Remittance

Ripple Backs Philippine-Focused Remittance Firm SendFriend in $1.7M Funding

SendFriend, a Philippine-focused remittance market startup, has raised up to US$1.7 million capital in a venture round backed by blockchain giant Ripple also known as the cryptocurrency XRP. Other leading investors include the MIT Lab, Mastercard Foundation, Barclays, Techstars, Mahindra

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Ripple Selects Singapore as its Latest Partner for University Blockchain Initiative

Ripple announced the latest group of partners to join its University Blockchain Research Initiative (UBRI), an initiative to accelerate academic research, technical development and innovation in related fields—blockchain, cryptocurrency and digital payments. UBRI aims to foster an increase in blockchain-based academic

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TransferWise Bids Farewell to Head of Asia-Pacific Expansion, Lukas May

TransferWise is a London-headquartered international money transfer company, and it has built quite a name for itself in Singapore’s island nation in parts thanks to the efforts of its head of Asia-Pacific expansion, Lukas May. Lukas May has since resigned

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Facebook Reportedly Developing Crypto Stablecoin Targeting India’s Remittance

Facebook is reportedly working on a cryptocurrency for global payments on its WhatsApp messaging app. The project will first focus on the Indian remittances market, people familiar with the matter told Bloomberg. Facebook is developing a stablecoin, a cryptocurrency pegged

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Remmitance Player InstaReM Adds Multi-Currency Features for SMEs

Fresh out of their recent funding round of $US 20 Million, Singapore based remittance player announced the introduction of a new feature on its platform. This new service enables small business to make payments in multiple currencies in one go.

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South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

This month Coinone Transfer, a payments business and a subsidiary of Coinone, introduced South Korea’s first blockchain-powered remittance mobile app and web service called Cross — offering faster, lower cost payments to Thailand and the Philippines. Unlike other remittance options in South

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World Bank: Developing Countries Sees Record-Breaking Remittance Inflow in 2018

Remittances to low and middle income countries grew rapidly and are projected to reach a new record in 2018, says the latest edition of the World Bank’s Migration and Development Brief, released today. The Bank estimates that officially recorded remittances

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Revolut Secured Singaporean Licensing — Slated to Launch in 2019

Revolut, a London-based fintech unicorn was just granted a license for operations in Singapore and Japan. The company has therefore confirmed that they are in the final stages of testing for launch in Asia Pacific in Q1 2019. Their Asia

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UOB Joins the Mobile Cross-Border Remittance Bandwagon with UOB Mighty

It appears that Grab is not the only one that is honing in their focus on mobile cross-border remittances, incumbents seems to be unwilling to be left out of the game. UOB announced that they have successfully completed a cross

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Grab to Launch International Wallet-to-Wallet Remittance in 2019

Grab just announced its wallet-to-wallet remittance function slated for a 2019 launch, as part of its Grab Financial arm, and putting the company one step closer towards its dream of becoming an all-encompassing app. Rather than the usual underserved or

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