Smart Transfer today announced the official launch of the world’s first person-to-person mobile payment platform that enables international social payments across multiple currencies at no charge to users. Aside from bank accounts, Smart Transfer allows international money transactions to be made to any phone number, email address, or social media platform.
Person-to person payment services offered by existing platforms are typically restricted to a single country, currency, or proprietary platform, and may involve service fees ranging up to 8% of the transaction amount. As payments become increasingly digital and mobile based, Smart Transfer is envisioned to play a vital role in enabling person-to-person payments via a platform designed to transcend these limitations.
In our last feature, we spoke to a international payments (cross-border remittance) company. The thought was that a world without borders does exist, but so does an inadvertent exchange of skill and manpower. In this opinion article, Prajit Nanu shares with Fintech Asia the ideas that help him drive the business. Speed, trust, low fees, convenience – a number of such things influence the needs of the consumer.
In a time when the world is figuratively flat again – thanks to exchange of talent, skills and manpower globally – arises the common need to send money across borders. SingX, based in Singapore, is one such fintech attending to the need for cross-border remittance. With a team of banking and technology veterans, SingX has set its focus on easing money transfer for the consumer. Atul Garg of SingX tells Fintech Asia all about the company and industry they operate in…
Slack has announced today a Series G funding round led by Softbank Vision Fund with Accel as second largest investor – expands Slack’s existing $540M funding by an additional $250M; post money valuation now at $5.1B [April 2016: $3.8bn]
Ministers and Senior Officials from all 10 ASEAN Member States, including the ASEAN Secretary-General H.E. Le Luong Minh, convened today at the second ASEAN Ministerial Conference on Cybersecurity (AMCC), as part of the Singapore International Cyber Week 2017. The AMCC, held at the St. Regis Singapore hotel, was chaired by Singapore’s Minister for Communications and Information and Minister-in-charge of Cyber Security Dr Yaacob Ibrahim.
InstaReM, a Singapore-headquartered FinTech start-up offering convenient, fast and cost-effective cross-border money transfers to individuals and businesses, has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM plans to start its outbound money transfer services from India by November 2017 in partnership with a leading AD-I (Authorized Dealer – Category I) bank, per RBI’s governing conditions for the partnership.
Top 42 FinTech Companies in Australia INFOGRAPHIC – As lobbying to make fintech a priority for the Australian government continues, the fintech ecosystem in Australia has grown considerably in the past few years. About USD 675 million was invested in Australian fintech in 2016 according to a KPMG report. As per our research consumer and B2B lending remain the largest category of fintech, while payments comes second.