Remittance

FlexM Raised SGD 1.25 Million – Complete Mobile Solution For Financial Inclusion, Remittance and Electronic Payroll In Southeast Asia

With a mission to bank the unbanked and under-banked populations, the fintech company FlexM has successfully raised first round seed funding of SGD 1.25 Million. FlexM is quickly addressing the salary, payment and remittance needs of migrant and foreign domestic

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Florin Awards Asia 2016 Announces Winners of Startup Competition

The Florin Awards, a startup competition by the Global Payment Summit conference, has announced the four winning startups for the year 2016. This time, there were two Florins to be won in “jury votes” and “community votes” in two categories:

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6 Remittance Startups in Southeast Asia to Know

Remittances can contribute to a big chuck of the GDP of a country, notably in emerging markets. The World Bank estimates that migrants will send up to US$636 billion home in 2017, with three quarter of that amount being remitted

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SBI Ripple Asia Announces Japanese Bank Consortium

SBI Holdings and its subsidiary SBI Ripple Asia have decided to launch a consortium. SBI Ripple Asia is a provider in Asia of next-generation settlement platforms based on distributed financial technology. The consortium will be called the Consortium for Considering

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TransferWise Begins Money Transfer Service To Vietnam

TransferWise, one of the UK’s hottest fintech unicorns, has begun serving the Vietnamese market, only supporting inbound money transfers (for now?). Transfers to Vietnam have gone live yesterday and are being charged 1.5% per transaction, or 95,000 VND for transfers

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Infographic: The Cross-Border Payments Journey

When we do international money transfer, fee can be a problem, not to mentioned all the hassle that can happen when we do an international transaction. Cross-border payments can be uncertain and expensive. Ripple, Singapore’s first major gateway had made a fintech infographic about

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Customers Willing to Shift to Mobile Money for International Transfers

Mobile international money transfer services have significant potential to gain traction and market share as 92% of consumers are willing to ditch traditional money transmitter services for a mobile method, according to a new survey. Entitled ‘Mobile Financial Services Consumer

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Cambodia Fintech: Leveraging Technology to Bank to Unbanked

With only 27% of Southeast Asia’s 600 million population having bank accounts, the region represents an untapped opportunity for fintech companies, in Cambodia these ventures that are leveraging technology to provide more efficient and cheaper banking and financial services. In

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Fintech Money Transfer Startups Eye Vietnamese Remittance Market

Vietnam currently stands as one of the top ten remittance recipient countries in the world. In 2014, more than US$12 billion have been remitted to the country, making it the 9th largest remittance recipient, according to a World Bank report.

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Bitrefill Let You Top-Up Your Prepaid Mobile Phone With Bitcoins

Available in 135 countries (including Singapore, Switzerland and Vietnam) and supporting over 500 operators, Bitrefill is a service that allows you to refill your prepaid mobile phone with bitcoins. Founded in October 2014, Bitrefill lets you top-up your mobile phone

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