Currency

Jan
27

Jack Ma’s Ant Financial Buys MoneyGram for $880 Million

Ant Financial, the financial technology company controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. The $880 million transaction, Ant’s second U.S. deal, will connect MoneyGram’s network of 2.4 billion bank and mobile accounts with Ant’s customers. Ant, which was once part of Alibaba, is seeking […]

By Reposted by International FinTech | Currency . FinTech . Investing . Payments
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Jan
20

WorldRemit partners with Xpress Money to deliver wider service offering to diaspora communities

Digital money transfer service WorldRemit has partnered with international money transfer brand Xpress Money to open up new remittance routes to 11 countries – including Bangladesh, Pakistan, Indonesia, Malaysia, Thailand, Vietnam, Jordan, Ethiopia, Uganda, Algeria and Lebanon.   The partnership has extended WorldRemit’s footprint into new territories, and is expected to further support the growing […]

By Cameron Dart | Currency . FinTech . Payments
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Jan
12

With TravelersBox, turn foreign change at airports into digital currency and iTunes credit

It’s a dilemma that travelers have faced for decades: You’re heading home from a foreign country with a handful or two of spare change. It’s not enough to exchange or buy something at the airport, so what do you do with it? TravelersBox hopes to answer that question. The company has kiosks placed in 10 […]

By Reposted by International FinTech | Currency . FinTech . Payments
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Jan
09

Cards, ATMs, POS will be redundant by 2020 in India: NITI Aayog

Amid the big push being given to digital transactions post-demonetisation, Niti Aayog CEO Amitabh Kant today said cards, ATMs and POS machines would become redundant in the country by 2020. “….India is in the midst of huge huge disruption in the world of both financial technology and in terms of social innovation (there is) huge […]

By Reposted by International FinTech | Banking . Currency . FinTech . Payments
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Jan
09

US needs to lead digital currency revolution, or other nations will

While the U.S. is consumed by understanding the Russian hacking into its presidential election, the other global power is claiming silent victory in a worldwide cryptocurrency competition. Currently, China is the biggest entity mining bitcoins, claiming 70 percent of all mining equipment globally. Computers, known as “miners”, solve complicated mathematical algorithms, provide hashing power, keep […]

By Reposted by International FinTech | Bitcoin . Blockchain . Currency . FinTech . Payments
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Jan
09

The world is on the brink of having its first ever entirely cashless day

by Sebastian Siemiatkowski – CEO of Klarna How soon will we reach the first cashless day, when all your purchases will be made without a note or coin changing hands? In Sweden, it’s any day now. In 2010, 40 per cent of Swedish retail transactions were made using cash; by 2014 it was down to […]

By Reposted by International FinTech | Banking . Currency . FinTech . Payments
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Jan
03

Value of digital currency Bitcoin surges past $US1000

The value of Bitcoin has surged above $1000 as the digital unit continues a dizzying rise that made it the best-performing currency of 2016. Its value has more than doubled in the last year and it was trading at around $US1,024 in afternoon European trading yesterday, after breaking through the $US1000 mark on Sunday. It […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech
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Jan
02

China is behind the latest Bitcoin craze

Bitcoin had a great 2016. The cryptocurrency rallied 120% to $952, and is threatening to break the $1,000 mark for the first time. While Bitcoin has seen a consistent bid throughout the year, its 57% gain (in US dollar terms) over the past three months has been particularly impressive.So what’s behind the move? China. In […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech
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