Tagged: remittances

UniTeller, a Remittance Payments Provider, Extends Services to APAC Clients with Assistance from Tranglo

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

Stellar Development Foundation Reveals that Flutterwave has Introduced New Remittance Corridors

The Stellar Development Foundation (SDF) reveals that Flutterwave, an international payments tech firm, has introduced new remittance corridors between Europe and the MENA region on the Stellar network. Working with TEMPO, Flutterwave is focused on leveraging the Stellar network and Stellar USDC to simplify the… Read More

Al Ansari Exchange Leverages RippleNet Cloud to Streamline Cross-Border Remittance Payments to Malaysia with MoneyMatch

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

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

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

Pakistan Software Houses Association Says IT Firms Should be Able to Spend Export Earnings to Pay for Foreign Digital Service Providers

The Pakistan Software Houses Association had recommended to the State Bank of Pakistan (SBP) that IT firms should be permitted to use 20% of their export earnings to pay for foreign consultants, digital service providers, vendors (among other requirements) in order to conduct operations and… 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

Digital Transformation: Microsoft Azure Cloud Platform to be Used by Canadian Imperial Bank of Commerce

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… 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

Pipit, Cellulant Deal to Lower African Remittance Rates

A new partnership announced this week between Pipit Global and Cellulant promises to provide Africans living abroad with a cheaper option to send money back home. The agreement allows people in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana to transact on Pipit Global at… Read More

Digital Cross-Border Remittance Growth Expected

Digital cross-border remittances are set to increase by 133 billion over the next five years, a new report from Juniper Research reveals. Digital Money Transfer & Remittances: Vendor Strategies, Opportunities and Market Forecasts 2021-2025 Market Research suggests growth will foster competition as players seek to… 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

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

Send this to a friend