Tagged: remittance

U.S. Neobank Unifimoney Teams Up With Nium to Provide International Remittance Capability

Nium, a global fintech infrastructure platform, announced on Tuesday it has formed a partnership with U.S. neobank Unifimoney to enhance the outbound money transfer experience for Unifimoney users. Nium further revealed that the collaboration will expand Unifimoney’s capabilities, as well as introduce real-time global payment… Read More

Asian Countries like India, Indonesia, Vietnam, Thailand have One of the Fastest-Growing Digital Asset Markets: Report

Cryptocurrency and blockchain technology adoption continues to rise, with banks, institutional investors, and everyday consumers now using these platforms to engage in everyday transactions or to implement various business use cases. According to Chainalysis, the “patterns of cryptocurrency usage” vary widely across the globe. The… Read More

South Korean WireBarley Secures $10 Million Through Series B Funding Round

WireBarley, a South Korean fintech focused on global remittance services, announced on Thursday it secured $10 million through its Series B funding round from  Magna Investment, Shinsegae I&C, and Dt & Investment. WireBarley describes itself as a money transfer startup that provides fully contactless financial… Read More

Cross-Border Payments Remain Inefficient with $48 Billion Lost in Fees Each Year, but Bitcoin (BTC) Might Solve Problem, According to OpenNode

Bitcoin (BTC), the world’s leading cryptocurrency, could potentially solve the global remittances problem, according to OpenNode, which focuses on supporting payments for businesses throughout the world. As explained by the OpenNode team, they aim to “empower” consumers and connect the world via “trusted” digital payment… Read More

Fintech Ripple Is Focused on Making Digital Payments as Easy as Sending Emails with Pay ID, According to Company Executive

Emi Yoshikawa, Head of Global Operations at American Fintech firm Ripple, notes that when sending an email, she doesn’t really think about which country the person or recipient of the message is living in at the moment. Yoshikawa points out that she also doesn’t have… Read More

Malaysian Fintech Valyou Introduces Blockchain based Remittance Service for Bangladeshi Workers Sending Money Back Home

Malaysia-based Fintech Valyou, a digital remittance payments service provider, has introduced a blockchain-enabled remittance solution in Bangladesh through a partnership with Standard Chartered and bKash, a mobile financial service provider. The distributed ledger tech (DLT)-powered platform will enable instant money transfers from Malaysia to Bangladesh…. Read More

Global ID Verification Provider, Onfido, to Offer Authentication Services to Malaysia’s MyCash Money

Onfido, a global ID verification provider, will be offering its user authentication services to Malaysia’s MyCash Money. Onfido has also been providing similar services to other Fintech firms in the region, including BigPay and MoneyMatch. MyCash Money is a digital marketplace that’s focused on serving… Read More

Digital Bank Revolut Introduces Services in Japan, Claims it Signed Up 10,000 Locals, After Acquiring License in 2018

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More

WorldRemit Announces Acquisition of App-Based Remittance Company Sendwave

Global cross-border payments company WorldRemit announced on Tuesday it has agreed to acquire Sendwave, an app-based remittance company. According to WorldRemit, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, which is its… Read More

World Bank: Global Remittances Tank as COVID-19 Hammers Transfers

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

Ripple Announces New Partnership With European Digital Money Transfer Service Azimo to Use Remittance Capabilities in The Philippines

Ripple, a provider of enterprise blockchain solutions for payments, announced on Wednesday it has formed a new partnership with European digital money transfer service, Azimo. According to Ripple, Azimo has launched with Ripple’s On-Demand Liquidity (ODL) service as part of its remittance capabilities in The… Read More

Online Money Transfer Service Remitly Joins Forces With Alipay to Offer International Remittances

Remitly, a U.S.-based online money transfer service, announced on Monday it has teamed up with Alipay to enable Remitly customers to send money from their smartphone or computer, and for funds to be received within the Alipay app. The company is claiming to be the… Read More

WorldRemit Announces New Global Remittance Partnership With Alipay

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has formed a new global remittance partnership with Alipay. According to WorldRemit, the collaboration will enable consumers to use the WorldRemit app or website for cross-border remittances to the Alipay… Read More

Cathio Announces Memorandum Of Understanding With Peru-Based Fintech Currency Exchange Platform Kambista

Cathio Inc. (Cathio), an organization that was founded specifically to reform the transfer of money and resources in the Catholic economy by applying technology to offer an easy-to-use payment solution that responds to the needs of the Catholic community, nonprofits and institutions, announced on Wednesday… Read More

Update: TransferGo Surpasses €11.2 Million on Seedrs

London-based fintech TransferGo has successfully secured its initial €11.1 million funding target through its equity crowdfunding campaign on Seedrs. The round, which was launched at the end of October, sought to originally raise €11.5 million but has since changed the round’s minimum goal to €11.1. As previously… Read More

TransferGo Nears €11,5M Seedrs Campaign Goal: Poised for International Expansion

Last month TransferGo launched its crowdfunding campaign to give its customers an opportunity to be a part of the fintecher’s journey: “We received a lot of organic demand for [crowdfunding] and this is the perfect timing,” TransferGo Founder and CEO Daumantas Dvilinskas shared with Crowdfund Insider… Read More

TransferGo Now Seeking €11.5 Million Through Seedrs Crowdfunding Round

London-based fintech TransferGo is now seeking €11.5 million through a funding round on equity crowdfunding platform Seedrs.   As previously reported, TransferGo currently offers transfers between nearly 50 countries and recently claimed to be the first remittance company to offer a cryptocurrency trading facility with customers… Read More

Fintech TransferGo Claims First Remittance Platform to Incorporate Cryptocurrency Trading

TransferGo has added cryptocurrency trading to its platform succumbing to user demand.  The London based Fintech says it is the first remittance company in the world to offer a cryptocurrency trading facility. TransferGo is starting with executing trades of Bitcoin, Bitcoin Cash, Ethereum, Ripple and… Read More

Techstars Alum SimbaPay Launches Pan-Africa Remittances AI Chatbot

SimbaPay, a London-based digital money transfer provider, announced last week it has launched an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. According to SimbaPay, the new chatbot will also enable 24/7 instant customer service for… Read More

TransferWise Goes Big. Sets up Office in Singapore for Asian Expansion & Global Domination

Singapore at Night Marina Bay

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

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