Remittance

Backed by Tencent’s Co-Founder, Koku Eyes Indonesian Expansion

Singapore based fintech KOKU has announced its plans to expand into Indonesia.  Its regional expansion follows their successful US$2 million pre-series A funding round earlier this year, which was led by Decent Capital, an investment firm started by Tencent Co-Founder

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UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a

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4xLabs’ New Platform Lets You Compare Prices of Overseas Money Transfer Services

Following the launch of Get4x, a price discovery platform for currency exchange, a Singapore-based fintech named 4xLabs has just launched a comparison platform which puts different money transfer solutions neck and neck to help users select cheaper or quicker transfers—particularly

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RCBC Waiting on Regulator Approval for Its Stablecoin on IBM’s Blockchain

RCBC Bank is currently awaiting regulatory approval to issue its own Philippine Peso-backed cryptocurrency on the newly announced IBM Blockchain World Wire, a real-time global payments network created for regulated financial institutions. RCBC Bank sees this as an opportunity to

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Singapore and Canada Successfully Trials Cross Border Payments with Central Bank Backed Digital Currency

There’s a growing number of central banks taking a serious look at blockchain and distributed ledger technologies of late. The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments

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The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers

Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent

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Sending Money Home to Myanmar Can Be Cheaper and Less Illegal with Blockchain

The central bank governors in both Thailand and Myanmar has just granted their blessing to the KTB Shewbank, a remittance project that uses blockchain to help reduce costs for Myanmarians in Thailand looking to send money back home to their

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Philippines’ Cryptocurrency Enabled Wallet Can Now Accept Western Union Transfers

Blockchain-based financial services company Coins.ph and  Western Union have teamed up to allow the fintech startup’s five million customers receive international and domestic money transfers directly into their mobile wallets in the Philippines. The collaboration was announced following news of

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Tencent Co-Founder Backs Singaporean Fintech Startup to the Tune of SG$2.7 Mil

Koku is a foreign exchange fintech that is based in Singapore. And it just raised US$2 million (approximately SG$2.7 million) in a Pre-Series A funding round led by Jason Zeng, co-founder of Tencent Holdings. Jason is also the founder of China-based

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InstaReM Closes Series C Round, Bringing its Total Funding to US$ 59 Million

Singapore-based InstaReM, a digital cross-border payments company, announced the close of a US$41 million Series C funding round. The company pulled in an additional US$20 million round led by Singapore-based Vertex Growth Fund (VGF), supported by first-time investor Atinum Investment,

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