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Western Union is collaborating with the Manila-based fintech Coins to expand operations in the Philippines, one of the world's busiest remittance markets.
The ride hailing app Go-Jek recently acquired Coins, an e-wallet provider, giving the collaboration plenty of room to add transfers to mobile car sharing and digital payments.
Western Union has been aggressively adding digital services to compete with fintechs and blockchain initiatives that are targeting its traditional transfer business. It has added a digital service with
The Apple train
In Singapore, Apple Pay will work on any mode that accepts Mastercard, with Visa support expected later this year, reports
Singapore is a tech-friendly city with numerous digital projects, such as
More clear
The
The securities guidance "may" apply to entities that are involved in selling, offering, marketing, promoting, buying, trading, holding, storing and offering financial services. The SEC stressed it's not a rule, but guidance, so there's still some room for interpretation.
The battle over whether cryptocurrency startups should be regulated as securities has been fierce, with companies such as
Smart contract bridge
API platform Sila has launched a beta program that provides a link between the smart contracts that support the Ethereum blockchain and payment systems such as ACH.
The company hopes the bridge will provide greater access to digital payment rails for developers and startups, thus reducing time to market.
Sila's CEO, Shamir Karkal, was a co-founder of Simple, a financial services marketing company that was later acquired by BBVA. Karkal also was head of open APIs at BBVA.
From the Web
CoinDesk | Fri April 5, 2019 - Cryptocurrency exchange Coinsquare is launching a stablecoin pegged 1:1 to the Canadian dollar (CAD). The exchange plans potential roles for its new “eCAD” token in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, as well as trade settlements and forex conversions.
Forbes | Thu April 4, 2019 - The recent $35 billion sale of Worldpay, a leading digital payments processor, is the sector’s largest ever. The purchase, made by fintech group Fidelity National Information Services (FIS), shows just how rapidly the digital payments landscape continues to change.
The Wall Street Journal | Thu April 4, 2019 - The family of an American killed in the crash of Malaysia Airlines Flight MH17 filed an antiterrorism lawsuit Thursday alleging that two prominent U.S. money transfer companies and two Russian banks were responsible for providing financial support to the pro-Russian separatists involved in the destruction of the plane.
More from PaymentsSource
When cutting through the noise generated by the highs and lows of cryptocurrency value, the underlying blockchain technology is poised to keep advancing toward mainstream payments.
Visa’s proposal to buy Earthport — which already survived a brief bidding war with Mastercard — is getting a closer look by the U.K.’s antitrust watchdog group.
Sweden-based Klarna is replacing the in-house customer authentication process it developed for its buy-now, pay-later online checkout option with a new approach to streamline merchant integration.
International payments provider Currencies Direct is offering a new online platform for batch payments to help clients making multiple payments in different currencies.
