Remittance
Singapore-Based Global Payments Processor “Instarem” Secures Lithuanian E-Money License For European Expansion
Singapore based InstaReM is entering the European market via Lithuania. The regulator Bank of Lithuania issued an Electronic Money Institution (EMI) license to InstaReM, which is already operating in more than 50 countries around the world. InstaReM is a new-age enterprise
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Remittance Infographic: The Demystifying the Cross Border Ecosystem
The World Bank estimates that remittances will total USD 636 billion in 2017, and with this comes the advent of e-wallets and disruptive fintech solutions seeking to help increase efficiency and smoothen the flow of these large sums of money. These innovative
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Top 10 Money Transfer Apps in Asia
For many developing countries in the world, remittances play a key role in their economies, contributing to economic growth and to the livelihoods of those nations. In 2016, more than US$440 billion went to developing countries that involved 250 million
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TransferFriend Aims to Build The World’s Most Trusted Fintech Brand
Out of 600 million people in ASEAN, around 73% are unbanked. Artificial Intelligence (A.I.) is taking over the Financial Service industry. Singapore has been supporting this initiative for some time now through high investments in order to promote building a
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Azimo launches cash pick-up in the Philippines in one hour or less
Azimo, a digital disrupter of traditional money transfer services, extends its cash pick-up service enabling customers in the Philippines to collect money minutes after money transfer is made. In a revolutionary step for the Philippines market, Azimo’s direct service ensures
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Remtech Providers In Asia You Need To Know
Remtech, the contraction of the words remittance and technology, refers to the use of digital channels and platforms for international money transfers. The increase in use of mobile phones and technology is providing an avenue for fintech developments in remittance.
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TransferWise Chooses Singapore as APAC Hub; Launches Service in the City-State
TransferWise, Europe’s leading money transfer service, is launching in Singapore where it is working with DBS Bank. The company has chosen the city-state as its Asia Pacific (APAC) hub and expects to have 30 employees by the end of 2017,
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Azimo Updates Remit Service, Adding Instant Bank Transfers to Existing Lightning-Fast Philippines Service
Azimo, the digital money transfer service operating in Europe, announced a complete overhaul of money transfer services to the Philippines, with a lightning fast instant service via bank transfer. BDO Remit, the remittance service of the Philippines’ largest bank BDO
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Bitcoin Remittances Book Highlights Growing Traction in Asia
Remittances has long been recognized as one of Bitcoin’s most obvious use cases. Sending money from one Bitcoin wallet to another is about as easy as sending an email. The impact on the 230 million migrants sending $430 billion in
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Fintech Startup SingX Launches Cheaper, Faster Online Remittance Platform
Singapore financial technology start-up SingX Pte Ltd has launched a cheaper, faster and more convenient online remittance platform, which charges consumers a fraction of what they typically pay for overseas money transfers. Backed by some of the region’s most experienced
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