Payments

We are seeing the first applications now, which are cross-border payments by banks or institutions, says Aymeric Salley, head of the project at Xfers.

Google claims this policy is only applicable to less than 3% of developers with apps on Google Play.

Backed by Y Combinator, Global Founders Capital, and Bedrock Capital, the round brings the company’s total funding to USD 15 million.

Its valuation also increased to USD 250 billion.

PacPay will be debuting by the end of 2020, tapping into the huge potential of cross-border payments in Southeast Asia.

While Ant Group holds the majority stake with a 29.7% share, Japanese conglomerate SoftBank has a 19.6% shareholding, followed by SAIF Partners with 18. 56% stake.

JazzyPay is currently targeting underserved businesses in the Philippines, primarily hospitals, schools, clinics, and medical suppliers.

Currently, Thunes claims to have an extensive global network across more than 100 countries.