Tagged: remittance payments

OneFor Teams Up with Moorwand to Introduce New Remittance Service

Moorwand, a BIN sponsor and issuer that aims to transform compliance into an “enabler of innovation,” has been chosen by OneFor, a digital wallet and money transfer and payments service for the remittance market. Moorwand is offering issuing, acquiring and digital banking solutions that will… Read More

Fintech and Banking Software Firm Velmie Launches FX and Cross-Border Transfer Service in Middle East

Velmie, a Fintech and banking software service provider, has launched an FX and cross-border transfers module that is connected to providers like Currencycloud, Rapyd, and Nium. Velmie’s white-label platform is currently capable of supporting international payments and funds transfers with customized integration. Global payments and… Read More

Personal Finance Products Firm Crediverso to Effectively Serve Hispanic Consumers in the US

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

PERA Hub Teams Up with Brankas to Introduce Digital Remittance Platform in Southeast Asia

Philippines-headquartered financial services center PERA HUB has teamed up with Brankas, an Indonesia-based open API tech provider, in order to introduce a digital remittance platform, called PERA HUB Conex. As noted by its management: “PERA HUB is the country’s foremost urgent transaction center for money… Read More

Steady Fintech Investments in MENA Region Now Fueling Growth of Digital Economy: Report

Fintech investments are fueling growth in the MENA region’s digital economy as consumers increasingly begin to conduct cashless transactions, following the Coronavirus outbreak. The region’s financial technology space is also benefitting from updated regulatory guidelines that may be more conducive for growth, according to consultancy… Read More

Singapore Cross-Border Payments Fintech Thunes Partners Bank Alfalah to Enable Remittances to Pakistan

Singapore-based Thunes, a Fintech firm and an industry leader in global cross-border payments, reveals that it has teamed up with Bank Alfalah, which is one of Pakistan’s largest banking institutions. Through the partnership, the organizations aim to support real-time, cost-effective international  payments made to consumers… Read More

Fintech Sokin Introduces Subscription-based International Payments Service in the UK and Europe

Sokin has introduced its “new generation” fixed fee payment service for “cost-effective” currency exchange without any hidden fees in order to make payments “more open” and transparent, according to a release. At present, consumers are being taken advantage of “when it comes to the total… Read More

UK’s Cross-Border Payments Fintech WorldRemit Introduces Money Transfer Services in Malaysia

WorldRemit, a UK-based digital cross-border payments firm, recently introduced its money transfer services in Malaysia’s markets through its app and web-based platform. Clients are now able to send funds from Malaysia, in addition to 50 other nations including the United Kingdom and the US, to… 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

Digital Banking Fintech Revolut to Streamline Cross-Border Payments between US and Mexico with Remittance Corridor

Digital bank Revolut, which offers a financial Super App with 16 million clients globally, reveals that it has simplified cross-border transactions between the US and Mexico with the introduction of its US-Mexico remittance corridor. With this launch, Revolut clients in the US and Mexico are… Read More

BigPay Is Focused on Expanding Operations into Thailand, Following AirAsia’s Acquisition of Gojek’s Thai Division

BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million). This move has been announced ahead of AirAsia‘s plans to offer a Super app… Read More

Cross-Border Payments: Thailand’s Siam Commercial Bank and Thunes to Streamline Remittances

Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand. The cross-border… Read More

eRemit Singapore, a Digital Remittance Platform, Partners Hong Leong Assurance Singapore to Offer Migrant Worker Insurance Package

eRemit Singapore, a digital remittance service platform that’s supported by Merchantrade Asia and QALA Tech, has teamed up with Hong Leong Assurance Singapore (HLAS) in order to provide a new insurance scheme for migrant workers based in Singapore. The eRemit Singapore’s Salary Protector Scheme has… Read More

Remittance and Wallet App SendSpend Acquires E-Money Institution License from UK’s FCA

SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices. SendSpend… Read More

Remittance Payments to El Salvador can be Improved by Using Bitcoin or Other Crypto Rails Instead of Regular Money Transfers: Report

Nate Maddrey and the other researchers at Coin Metrics have shared their latest State of the Network Report. Published on June 15, 2021, the report from Coin Metrics notes that on June 9, 2021, the El Salvador Congress introduced a bill that officially made Bitcoin… Read More

El Salvador Might Make Bitcoin (BTC) Legal Tender, but Transactions with the Crypto are Too Costly and Slow

El Salvador is reportedly looking to become the first nation in the world to adopt Bitcoin (BTC) as legal tender. El Salvador’s government might introduce legislation that could potentially make it the first country to adopt BTC as legal tender, along with the US dollar…. Read More

UK Fintech Wise Introduces Remittance Payments Services in India, as Company Expands Operations with Mumbai Office

UK-based Fintech firm Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai. This move by London-headquartered Wise has come after the company began supporting Google Pay users… Read More

Instant Money Transfer Fintech Spoko.app Partners Sumsub, an ID Verification Firm

Instant money transfer Fintech Spoko.app reveals that it has teamed up with Sumsub, an ID verification firm that claims to offer bank-grade security. Through their partnership, Spoko.app will aim to enhance fraud protection and lower average user verification time down to a minute, in order… Read More

Moving Money in 2021 Should be Like Sending an E-mail – Instant, According to Nick Catino from Cross-Border Payments Fintech Wise

Nick Catino, who is responsible for Policy, Campaigns, and Regulatory Strategy at Wise (formerly TransferWise), notes that payments are the part of finance that consumers experience “most on a day-to-day basis.” Catino also mentioned that there are certain important initiatives that will help “ensure the… Read More

Southeast Asian Blockchain Startup Lightnet Partners MoneyGram to Provide Comprehensive Money Transfer Services

Blockchain startup Lightnet has teamed up with MoneyGram, a leading provider of cross-border peer to peer payments and money transfer services. MoneyGram will be integrating Lightnet’s technology with its fund transfer services so that customers can access a wide range of payout services across the… Read More

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