Remittance

The Trillion Dollar Cross-Border Payments Market is Getting a Makeover

The trillion-dollar cross-border payments market is getting a revamp, fueled by technological advances, a changing regulatory landscape and a rush of new entrants promising to solve customers’ long-lasting pain points. During Fintech Fireside Asia’s latest panel discussion, top executives from

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2C2P Forges Partnerships in Vietnam and Cambodia in Expansion Push

2C2P a payments platform today announced new partnerships in Vietnam and Cambodia to expand its Thai cross-border remittance service, easy2send. In Vietnam 2C2P will team up with Sai Gon Joint Stock Commercial Bank (SCB), one of Vietnam’s top five joint

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Wise Slashes Remittance Fees by up to 42% On Transfers From Singapore to 19 Countries

Wise, formerly known as TransferWise, has dropped prices by up to 42% on transfers from Singapore to 19 countries across 5 continents. This announcement is part of a global price drop where 52% of Wise customers around the world will

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Thunes Expands Cross Border Payments to Pakistan Through Bank Alfalah Partnership

Global payments network Thunes announced a partnership with Pakistan’s Bank Alfalah to enable real-time affordable cross-border payments to consumers in the country. Thunes said that this partnership will “enable payments not just to Bank Alfalah’s clients, but to all of

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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand

Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint

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Visa Makes It Easy to Receive Funds in Vietnam From Abroad

Visa has partnered with Vietnam banks to make it easier for Visa debit cardholders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time. Vietnam is

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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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