatsApp, WeChat, LINE, Skype and more) while staying audit-compliant. As of November 2016, the product is in stealth mode.

Big Data/Analytics/AI

AIDA Technologies focuses on AI based predictive analytics and intelligent systems. Through its AI-driven Analytics, AIDA provides solutions that solve the key challenge of augmenting human experts ability to make decisions based on large amounts of heterogeneous information.

Zpx uses a machine learning algorithm which provides a data analytics platform for private and secondary market investors based out of Singapore. The company matches buyers and sellers across the globe investors across Asia and the Middle East.

Crayon Data engages in the process of building a business and technology platform that democratizes the use of big data for the average business and consumer. It offers Simpler Choices Engine to help consumers and businesses make better-informed and smarter decisions to go from providing more choice to fewer choices; and One Drop Analytics to boost B2B sales, and marketing intelligence and demand generation by providing integrated insights on companies and markets.

PlusMargin is a predictive marketing platform that helps e-commerce merchants increase their conversions and average order value.

Aureus Analytics is predictive analytics and big data ready platforms for insurance companies and banks.f

Nugit is a subscription-based (SaaS) self-service, fully automated reporting solution. They provide automated aggregation and presentation of marketing data for online channels such as Search, Social and Display Media.

Einsights is an analytics company which helps enterprises make decisions based on the insights it gets from data by the means of artificial intelligence and natural machine learning.

DatastreamX is the online marketplace for real-time data streams, including those from IoT, M2M and Big Data applications. They provide a platform to enterprises to generate revenue by selling the data they generate.

Antuit is a big data analytics firm which offers service in Supply Chain and Sales & Marketing. It uses big data technology to provide customer and market insights, marketing spends optimizations, personalized campaigns, network design, inventory optimization, sales and operation planning and demand forecasting.

DANATEQ is a real-time analytic-based campaign management solution in telecom, banking, media, airlines, retail and energy sector. In July 2014, the company has introduced DanaTeq LINK to enable enterprises. It can evaluate and study consumer algorithms to create business models.

Tuple Technologies is a data science platform which uses big data to connect automatically to different sources and solve any analytics problem in a plug-&-play manner.

Inncee is a data analytics platform which helps to simplify the data from e-commerce companies to derive insights from it.

Active AI provides a SaaS platform that uses artificial intelligence technology to improve the customer engagement solutions for banks, wealth institutions and financial companies. Clients would be provided with chatbots and virtual assistants that use cognitive technology such as AI, NLP and machine learning.

MyFinB specializes in financial analytics using proprietary artificial intelligence (AI) technology allowing businesses to create their own credit analytics bureau within their organizations.

EnjoyCompare is an online platform to compare different financial products such as loans, credit cards and insurances. It has added the feature of comparing the broadband plans also.

Remittances/Currency Exchange

TranSwap is a P2P currency exchange platform that matches FX needs of users with other users at the mid-market exchange rate. The money is transferred to the segregated account of TranSwap, the currency exchange of the users are matched accordingly.

4xLabs is a FinTech company that provides foreign currency exchange solutions. The company builds Web tools and mobile apps for travelers providing a solution for forex. The company also provides APIs and software platforms for money changers.

ZhongGuo Remittance is a money transfer service provider from Singapore to China. The service is extended by offline outlets wherein the sender can visit, fill in the necessary forms and transfer money to the beneficiary either directly to his bank account or through a cash withdrawal option.

Creatella is a mobile first C2C marketplace for currency exchanges with other peers in cash. In the app user has to enter the currency they want to exchange and it will show people near consumer who can exchange with the opposite currencies.

Chynge is money exchange service provider. The company provides a mobile-based platform for transferring money/currencies across the country. It allows the users to exchange their currencies with another one depending on their needs and its volume. Currency can be selected based on the country whenever and wherever a user wants it to do so.

Onepip is an online money transfer service provider for consumers and businesses. Users can send money to Onepip’s bank which is further routed through bank partnerships.

First appeared at LTP