Mobile Payments
Singaporeans Transacted Over 1 Billion SGD Per Month on PayNow
The Association of Banks in Singapore (ABS) announced today that the value of PayNow transactions per month has crossed the S$1 billion mark for three consecutive months since July. This significant milestone, highlights the growing ubiquity of PayNow for payment
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Latest Laos Mobile Payments Partnership with to Target Chinese Tourist
Banque Pour Le Commerce Exterieur Lao Public (BCEL), one of the biggest state-owned commercial banks in Laos, has partnered with Hong Kong mobile payments services provider Wallyt to allow Lao merchants to accept mobile payments through WeChat Pay and Alipay.
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Phillippines’ Central Bank Sets June 2020 Deadline for Industry to Adopt QR Standard
In line with its thrust of ensuring the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring the adoption of a National Quick Response (QR) Code Standard for payments. The QR
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Vietnamese E-Wallet Smart Pay Strengthens Security with Level 2 PCI-DSS
On the 27th September 2019 SmartPay is officially qualified for Level 2 of PCI DSS (Payment Card Industry Data Security Standard) by Crossbow Labs. Since its launch, SmartPay has committed to maintaining rigorous data security standards to ensure that their
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TransferWise Rules out Digital Banking License, Rolls Out Multi Currency Card Instead
UK-Based money transfer service TransferWise has confirmed that it will not be pursuing a digital banking license in Singapore. Venkatesth Saha, Head of Asia Pacific and Middle East expansion said in an interview (paywall) that they only have one focus
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Mobile Money: How Singapore Compares to the Rest of the World
Mobile money has changed the face of finance since the concept was pioneered in Kenya nearly 20 years ago. We can broadly define mobile money as any monetary value stored on a mobile device, be it a feature phone or
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Razer Fintech Appoints Ex-DBS Chairman to its Board
Razer Fintech, the financial technology arm of Razer Inc has appointed Koh Boon Hwee as a member of Razer Fintech’s Advisory Board. Koh was formerly the Chairman of DBS Bank. He has also served as Chairman of blue chip corporates
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Rapyd Secures $100 Million in Funding to Fuel Global Fintech-as-a-Service Expansion
Payments focused fintech Rapyd announced that they have secured US$ 100 million of financing in round led by Oak HC/FT with participation from Tiger Global, Caotue, General Catalyst, Target Global, Stripe and Entree Capital. This follows another round earlier this
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Revolut Snubs Mastercard for VISA for Global Expansion
European based fintech unicorn Revolut announced on Monday that they have reached a new agreement with Visa to expand its global acceptance footprint to 24 new markets for a total of 56 markets globally. Visa will power Revolut’s payments acceptance
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South East Asia Largest Online Travel Startup Aims To Issue 5 Million Payment Cards by 2025
Traveloka and Indonesia’s Bank BRI entered into a partnership to launch PayLater Card. The card can be used in Indonesia and around the world for both online and offline transactions by leveraging the network of Visa. Henry Hendrawan, President, Traveloka
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