Mobile Payments
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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Ripple Selects Singapore as its Latest Partner for University Blockchain Initiative
Ripple announced the latest group of partners to join its University Blockchain Research Initiative (UBRI), an initiative to accelerate academic research, technical development and innovation in related fields—blockchain, cryptocurrency and digital payments. UBRI aims to foster an increase in blockchain-based academic
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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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Introducing the LINE Pay-Visa Co-Brand Credit Card
LINE Pay Corporation, operator of the popular smartphone digital wallet service LINE Pay, announced today plans to introduce in Japan the LINE Pay co-brand credit card in partnership with Visa, the global leader in payment solutions. The LINE Pay-Visa credit
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DBS Pilots Loadable QR Red Packets
DBS is introducing a new way to celebrate Chinese New Year (CNY) this year with the pilot launch of a loadable QR red packet (DBS QR Ang Bao). The DBS QR Ang Bao offers a fun, digital twist on the
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With Go-Jek’s New Acquisition, Could Blockchain Be A Secret Weapon Against Grab?
Thanks to Go-Jek’s diversification strategy, it’s pretty easy to get a glimpse about the company’s future direction based on what companies they’ve acquired or shook hands with. This time around, it’s come out that the US$9 billion-worth company gained a majority stake
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Addressing Hawker’s Cashless Woes, NETS Launches Same-Day Payment Settlement
NETS today announced the launch of same-day settlement for hawkers every day – which they claim to be the fastest in the industry. Despite the Singapore’s fervent push for a cashless society, there are still resistance from some segments of
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What Does the New Payment Services Act Mean for Singapore?
The Payment Services Bill which has recently been passed into law by the Parliament is part of the Monetary Authority of Singapore’s bid to create a regulatory framework that is more conducive for innovation in payment services. This follows their
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KinerjaPay Receives US$200 Mil Funding From Indonesian Investment Firm
KinerjaPay, a digital payment and e-commerce platform, announced that it has received US$200 from PT. Investa Wahana Group, Indonesia, divided into US$100 million in shares of the Company’s Series F and and another US$100 million in shares of the Company’s Series G
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