Remittance

Nium Joins the Unicorn Club With Its Latest US$200 Million Series D Fundraise

Singaporean B2B payments platform Nium is now a unicorn after having raised more than US$200 million in a Series D round led by Riverwood Capital. The firm has now raised nearly US$300 million to date. Temasek, Visa, Vertex Ventures, Atinum

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eRemit Singapore Rolls Out Insurance Scheme for Migrant Workers

eRemit Singapore, a digital remittance service platform backed by Merchantrade Asia and QALA Tech, announced that it has partnered with Hong Leong Assurance Singapore (HLAS) to offer a new insurance scheme for migrant workers in Singapore. The eRemit Singapore’s Salary

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Wise Launches Remittance Services in India, Expands Footprint With Mumbai Office

Wise, a London-based online money transfer service formerly known as TransferWise, announced the launch of its low-cost and fast international money transfers from India. With this launch, Indians will be able to send money from the country to 44 countries

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Wise Goes Live on Temenos for Transparent, Real-Time Remittance to Banks Worldwide

Swiss banking software company Temenos announced that Wise, a London-based online money transfer service formerly known as TransferWise, is now live on Temenos MarketPlace. The Temenos MarketPlace comprises over 50 curated fintech solutions, enabling Temenos’ clients to innovate and differentiate

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Cross-Border Payments Firm Thunes Bags US$60 Million in Latest Fundraise

Thunes, a Singaporean cross-border payments network, has raised US$60 million in a Series B growth round led by global private equity and venture capital firm Insight Partners, with participation from existing shareholders. The current investment round brings the company’s total

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American Google Pay Users Can Now Transfer Money to Singapore Thanks to Wise

London-based fintech unicorn Wise has announced an integration to bring its platform to Google Pay users allowing the send money abroad within the app from today onwards. The initial launch will enable Google Pay users in the U.S. to send

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Digital Remittance Providers Eye Asia Pacific Markets

Asia is seeing the emergence of a booming community of remittance-focused tech companies. These companies leverage technology and digital platforms to disrupt the legacy remittance value chain, bringing greater convenience and lower-costs to cross-border money transfer. A new infographic produced

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Wise Appoints Grab’s Co-Founder Tan Hooi Ling To Its Board

Wise, a London-based online money transfer service formerly known as TransferWise, has made two recent appointments to its board of directors, one of it being Tan Hooi Ling who is the Co-founder of South East Asian superapp Grab. The other

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TransferWise Rebrands to Wise Ahead of Singapore Office Expansion

London-based fintech unicorn TransferWise announced its rebranding to Wise and the strengthening of its Asia Pacific presence with the expansion of its office in Singapore. Originally launched in 2011 as a money transfer service for people, the company has expanded

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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

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