Remittance Archives - Fintech News Philippines

Remittance

Blockchain Remittance

Gcash Partners Roxe to Provide Affordable Blockchain-Based Cross Border Payments

Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments. The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers. Roxe says

Blockchain Remittance

Coins.ph and OK Remit to Enable Low-Cost Remittances From Japan to the Philippines

Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, and Asian Net, a money transfer company in Japan operating under the brand name of OK Remit, have jointly launched the On-Demand Liquidity (ODL) service on RippleNet to enable instant,

Crypto Digital Payments Remittance

MoneyGram Launches Global Crypto-To-Cash Service in the Philippines

MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is now available in key remittance markets, including the Philippines, Canada, the U.S., and Kenya for the first wave of users.

Indonesia Open Banking Remittance

PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform

Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a digital remittance platform, PERA HUB Conex. The platform serves foreign and local remittance companies, fintech partners, banks, e-wallets, brick-and-mortar retailers,

Remittance

UnionBank Offers in-App Western Union Remittance Service in Real-Time

Union Bank of the Philippines teams up with Western Union and its agent in the Philippines PERA HUB for a seamless and reliable way to receive remittances in real time through the bank’s app. Western Union has more than 550,000

Remittance Wallets

GCash Partners Ayannah To Roll Out New Remittance Service ‘GCash Padala’

Mobile wallet GCash has partnered with leading fintech Ayannah, a Filipino fintech startup that provides affordable and accessible digital financial services, to launch GCash Padala. The new remittance service will allow GCash’s more than 40 million users to send money

Remittance

Philippines’ Outdated Outward Remittance Processes is Overdue for Revamp

As Asia’s third largest recipient of remittances, the Philippines relies heavily on money sent home by around 10 million Filipinos who live and work overseas. In 2019, personal remittances accounted for 9.3% of gross domestic product, according to Bangko Sentral

Remittance Wallets

MoneyGram and PayMaya Ties Up for Real-Time Payments Using Visa Direct

MoneyGram, a provider of cross-border P2P payments and money transfers, announced a partnership with PayMaya Philippines to enable real-time payments with Visa Direct. The new digital capability will allow customers to send money from the United States to the Philippines

Remittance

Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover

With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos are defining expectations, sending a total of US$2.78 billion worth of remittances back to the Philippines in July, representing a

Remittance

Manny Pacquiao to Launch Digital Payment Platform PacPay

Pac Technologies, co-founded by boxing world champion Senator Manny Pacquiao, aims to launch PacPay, a digital payment platform this year. The company will be collaborating with Remsea, a fintech remittance firm licensed by the Monetary Authority of Singapore for the