Remittance
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 $US
Read MoreThe First Startup in Taiwan’s Fintech Sandbox is Now in Bed With Visa
Just in January, EMQ was named the first fintech startup to be accepted into Taiwan’s Regulatory Sandbox to provide a more convenient and lower cost remittance service for migrant workers sending money home to Vietnam, Indonesia and the Philippines. Now,
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Taiwan’s Fintech Sandbox Gets Its First Startup
Taiwan’s newly formed fintech regulatory sandbox has approved EMQ a cross border remittance startup as its first participant. As the first fintech startup to be accepted into the Taiwan’s Regulatory Sandbox, EMQ will within the Financial Supervisory Commission prescribed timeline,
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Hong Kong: 79% Don’t Know True Cost of International Money Transfers
79% of Hong Kongers don’t understand the true cost of international money transfers, a recent survey has found. Of those interviewed, only 21% of respondents were able to correctly identify the full cost of sending money abroad – which involves
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How China’s Fintech Giants are Tapping into a US$ 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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