WorldRemit recently entered the U.S. market and already expects it to be their biggest market by year end; remittances sent from the U.S. back to home countries have risen to $66bn from $50bn in the last 5 years; immigrants are becoming more tech savvy and companies like WorldRemit see big potential as apps like WhatsApp have helped move people to use their phones more and more; WorldRemit has been driven in large part by relying on a number of different partners to help set up their expanding network; tax issues are still a big concern and recently receiving the NY approval, a 2 year effort, sets the company up to focus on scale. Source.
New reports surfaced in the New York Times about Facebook’s secret plans in the cryptocurrency space; the company is building...
Metro Bank’s Harrow branch in London became the victim of a fake news story that caused customers to demand their...
Read the letter a fintech-focused VC sent investors laying out why ‘hype rounds’ that drove ballooning valuations just won’t work...
WhatsApp, Brazil Central Bank In Talks To Restore Payments Service Volcker Rule reforms expand options for raising VC funds CMG...
Since WhatsApp began testing its payments feature in February of last year in India, it has processed about a million...
London just received a big boost to their fintech credibility with Facebook deciding to used the city as their hub...
Facebook is launching a WhatsApp-based digital payments service for the messaging app’s 120m Brazilian users; users will be able to...
WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed and DAX 30 index component Wirecard “loses" $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering.
ICICI Bank, one of the “Big Four” banks of India introduced banking services on WhatsApp just three months ago; the...