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Indonesian peer-to-peer lending platform KoinWorks said in a statement on Monday that it has received an investment from US-based venture capital firm Quona Capital. “We’re very happy we could collaborate with Quona as one of our investors,” said Benedicto…
Maybank Asset Management Group (MAMG) expects its assets under management (AUM) to increase between US$30 million (RM126 million) to US$50 million (RM209 million) in the next two years, following its collaboration with Schroder Investment Management…
Personal loan helps everyone in an unexpected financial crisis. Whether it’s an unforeseen expense during a wedding or renovating your home, emergency medical needs, restructuring your debts, starting a small business, etc., a personal loan can help you with…
Early this month, EVN Finance, a subsidiary of national power utility, Vietnam Electricity, launched a consumer lending program called Easy Credit in Ho Chi Minh City. Customers with a monthly minimum income of VND4.5 million ($194) in five southern…
It is easy these days to find a site for online lending and borrow quickly with simple procedures. Companies have entered the peer to peer (P2P) online lending realm that directly connects borrowers, whether individuals or companies, with lenders, and get up…
The GSM Association (GSMA) has launched a new global certification scheme for mobile money services. The certification will involve an independent assessment of a mobile money provider’s ability to provide secure and reliable services, protect customer…
The cross-border B2B money transfer market is ripe for disruption, as new technologies and legislative changes redefine traditional banking practices across the globe, according to Juniper Research. Cross-border B2B transactions will exceed $218 trillion by…
Despite being allowed to charge on-net fees for automatic telling machine (ATM) transactions, some commercial banks have recently applied the exemption to on-net money withdrawal and account transfer to attract new customers and develop the retail banking…
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country. Singapore and Indonesia are soon to sign…
The money market has been seeing unexpected happenings in the last two weeks. Until two weeks ago, the liquidity of the banking system had been in a state of tension because lending was higher than mobilized capital. According to the National Finance…
Singapore-based money transfer provider InstaReM is introducing free money transfers exclusively for users in Hong Kong. InstaReM, a Money Services Operator licensee in Hong Kong, is running this campaign until end of April 2017. By offering interbank rates…
WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday. The UK-based financial technology start-up, which has raised…
The average cost of sending international remittances with mobile money is less than half that of using global money transfer operators (MTOs), a new GSMA report reveals. Such lower prices contribute directly toward achieving targets within United Nations…
MoneyGram recently announced that its Indonesian subsidiary PT MoneyGram Payments System has inked a long-term deal with Indonesian remittance company Arsema. Per the agreement, Arsema would channel MoneyGram’s money transfer services at all post offices of…
Financial inclusion in Bangladesh just took a stride closer to reality with the launch of a new international remittance receiving service via a partnership between MasterCard, Western Union, bKash and BRAC Bank. The new service enables bKash’s registered…
TransferWise, the P2P international money transfer platform, has opened up transfers to South Korea. Until recently, banks and brokers were the only option for consumers needing to send money to the country. But now, thanks to recent changes in regulation,…
