Remittance

How China’s Fintech Giants are Tapping into a US$ 600 Billion Market

China’s tech giants Alibaba and Tencent are going after global remittances, a market that sees more than US$600 billion being moved around the world annually, according to the World Bank. The two firms recently launched cross-border money transfer services to

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Tap & Go’s Partnership with Western Union to Enable Global Remittance

Western Union a household name for cross-border remittance along with HKT Payment Limited a Stored Value Facilities (SVF) license holder have signed an agreement to enable Tap & Go customers to user their mobile wallet to send money around the

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CurrencyFair Announces Asian Expansion and Buys Hong Kong Payment Company

CurrencyFair, an International Money Transfer service to consumers and businesses has announced a major expansion into Asia through the acquisition of Hong Kong based, Convoy Payments Limited. This announcement follows Hong Kong Special Administrative Region (HKSAR) Financial Secretary Paul Chan’s

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TransferWise Launches in Hong Kong, Targets Businesses and Consumers

Following the completion of its three-month pilot scheme in Hong Kong, UK-based international fintech remittance firm, TransferWise will now fully launch their service for both business and personal use here. TransferWise’ Thrust into Hong Kong TransferWise’s scalable business model has

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AlipayHK and GCash Launch Cross-Border Remittance Service on Blockchain

AlipayHK and GCash  announced the launch of a cross-border remittance service through their e-wallet platforms, powered by  blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group. Alibpay claims that this is the first blockchain-based

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ICBC Leverages Technology to Drive Cross-Border Development

Cross-border finance is developing rapidly thanks to the opening up of China’s capital market, opportunities brought by the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Take Industrial and Commercial Bank of China (Asia) as an example. ICBC (Asia) started its cross-border RMB business in

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Azimo Opens new Money Transfer Service to China

Azimo, a digital disruptor of traditional money transfer services, has launched an improved service for transfers to China. Customers will now be able to send money from 24 countries in Europe to individual bank accounts in China, delivered in local

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TNG​ ​Extends​ ​Global​ ​Money​ ​Transfer​ ​Partnership​ and goes UK

TNG FinTech Group announces an extension of its strategic global money transfer partnership with Tranglo Europe Limited a cross-border payment gateway. The existing money transfer partnership, which covers Asia, will now extend to the United Kingdom TNG also announces plans

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