Remittance
Majority of APAC Consumers Prefers Remittance Services to Be Offered in a Super App
Six in ten consumers in Asia-Pacific (APAC) prefer to use digital-only solutions for their remittance and money movement needs, a trend that’s emerging on the back of changing consumer preferences and demand for greater convenience, better planning and improved inclusivity,
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2C2P, AMK to Expand Remittance Coverage Between Thailand and Cambodia
2C2P, a payment gateway service provider founded in Thailand, has partnered with Cambodia’s AMK Microfinance Institution to expand its international remittance service “easy2send” between Thailand and Cambodia. easy2send by 2C2P was launched in 2019, supporting real-time money transfers from Thailand
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Global B2B Cross-Border Payments Market Set to Reach $40 Trillion by 2024
The Business-to-business (B2B) sector has unique requirements when it comes to payments, which has resulted in the rise of cross-border payment solutions that cater to these needs. These solutions allow businesses to make and receive payments in various currencies, with
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IMF: Despite the Hype, Fintech Has Yet to Disrupt the Remittance Market
Despite enthusiasm surrounding the potential of fintech to disrupt the remittance market, evidence shows that there is a gap between the hype and the reality on the ground. In fact, and contrary to expectations, fintech companies are increasingly being entangled
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Southeast Asia’s Cross Border Transfer Industry Landscape
Southeast Asia’s money transfer market is a dynamic and fast-evolving sector that has been impacted by increased digitalization, rapid adoption of digital wallets, and the rise of so-called super-apps. A new report by FXC Intelligence, a financial data company specializing
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Wise Doubles Down on Singapore as APAC Hub With Plans to Hire 150 Roles
Wise, an online money transfer service, announced that it is further deepening its presence in Singapore with plans to hire 150 roles over the year in the country. The Singapore office, which relocated to a larger space last year, is
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Wise Ties up With Tencent for Remittance to China Through Weixin
Wise, an online money transfer service, announced a partnership with Tencent Financial Technology which will enable international money transfers to China through Weixin. Weixin is the mainland Chinese version of WeChat that is owned and operated by Tencent. With this
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Krungthai Bank Leverages Nium’s Payment Rails for Cross Border Payments
Global payments platform Nium and state-owned Krungthai Bank, has announced a strategic partnership to enhance global transfer offerings for both corporate and individual customers across Thailand. Through this partnership, Krungthai will leverage Nium’s vast payment rails to enhance the cross-border
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Aleta Planet Partners Tencent to Offer Remittance From Singapore to China
Singaporean payments service provider Aleta Planet has partnered with Tencent Financial Technology to enable local residents to remit money to Weixin users in China. Aleta Planet said that this is the first time Tencent Financial Technology has partnered with a
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Thunes Enables PayPal’s Xoom to Send Remittances Directly to E-Wallet Users
Global cross-border payments network Thunes announced a collaboration with PayPal’s digital remittance service Xoom that will enable the latter’s customers in the United States, Canada, the U.K. and Europe to send remittances directly to mobile wallet users around the world.
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