Remittance

EMQ Raises US$20M in Series B Funding Round

EMQ, Hong Kong-based financial settlement network, announced the issuance of US$20 million Series B preferred shares led by WI Harper Group. New and existing investors participated in the funding round including Abu Dhabi Capital, AppWorks, DG Ventures, Hard Yaka, Intudo

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Airwallex Partners Deutsche Bank for API-Enabled Forex Services

Deutsche Bank announced that it will enable fintech unicorn Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong respectively. Already live in Japan, the solution will further allow Airwallex to process and convert

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EMQ Bags Remittance Partnership in Cambodia with AMK

AMK, the provider of microfinance services in Cambodia, and EMQ, a global financial settlement network, have teamed up to facilitate cross-border money transfer across Southeast Asia. This partnership enables AMK to integrate with EMQ’s extensive global network for secure, compliant

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Niche Global Selects Volante Technologies’ SEPA Instant Payments as a Service in the Cloud

Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation announced that Niche Global, a rising  intech player, has selected Volante’s cloud-based SEPA instant Payments as a Service solution to accelerate its expansion into the European

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HK-Based Fintech Unicorn Airwallex Bags US$160M In a Record Fundraising Round

Airwallex today announced that it has closed its Series D fundraising round at US$160M, marking its biggest capital raise to date. The round includes majority participation from a group of new top-tier global strategic investors, including ANZi Ventures (the corporate

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WorldRemit Announces Global Remittance Partnership With Alipay

WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app. The international money transfer service to the Alipay app is now available from over 40 countries. “Our

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Western Union to Enable Money Transfers to 150M Du Xiaoman Financial App Users in China

Western Union customers will now be able to have their money transfers to China accounts be paid out in real-time to majority of bank account holders — this is thanks to a partnership between Western Union, Du Xiaoman Financial and

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Mobile Money Transfers to Exceed 200 Billion Transactions in 2024

New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic

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SWIFT Responds to Bitspark’s Accusations That It Is Slowing Innovation

In his recently published e-book, George Harrap co-founder of Hong Kong based blockchain remittance startup Bitspark, pointed fingers at SWIFT for slowing innovation within the money transfer space. SWIFT reached out to Fintech News Hong Kong to respond to several

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Airwallex Joins Hong Kong’s Fintech Unicorn Club

Airwallex, a cross border payment company announced today that they have closed Series C fund raising at $US 100 million. The round brings Airwallex’s total capital raised to over US$200 million.  With that Airwallex is now valued at over $US

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