Mobile Payments

With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya

Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash activities

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Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding

YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the

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Singapore’s NETS to Assist Myanmar in Implementing Universal QR Payment

The NETS Group today announced that it has signed a Memorandum of Understanding (MOU) with Myanmar’s national payment network to establish a Payment Technology Exchange & Development Programme. The first project under the Programme will see NETS sharing its technical

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Singapore Airlines Onboards Adyen to Smoothen its Flight Booking App

Singapore Airlines has partnered with fintech unicorn Adyen, to help in creating a more frictionless payments experience for customers booking flights online or in-app. The airline while working with Adyen reportedly saw an increase in authorization rates, flexibility on fraud

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OCBC Introduces a More Seamless Checkout for Instant Mobile Payments

Rapyd a payments focused fintech, announced a partnership with OCBC Bank to enable real-time bank payments for Singapore consumers and online retailers. The partnership leverages PayNow, Singapore’s national peer-to-peer funds transfer service, enabling OCBC Bank customers to make digital payments using the

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EZ-Link Joined Forces with Malaysia’s Touch ‘N Go to Issue a Multi-Currency Joint Card

Due to a variety of reasons, Singapore’s EZ-Link and Malaysia’s Touch ‘n Go cards are synonymous with travel in their respective countries. With travel across the causeway so common among residents of both, it is about time for a new

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58% Singaporeans Don’t Think They Can Go Without Cash for 3 Days

Despite being known internationally as a fintech hub here, it seems like Singapore is starting to fall behind on cashlessness in Southeast Asia. For example, only 68% of Singaporeans are confident in going cashless for a day, as opposed to

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Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its

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New Partnership Enables Filipinos to Get Salaries in Their Gcash Wallet

Singapore-based payroll services provider Excelity Global has partnered with Philippine mobile money wallet GCash to allow disbursement of salaries and reimbursements in an employee’s GCash account. This feature is directly integrated with Excelity’s payroll clients through the GCash App and

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All Shops in Changi Airport Will Accept E-Wallet Payments Very Soon

The various merchants in Changi were probably already on their way towards accepting QR wallet payments one way or another, but a recent agreement may help speed up that process. Changi has inked an agreement with a payments platform, Liquid Group,

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