Bizmoto partners with Direct Agent 5 to service Australia-Philippines

International remittance brand Bizmoto just partnered with Direct Agent 5 (DA5) to provide money transfer services between Australia and the Philippines. Direct Agent 5 has over 1,000 locations in the Southeast Asian nation, the kind of reach that Bizmoto is looking for. In return, the Philippine company will be able to utilize Bizmoto’s money transfer platform.
By Andrea Barnes | | Australia | See more in News

Flywire raises $100M in new venture funding

Flywire just announced that it has raised $100m from its Series-D round and that Singapore-based investment firm Temasek led the round. Temasek is not alone in funding the payment solutions company, however, as existing investors joined the round as well. This included F-Prime Capital and Bain Capital Ventures.
By Daniel Webber | | Australia | See more in News

Consumers still trust banks over fintechs and digital banking

Despite the availability of digital payment options, consumers still use traditional banking, according to research done by ING. In ING’s International Mobile Banking Survey for 2018, the benefits of mobile and digital banking do not seem to be enough for banking clients as 76% of consumers in Luxembourg still use their main bank for most of their transactions.
By Daniel Webber | | Australia | See more in News

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