Global Remittance Market in 2027
The “Global Remittance Market Outlook to 2027” report has revealed that the global remittance market has experienced steady growth in recent years, excluding the pandemic year. The market is primarily driven by the increasing use of mobile-based payment channels, cross-border transactions, and the reduction in remittance transfer time and cost. The growth of the remittance market is fueled by the widespread adoption of...
Unleashing Resilience: SaaS-Powered Financial Institutions Outpace Market Peers in Turbulent Times
In today’s dynamic financial landscape, the ability to bounce back from market disruption is a critical factor for success. Recent research conducted by Mambu, a leading cloud banking platform, reveals a striking advantage for financial institutions (FIs) that run on a true Software-as-a-Service (SaaS) platform – they recover nearly 2.5 times faster than their industry peers. Mambu’s comprehensive report, “Turning...
Nium Enhances Global Payroll Payments Solution for Seamless Integration with Payroll Platforms
Nium, the leading provider of real-time global payments, has announced enhancements to its market-leading payroll payments solution, catering to the complex needs of payroll platforms worldwide. The upgraded solution simplifies global expansion for payroll platforms, offering expanded network and currency coverage across various regions. Key enhancements include foreign exchange transparency, beneficiary pre-screening, scheduled...
Ant Group Expands Mobile Wallet Acceptance in Thailand, Boosting Digital Travel Experience
Ant Group, the operator of Alipay+, a global cross-border digital payments and marketing solution, has announced that four mobile wallets are now accepted in Thailand. These include AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia), and Alipay (Chinese mainland), which has been accepted by Thai merchants since 2015. This development, enabled through Alipay+, expands the seamless digital travel...
Next Capital Partners with Mambu to Launch Next-Generation Digital Lending Products
Next Capital Public Company, a prominent Thai technology-driven auto leasing company, has joined forces with Mambu, an innovative global fintech firm, to introduce a new suite of lending products. Leveraging Mambu’s cloud-native core banking and lending platform, Next Capital aims to transform into a next-generation full-service digital lender, providing cutting-edge financial solutions to the underbanked. This partnership...
Axaipay Introduces Innovative PreSettlement Service to Empower Micro Businesses
Axaipay, a leading financial technology company, is proud to announce the launch of its groundbreaking PreSettlement Service, a game-changing solution poised to revolutionize financial support for micro businesses. As the first and only offering of its kind, this service has been meticulously tailored to meet the unique needs of micro businesses, providing them with unparalleled financial assistance. During the Payments Innovation...
SC Malaysia Takes Action Against Huobi Global Limited for Operating Illegally in the Country
The Securities Commission Malaysia (SC) has recently taken decisive action against Huobi Global Limited and its Chief Executive Officer, Leon Li, for operating a digital asset exchange (DAX) in Malaysia without proper registration. In response, the SC has issued a public reprimand directed at Huobi Global Limited and Leon Li for their illegal operations within Malaysia. Furthermore, the SC has ordered Huobi Global Limited to...
Onfido Acquires Airside Mobile: Revolutionizing Digital Identity Verification
Onfido, a leading global provider of automated identity verification solutions, announced the successful acquisition of Airside Mobile, Inc., a pioneer in private digital identity sharing technology. Airside Mobile has been at the forefront of introducing user-controlled digital identity to the travel industry and has garnered the trust of over 10 million travelers and major U.S. government agencies, including the Transportation...
XOX Partners with Alliance Bank to Revolutionize Financial Services on BLACK Mobile App
XOX Berhad (XOX) has partnered with Alliance Bank Malaysia Berhad to enhance the financial services available on its BLACK Mobile App. This collaboration expands the app’s existing offerings, which include an e-commerce platform, account management tools, pay-per-view ad rewards, and more. The partnership will introduce Alliance Bank’s personal financing products and services to BLACK App users. In the initial stage,...
AmBank Islamic Launches Am Up Your Chances Campaign: Over RM2.7 Million in Prizes and Rewards Await Customers
AmBank Islamic has unveiled its highly anticipated Am Up Your Chances campaign, offering a remarkable total of RM2.7 million in prizes and rewards to its valued customers. Running for 12 months from April 1, 2023, to March 31, 2024, the campaign aims to provide enhanced value to individuals who save in their AmWafeeq Savings Account-i (AmWafeeq-i). Acknowledging the enthusiastic response received from previous AmRewards campaigns,...
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