
Tag "money transfer"
Banks Losing Ground to Fintechs in Asia’s Cross Border Payments Space
Fintech companies and specialist providers are rapidly gaining ground in Asia’s cross-border payment market, putting increased competitive pressure on banking incumbents and forcing them to look for new opportunities, a new report by global consultancy McKinsey claims. In Asia, fintech
Read MoreLooking to Send Money to Asia? Dos and Don’ts
Millions of people are looking for ways to send money to various parts of Asia including Singapore, India and China. In China alone, more than 50 million of its citizenry lives outside its borders, meaning hundreds of thousands occasionally need
Read MoreMalaysia’s Fintech Sandbox Partcipant MoneyMatch Launches Transfer Portal
MoneyMatch Sdn Bhd, a home-grown company approved by Bank Negara Malaysia, launched its “Transfer” portal, a fully digital cross border remittance service offering exchange rates and fees far cheaper than incumbent banks. The Transfer portal allows users to conduct their
Read MoreAzimo 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
Read MoreBitcoin 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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