Mobile Payment

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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Digital Debit Group Releases Retail-Grade QR App Powered by PayPal

Ready to use upon download, without card swipers or terminal hardware, the Digital Debit app make its way to a ready marketplace. Newly-released in the Apple App Store, merchants and freelancers can now accept in-person payments for services rendered from

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Singapore Life Diversifies into Payments Through the Acquisition of Canvas

Singapore Life, known for its insurtech business seem to be throwing their hat into prepaid payments card space with their recent acquisition of Canvas, from local payments platform Yolopay. This news comes fresh after Singapore Life’s two funding rounds just last

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SGD 1.3 Million Were Loaded in DBS’ QR Ang Baos This Chinese New Year

DBS Qr Ang Baos launched on the 25 January, was a twist to an old tradition, it provide users with the ability to ‘load’ their desired cash values onto unique QR codes and hand them out as ang baos. The novel

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UOB’s Banking Services Now Available on Your Grab App

UOB and Grab have announced that Grab will begin offering a suite of UOB Cards solutions and privileges directly on Grab’s mobile app. This follows their earlier partnership announcement during the Singapore Fintech Festival last year For a start, consumers

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