money

Retail Asia05/12/2016

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 $192.7 million since its founding in 2010, also wants to grow in Canada and is open […]

Retail Asia15/11/2016

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 sustainable development goal (SDG) 102. Lower transaction fees also translate directly into additional income for remittance recipients. […]

Retail Asia17/07/2016

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 Indonesia. The services would start from Central Java and Bali region. MoneyGram strives to provide secure money transfer services […]

Retail Asia20/04/2016

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 customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts. A […]

Retail Asia11/04/2016

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, TransferWise has partnered with local firm, PayGate, to bring better, fairer international money transfer to […]

Retail Asia23/01/2016

Laurence D Fink, who runs the world’s largest asset manager, said the recent stock market decline presents a buying opportunity because markets are poised to gain over the course of the next year. “You can’t walk away from these movements,” Fink, chief executive officer of BlackRock, said Friday in an interview from the World Economic Forum in […]

Retail Asia13/01/2016

About 5 in 10 say they spend more than $100/month. Singapore male youth spend more than women on online purchases, according to Singapore Polytechnic’s survey of 816 youth aged 15 to 35. About 5 in 10 (50.6%) males say they spend more than $100 per month on online purchases, compared to about 4 in 10 […]

Retail Asia16/10/2015

A bold new plan to enable money transfers using only mobile phone numbers is being explored as the banking industry looks at ways to improve payment technologies. Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the initiative yesterday as he underlined the progress that Singapore has made towards becoming a smart financial centre. […]

Retail Asia08/10/2015

AirAsia Bhd is acquiring the remaining 60% interest in financial services provider Tune Money Sdn Bhd as well as its entire issued redeemable preference shares (RPS) for RM6.36mil in cash. In a filing with Bursa Malaysia, AirAsia said the payment of about RM0.038 per ordinary 10 sen share and RM150,000 per RPS to vendor Tune […]

Retail Asia04/09/2015

Smartphones could give retailers and brands unprecedented insight into consumer spending and behavior just by allowing you to photograph your receipt. That’s the premise of a new technology startup that launched in Indonesia today. Snapcart is backed by Ardent Capital — the VC firm behind Southeast Asia’s logistics network aCommerceand numerous e-commerce startups — and it aims to […]

Tag: money

Money transfer firm WorldRemit eyes new markets, growth

Mobile money halves overseas remittance costs

MoneyGram Inks Deal with Arsema, Expands to Indonesia

Mobile money service launched in Bangladesh

TransferWise partners with Pay Gate to bring money transfer services to Korea

BlackRock’s Laurence Fink sees buying opportunity

Singapore male youth burn more money shopping online than women

Banks exploring plan for money transfers using mobile numbers

AirAsia makes Tune Money its wholly owned unit

Indonesia’s Snapcart Turns The Humble Receipt Into Big Data For Brands And Retailers