Mobile Payment

Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months

The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four

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Visa to Invest in GOJEK and Collaborate on Digital Payments Across Southeast Asia

Visa, has invested in GOJEK, as part of the latter’s ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With

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Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities

OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to

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soCash Enables ICBC Customers to Withdraw Money in Neighbourhood Stalls

soCash, the Singapore-headquartered start-up which converts shops into virtual ATMs announced that it has tied-up a partnership with ICBC Singapore. Through this new partnership, soCash will extend its services to all ICBC customers in Singapore and enable them to perform

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GrabPay Users Can Now Increase Transaction Limit to $SGD 30,000 After KYC Process

Grab users will now be able to authorise the retrieval of personal data from MyInfo, a digital identity service from GovTech, to complete the verification process easily. This comes after GrabPay became a relevant stored value facility (SVF), licensed and

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LINE’s Partnership with VISA Might See the Duo Introducing Crypto Payments Soon

Japanese internet giant LINE announced that its fintech unit LINE Pay has inked a partnership with VISA, which will see both parties provide financial services for their collective user bases of millions of consumer and merchants worldwide. This development seems

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Visa Launches New All-In-One Payments Platform with a Consortium of Major Players

Today, a consortium of major companies have launched b.yond, a financial innovation platform that will let banks and consumer-facing businesses rapidly deploy a range of innovative fintech payment services. The consortium consists of Visa, Global Processing Services, Pannovate, Cornercard, Modulr,

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Nearly 50% of Singaporeans Prefer Contactless Payments

Close to 50 per cent of Singaporeans prefer paying with contactless payments (card and mobile) instead of cash, traditional card payments and QR payments according to the 2018 Consumer Payment Attitudes Study by Visa. Almost all Singaporeans are aware of

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Citi Enters Partnership with one of the Hottest Fintechs in Vietnam

Citi Treasury and Trade Solutions announced a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Under the partnership, Citi’s corporate clients in Vietnam will be able to receive real-time

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Flywire Joins The Growing Number of Financial Services Deploying Machine Learning

Flywire a payments firm announced that they are deploying machine learning capabilities into its payments platform. The enhancements are geared towards improving payment to settlement time, increasing security, cost reduction and to streamline reconciliation of the growing number of international

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