Nearex aims to empower people by simplifying proximity transactions such as Micropayments using mobile technology. It was founded by veterans from the mobile and financial industry with extensive exposure to emerging markets where mobile money services are driving large-scale financial inclusion for mostly unbanked societies.
Nearex team has realized that enabling cashless, small day-to-day payments using mobile wallets in the emerging world is a business opportunity worth hundreds of billion dollars annually. Mobile phones address the consumer side of this need but unless all small merchants can accept mobile payments, cashless micropayments will remain a myth. Any solution has to be as easy to use as cash, while being affordable for both sides. Nearex has developed Xip, a mobile micropayment solution that meets this very need.
Location: Singapore
Employees: 11-50
Founded date: 2012
Mentions in press and media 3
| Date | Title | Description |
| 10.12.2018 | Meet 42 Mobile Payment Players Active in Singapore Right Now | As one of the most highly banked populations in Southeast Asia (Standing at 96.4% of banked adults at 2014), Singapore presents a unique ecosystem in the same region. This is part of why Singapore is popularly deemed as one of the fintech h... |
| 13.11.2016 | What Asia Can Learn From Africa To Succeed in Fintech For Unbanked? | Facebook is currently considering acquiring mobile money giant M-Pesa in Kenya. One month ago Visa payments network introduced a mobile-phone application to enable cashless transactions in Kenya too. The mVisa app will initially facilitate ... |
| 31.10.2016 | Singapore Fintech Awards 2016 Announces 40 Finalists | Singapore FinTech Awards 2016, comprising the MAS FinTech Award and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. The Awards recognise innovative FinTech s... |