Remittance

Singapore and Thailand to Enable Cross Border Payments Using Only Mobile Numbers in 2021

During the Singapore Fintech Festival 2020, Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS) announced that the regulator has made significant headway in the linkage between Singapore’s and Thailand’s national payment systems; PayNow and PromptPay respectively. Monetary Authority of

Read More

Blockchain Firm Lightnet Group Partners SCB to Ease Remittance Access in Thailand

Blockchain firm Lightnet Group, has announced a partnership with Siam Commercial Bank (SCB). The partnership will reportedly enable remittance services to become accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that

Read More

Thunes Makes Key Appointments to Its Board of Directors

Thunes, a Singaporean cross-border payments network, announced the appointments of Sunil Sabharwal and Ali Mazanderani to its Board of Directors. Both will also take up chairmanship positions at the company, Sabharwal as Chairman of the Audit and Regulatory Committee and

Read More

Remitano Makes Cross-Border Money Transfer Much Easier With the “Cash-Out” Feature

To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers. This system will allow Malaysians to send and receive Malaysian Ringgit

Read More

DBS Pilots Online Tracking for Cross-Border Collections for Businesses

DBS Bank has launched real-time online tracking of cross-border collections for its global corporate clients. Powered by SWIFT Global Payments Innovation (gpi), more than 240,000 DBS corporate and SME clients in Singapore and Hong Kong are said to benefit from

Read More

Singapore’s Thunes Appoints New COO Following US$60 Million Funding Round

Thunes, a Singaporean cross-border payments network, announced that Tamer El-Emary has been appointed as Chief Operating Officer. This is a new, strategic role at the company, and the appointment follows a recent financing round raising US$60 million, which sees Thunes

Read More

Currencycloud Partners in Singapore with Ant Financial-Backed Payment Startup

Wallex, a Singaporean cross border payments startup backed by Ant Financial, has expanded its partnership with Currencycloud, a global payments platform, to deliver a new range of collections services for their Asian customers in Singapore. The partnership using Currencycloud Spark

Read More

Southeast Asia Becomes Centre for Instant Cross-Border Payments Growth

Following in the footsteps of the European Union, ASEAN is moving towards having its very own Single European Payments Area (SEPA)-style payments network, making Southeast Asia a global focal point for cross-border real-time payments growth, according to a new report

Read More

TransferWise Records a Whooping 70% Revenue Growth in the Past Year

Fintech unicorn TransferWise announced that its annual revenue had grown by 70%, hitting a profit of £302.6 million (S$531.65m) for the past financial year. TrnasferWise recorded a net profit of £21.3 million (S$37.42m) for fiscal year ending March 2020. The

Read More

Singapore-Based Thunes Raises US$60M in Series B Funding

Singapore-based Thunes, a B2B cross-border payments network, raises US$60 million in Series B funding round led by Africa-focused Helios Investment Partners. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape. Thunes was previously a part

Read More