Tag "mobile payments"

“Blood and Sand”: The Moment-of-Truth for Mobile Wallets in Asia

“The Deed of the Dying” Many ‘digital wallet” companies in Asia (ex. China) are finding it hard to demonstrate any meaningful value for the users. Wallet Players have experimented with various business models to monetize, but primary focus thus far has

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Mobile Payment Platform Cheers Taps Underbanked Population; Get paid for anything you do on Mobile

Singapore-based Cheers is tapping into a greenfield opportunity in Fintech through a rich mobile money ecosystem that enables app developers to financially connect global users within their platforms. This will enable users of any app to transfer money between each other and

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Banks, Fintechs Gear Up for Myanmar’s Digital Revolution

As Myanmar undergoes a digital revolution, international banks and foreign investors are perceiving the country’s large pool of unbanked as a still untapped opportunity. The latest move comes from the National Bank of Canada which became a strategic shareholder in

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Cambodia’s Fintech Industry Set to Thrive

Cambodia’s fintech ecosystem is more nascent than other markets in Southeast Asia and lagging behind the likes of Thailand and the Philippines. Yet, this landscape is quickly changing as engaged institutional partners are set to add to the pace of

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Going Cardless and Cashless: How Banks and Fintechs are Reinventing Payments

Banks and fintech companies are developing innovative solutions for consumers to pay for goods and withdraw cash without payment cards, offering entirely new ways to transact. In the US, JPMorgan Chase, Bank of America and Wells Fargo are among those that

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Filipino Startup PaidUp Seeks To Reinvent How We Order And Pay For Food And Beverages

Mobile payments app PaidUp seeks to reinvent how people order and shop for food, drinks and services by allowing consumers to prepay their purchases in return for exclusive discounts, rewards and special services. The first pre-pay mobile wallet app in

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Fintech (Startup) Of The Month: TransferTo, A Cross-Border Mobile Payments Network

TransferTo is a leading B2B mobile payment network and airtime hub serving the likes of Western Union, PayPal, Xoom, 7 Eleven, WorldRemit, Tigo mobile money and MoneyGram. TransferTo interconnects financial institutions and mobile operators globally, linking over 4.5 billion mobile

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Digital Technologies And Fintechs to Drive Financial Inclusion in Asia

With an estimated 2 billion adults and 200 million micro, small and midsize businesses (MSMEs) worldwide considered as unbanked or underbanked, financial inclusion has emerged as a critical development challenge and an opportunity for fintechs. The unbanked are those who

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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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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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