Remittance
Banks View Fintechs as the Biggest Threat to Their Cross-Border Payments Business
Traditional lenders are losing market share in cross-border payments to non-banks, with digital challengers and fintech startups rapidly gaining ground by solving some of the most critical issues in the sector including its high fees, inefficiencies and slow transaction speeds,
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Visa Teams With Tencent to Grow Chinese Remittances via Digital Wallet
Visa, a global leader in digital payments, and Tencent Financial Technology, the fintech arm of Tencent, have announced a partnership at the Singapore Fintech Festival 2023 that will broaden Visa’s reach in the Chinese remittance market. This collaboration will enable
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Rise of Nium to Become a Rare Singaporean Fintech Unicorn
Known for its thriving financial sector and cutting-edge technological prowess, Singapore has seen its share of successful startups. Yet, Nium is one of the exceptional few among fintech outfits headquartered in Singapore that have managed to attain the status of
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Top Fintech Startups That Make Currency Exchange And Trading Easy
In the rapidly evolving landscape of finance, technology has played a pivotal role in revolutionizing various aspects of the industry. One of the most significant disruptions has been witnessed in the realm of currency exchange and trading, thanks to the
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Revolut Launches Instant Card Transfers to Over 80 Countries
Revolut, a global neobank with 30 million customers worldwide, has launched instant card transfers that allows customers to securely send money in real-time to anyone in over 80 countries with just their name and 16-digit Mastercard or Visa card number.
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Majority of APAC Consumers Prefer 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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