Tagged: online wallet

Liminal Key Security Backed by $50M Insurance Policy

Liminal, a wallet operations infrastructure, recently unveiled “an additional protection for customers.” The insurance covers Liminal’s backup keys, which “serve as a fail safe to recover lost Liminal keys.” Canopius, a global specialty (re)insurer and Lloyd’s of London syndicate, “wrote the $50 million policy, which… Read More

ABN AMRO Adds Freelancer Wallet to Payday in Pilot with Younited

ABN AMRO’s (AMS: ABN) freelancer payout solution Payday is launching a new pilot in collaboration with Younited®, the widely-used platform for self-employed workers: the Payday Freelancer Wallet app. The freelance market continues “to flourish and grow,” according to an update from the ABN AMRO.  In… Read More

Bitcoin Adoption: El Salvador Government Leverages AlphaPoint to Support Chivo, the First National BTC Wallet

Chivo, which claims to be the world’s first national cryptocurrency wallet, is currently operating with AlphaPoint white label infrastructure. AlphaPoint, which offers fast, scalable financial technology to institutions internationally, is helping El Salvador to provide financial services and access to Bitcoin for almost 4.5 million… Read More

Wyre Teams Up with Rehive to Assist Businesses with Streamlining Fintech App Development

As the number of digital wallet users across the globe continues to increase, Wyre and Rehive have teamed up to make it easier and quicker for companies or businesses to launch “fully” compliant and customized Fintech apps. Together, Wyre and Rehive will aim to offer… Read More

Indonesia’s Digital Wallet OVO Is Introducing Fixed Income Product

Indonesia-based digital wallet OVO is teaming up with financial marketplace Bareksa and Bahana TCW Investment Management in order to introduce a fixed-income product. The Bahana MES Syariah Fund Kelas O is reportedly being offered only via the OVO app as part of the digital wallet’s… Read More

Touch ‘N Go Digital Wallet to Offer Prepaid Payments Card in Malaysia with Visa by Next Year

Touch ‘n Go has teamed up with Visa (NYSE: V) in order to create a prepaid card solution that is tied to its digital wallet and is expected to be available to clients next year. Touch ‘n Go Sdn Bhd (TNGSB) was incorporated in October… Read More

GCash Introduces Online Shopping Protection with Southeast Asian Insurtech Firm Igloo

Philippines’ digital wallet provider GCash has introduced an online shopping insurance option – underwritten by PGA Sompo – with Singapore-based Insurtech Igloo, in order to protect its growing online client base. As mentioned in a release shared with CI, this launch and partnership come at… Read More

Philippines based Mobile Wallet Fintech GCash Reports Steady Growth in Business

GCash, a leading mobile wallet provider in the Philippines, reports steady growth as it saw a significant rise in its number of users from 20 million in January 2020 to 46 million in June 2021, according to a release. The GCash app also had more… Read More

Touch ‘n Go Group and Principal Asset Management Introduce Shariah-Compliant E-Cash Fund in Malaysia

Touch ‘n Go Group (TNG) and Principal Asset Management revealed on August 18, 2021 that they’re introducing the Principal e-Cash Fund, which is the underlying fund for Touch ‘n Go’s GO+. This product is now Shariah-compliant, the update confirmed. TNG’s management noted that this makes… Read More

Mobile Wallet Provider GCash Partners Philippines based Fintech Ayannah to Provide Accessible Financial Services

Mobile wallet provider GCash has teamed up with Fintech firm Ayannah, a Philippines-based startup that aims to offer affordable and more accessible digital financial services. Through the partnership, the companies will be introducing GCash Padala. GCash Padala, a new remittance service, should enable GCash’s 40… Read More

Indonesian Digital Wallet Provider OVO Introduces Shariah Compliant Mutual Fund Product

Indonesia’s digital wallet provider OVO has introduced a Shariah-compliant mutual fund product, which reportedly offers a fairly low buy-in for a product of its kind (less than $1). It lets investors instantly cash out their funds in real-time. The Syariah Syailendra OVO Bareksa Tunai Likuid… Read More

CoolBitX Introduces Advanced Crypto Wallet with Expansive Digital Asset Staking Features

CoolBitX, the blockchain security firm and developers of CoolWallet, the very first bluetooth-powered hardware wallet, recently announced the release of CoolWallet Pro— which is described as an “all-in-one” crypto wallet that will provide “advanced” users increased coin support as well as “expansive” staking features. As… Read More

CBDCs: Chinese Banks Introduce Central Bank Digital Currency Hardware Prototypes for Multiple Applications

Chinese banking institutions have introduced central bank digital currency (CBDC) hardware prototypes for several different use cases. The People’s Bank of China (PBoC), the nation’s central bank, and the Industrial and Commercial Bank of China (ICBC) have introduced prototype hardware devices that aim to offer support… Read More

ICON Foundation Introduces 50,000 ICX Token or Over $1 Million Smart Contract Auditing Fund for Blockchain Platforms

The ICON Foundation has confirmed that blockchain-enabled platform ICON, one of the largest DLT initiatives in South Korea, has introduced a dedicated audit fund. The initiative has been launched in order to support the secure development for ICON’s evolving ecosystem. The ICON Foundation noted that… Read More

Ant Group and CIMB Owned Online Wallet Provider TNG Digital Is Reportedly Planning to Secure $150M to Support Expansion Efforts

TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More

Vietnam’s Digital Wallet MoMo Acquires $100 Million in Capital via Series D Round led by Goodwater, Warburg Fincus

Vietnam’s digital wallet provider MoMo reveals that it has secured $100 million in capital via its Series D funding round, which was co-led by Goodwater, a Silicon Valley-based fund, and Warburg Pincus. New investors also made contributions to MoMo’s investment round, including Kora Management and… Read More

Qatar based Fintech CWallet, which Will Offer Payroll and Remittance Payments Options, Secures $220,000 in Pre-Seed Funding

Qatar-based Fintech firm Cwallet has finalized a $220,000 pre-seed investment round from its founders and MBK Holding, the company’s CEO has confirmed. Michael Javier, who’s also Co-founder at Cwallet, noted that the Fintech company is now working cooperatively with the Qatar Central Bank (QCB) in… Read More

Two-Thirds or 68% of Indian Consumers are Now Using Digital or Mobile Banking Platforms to Settle Transactions, Instead of Cash: Report

Over two-thirds or 68% of Indian consumers are currently using digital or mobile banking platforms to settle transactions, according to a new report. The use of online banking services and contactless payments has increased significantly due to the COVID-19 crisis – which had led to… Read More

Fintech Adoption in Argentina Gets a Boost as Local Banks to Launch P2P Money Transfer App, Dimo

Banks in Argentina have reportedly launched a new peer to peer (P2P) money transfer app, called Dimo. There are around 20 local banks that have now registered with the joint venture firm Pay Digital, which will be developing and deploying Dimo, according to an update… Read More

Fintech Adoption in Pakistan on the Rise with Japan Communications and Saffran Group Committing to Investing in Local Financial Tech Initiatives

Japan Communications Inc., a company that engages in the provision of wireless data communication services via in-house software solutions, has partnered with Pakistan‘s Saffran Group, a multinational technology development company. Through the partnership, the companies will invest in financial technology projects in Pakistan via the… Read More

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