Remittance

TransferWise rebrands to Wise, enters next phase growth
The money transfer service has been rebranded, and its Malaysian growth phase is marked by a new appointment
Kenanga Investment Bank takes 4.99% stake In Malaysia’s Merchantrade Asia
Various collaborations in the pipeline, towards building robust ecosystem Kenanga adds to digital initiatives such as online stockbroking with Rakuten
Merchantrade in Technology Partnership with Ant Group to Offer Inclusive Remittance Services to Consumers in Asia
Customers in M’sia & S’pore can send real-time remittance to Alipay China Will expand to remit funds to Philippines, Pakistan, Bangladesh and Indonesia
MoneyGram takes aim at Southeast Asian remittances by going digital
Remittance is one of the most vital financial services, especially for developing economies. There is a need to increase efficiency and lower costs, and digital technology can help – MoneyGram, in this case, serves as one example
Western Union Digital Expands in Asia
Mobile app now live in Singapore.
Valyou makes remittances convenient, simple
Malaysia’s first wallet-to-wallet remittance service provider constantly innovates to stay on top of its game.
Wing and Valyou launch wallet-to-wallet remittance from Malaysia to Cambodia
Partnership offers 150,000 Cambodians in Malaysia more options to send money.
Merchantrade Asia disrupts itself, eye on banks next
With a million customers and US$3.8bil flowing through its ecosystem, Merchantrade sees a digital future beckoning.
WorldRemit raises US$40mil and targets Indonesia expansion
Series C funding round brings the total amount raised to US$220 million.
Cards vs cash: Big boys vs the little guys
There will be room for only a few players in both the card and cash business – prepare for a bruising fight, write Anwar Jumabhoy & Srikrishna Vadrevu.
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Digerati50 2020-2021

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