Tagged: currency exchange

Hong Kong and Thailand to Launch Cross-Border Digital Payment Systems

Hong Kong and Thailand aims to revolutionize the way travelers handle currency exchange with the launch of interoperable digital payment systems. From December 4, residents from both regions will be able to make transactions using their local digital payment platforms, thanks to a landmark agreement… Read More

Fintech Platform Freemarket Acquires Growth Capital Investment from Baird Capital

Freemarket, a Fintech platform for regulated B2B cross-border payments and currency exchange, announced a growth capital investment from Baird Capital’s Global Private Equity Fund. The investment supports Freemarket’s “continuing fast growth and international expansion, as well as providing a partial cash-out to existing shareholders. Financial… Read More

Wirecard Issues Multi-Currency Visa Card For Currency Exchange United Money

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has partnered with Chinese currency exchanger United Money to issue a multi-currency Visa card.  Wirecard reported that the card, Travel Cashcard, is an ideal alternative to traveler’s checks and cash. The card is notably… Read More

People’s Bank of China Committee Investigates Fintech’s Impact & Influence

The People’s Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight, according to a release. China has emerged as a… Read More

UK Fintech Startup WeSwap to Crowdfund to Finance Currency Exchange Community

This week, UK-based fintech startup, WeSwap, announced plans to launch an equity crowdfunding campaign after raising $6.5 million in seed funding from Ascot Capital Partners, EC1 Capital and existing investors IW Capital. WeSwap, which was founded in 2011 and opened to the community in 2013,… Read More