HONG KONG, Nov 6 – Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account.
“It’s a recognition that maybe in the future we will view wallets the same as bank accounts,” he said. International players are also looking to the region. WhatsApp is considering linking up with e-wallets in Indonesia to provide mobile payments, its second market for payments after India, Reuters has reported, citing sources.
He added that TransferWise, one of Europe’s best-funded financial technology firms, was considering expanding into other Asian markets including China and India.
Source: News Formal (newsformal.com)
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