Remittance
Dubai-Based RAKBANK, BDO and Ripple Teams up for Remittance to the Philippines
Dubai-based bank RAKBANK recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in the Philippines. The Bank’s RAKMoneyTransfer (RMT) services will now enable customers to make instant, frictionless, and secure money
Read More
Azimo and Ripple Teams Up for Cross Border Remittance to The Philippines
Azimo, a European based money transfer service, announced today that it has partnered with Ripple, the enterprise blockchain solution for global payments. Azimo has launched its first service using Ripple’s On-Demand Liquidity solution (ODL) to send faster and cheaper cross-border
Read More
UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines
UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a
Read More
The First Stablecoin Pegged to the Philippine Peso is Launched to Facilitate Money Transfers
Bitspark, a bankless money transfer platform, has just launched what it claims to be the first market-ready cryptocurrency pegged to the Philippine Peso (PHP)—named the peg.PHP Based in Hong Kong, the blockchain-enabled company made the revelation today, following its recent
Read More
Philippines’ Cryptocurrency Enabled Wallet Can Now Accept Western Union Transfers
Blockchain-based financial services company Coins.ph and Western Union have teamed up to allow the fintech startup’s five million customers receive international and domestic money transfers directly into their mobile wallets in the Philippines. The collaboration was announced following news of
Read More
Ripple Backs Philippine-Focused Remittance Firm SendFriend in $1.7M Funding
SendFriend, a Philippine-focused remittance market startup, has raised up to US$1.7 million capital in a venture round backed by blockchain giant Ripple also known as the cryptocurrency XRP. Other leading investors include the MIT Lab, Mastercard Foundation, Barclays, Techstars, Mahindra
Read More