Remittance

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

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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

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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

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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

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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

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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

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TransferWise and Mastercard Further Enhance Their Global Partnership

Mastercard and TransferWise have announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed for its multi-currency borderless account. TransferWise has been working with Mastercard since the

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MatchMove Introduces Cross-Border Remittance Platform for Businesses

MatchMove, a Singapore-based ‘Banking-as-a-Service’ platform, announced the launch of its new remittance platform called RemitSend to enable cost-efficient, cross-border Business to Business (B2B) remittances. By offering a Software-as-a-Service (SaaS) based subscription pricing model, MatchMove said it is able to help

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Singapore-Based Thunes Launches Cash Pickup Service With Ethiopian Bank

Singapore-based Thunes, a cross-border payment provider, has partnered with Lion International Bank (LIB) to launch a cash pickup service in Ethiopia. Presently, Thunes facilitates the transfer of remittances to Ethiopia via Hello Cash wallets and bank accounts. Through the partnership,

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TransferWise Announces Partnership with Aspire On the Back of Its US$ 5 Billion Valuation Spike

TransferWise announced today a new partnership with Singapore-based fintech Aspire, concurrent with news of its valuation jumping to US$ 5 billion. Aspire provides digital financial services such as credit lines, business accounts and corporate cards for small and medium-sized enterprises

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