News is a blockchain-based financial services platform that provides instant, person-to-person mobile money transfers between wallets for the services for the payments of bills, online shopping, etc. was founded by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in 2014. The main office of is currently headquartered in Metro Manila, Philippines. Due to this, the application connects hundreds of unbanked people living in Southeast Asia by providing the services similar to those of a traditional bank and utilizing the existing retail infrastructure. The wallet can be replenished via over 10,000 locations all around the region. The wallet app is available for iOS and Android.