Tagged: International Transactions

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

March 30, 2020 @ 3:03 pm By Omar Faridi  |  

The Siam Commercial Bank (SCB) in Thailand will be launching its Ripple-based consumer international payments mobile app. The SCB, which is one of the country’s largest commercial banks, began using RippleNet (Ripple company’s decentralized network of financial institutions) in order to connect to major banking… Read More

March 28, 2020 @ 1:30 pm By Omar Faridi  |  

Global money transfer service provider, Western Union (NYSE: WU), has launched a new feature called, “Digital Location,” which allows users to send and receive funds from their own homes. Western Union revealed that it’s testing out the combined telephone and video service, which allows users… Read More

March 8, 2020 @ 7:10 pm By Omar Faridi  |  

Hong Kong-headquartered EMQ, a globally accessible financial settlement network, recently revealed that it’s planning to connect to Singapore’s Fast and Secure Transfers (FAST) network and also offer services in other Southeast Asian countries such as Malaysia. EMQ’s solution will allow businesses to easily make digital… Read More

March 4, 2020 @ 7:12 am By Omar Faridi  |  

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, is reportedly in the final stages of introducing its new Fintech spinout PagoFX, which will compete with leading cross-border money transfer service provider, TransferWise. Sifted reported that… Read More

March 2, 2020 @ 7:40 am By Omar Faridi  |  

RippleNet, a distributed ledger tech (DLT)-enabled gross payments settlement network, allows banks and other financial institutions to securely perform cross-border transactions.  Developed by San Francisco-based Fintech Ripple, the decentralized RippleNet platform has been used to perform international transactions since 2012. The platform’s users might soon… Read More

March 1, 2020 @ 6:10 pm By Omar Faridi  |  

Macau Pass S.A., the developer of a contactless smartcard (previously called Transmac IC Card), first launched the Transmac over 20 years back (in 1999). The card may be used to conveniently pay for bus fares, everyday shopping, and dining with many more retailers expected to… Read More

February 26, 2020 @ 10:35 am By Omar Faridi  |  

Giant money transfer service MoneyGram reportedly received a total of $11.3 million from San Francisco-based Fintech firm Ripple during the third and fourth quarters of last year. As mentioned in the recently released US Securities and Exchange (SEC) filings, the funds received by MoneyGram may… Read More

January 12, 2020 @ 6:09 pm By Omar Faridi  |  

Thailand-based Lightnet, a Stellar blockchain-enabled platform, has reportedly secured $31.2 million in funding in order to further develop its international payments service in the Southeast Asia region. The Bangkok-based company has finalized a Series A investment round that was led by established Asian financial conglomerates,… Read More

January 7, 2020 @ 9:19 am By Omar Faridi  |  

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

November 7, 2019 @ 8:12 am By Omar Faridi  |  

Vietnamese Tien Phong Commercial Joint Stock Bank (TPBank) has reportedly teamed up with American Fintech Ripple, in order to join RippleNet, a decentralized network of financial institutions and service providers that allows users to conduct quick and cheap international transactions. Notably, TP Bank was among… Read More