Posts From Fintechnews Singapore

7-Eleven Eyes to Serve Singapore’s Underbanked Through Pay2Home Partnership

The underbanked in Singapore, which includes hundreds of thousands of migrant workers who remit funds as a basic necessity, are often excluded from fintech innovation, unable to access the full benefits of digital services due to a lack of digital

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Top 20 Upcoming Fintech Events in Singapore in 2020

Home to 39% of all fintechs in ASEAN, Singapore is the fintech leader in Asia Pacific (APAC) and the fourth top fintech city in the world, according to the inaugural Global Fintech Index City Rankings 2020 report. Like previous years,

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DBS’ QR Ang Bao Solution Now Open to All Singaporeans with a PayNow Account

Following the success of last year’s DBS QR Ang Baos which saw over SGD 1.5 million loaded during Chinese New Year in 2019, DBS is reintroducing an enhanced version which includes new functions that they say will deliver greater convenience

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Grab Enables In-App Travel Insurance for As Low as $1 Per Day

Grab and Chubb announced today the launch of Travel Cover — an on-demand travel insurance service that Grab users can purchase within the app. The product is distributed by GrabInsure Insurance Agency, Grab Financial Group’s insurance platform. Starting from today, a

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Thai’s Oldest Banks Teams up With Ripple For Remittance

Thailand’s oldest bank has partnered with Ripple to create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. Eight of the top ten countries using mobile payments can be found in Asia. According to a recent

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A Review of Singapore’s Top Fintech Developments in 2019

In 2019, Singapore continued to pursue its ambition to become the world’s first Smart Nation with a leading Smart Financial Centre, inking partnerships with international peers, launching nationwide initiatives to further development and adoption of cutting-edge technologies, and introducing new

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Tranglo First in Asia to Launch Global Remittance Partnership with Alipay

Leading fintech Tranglo Pte Ltd announced a collaboration with Alipay, the world’s leading payment and lifestyle platform, to provide cross-border remittance that brings more convenient and inclusive services to consumers globally. Tranglo said the deal marked a significant milestone in

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Snapshot of Singapore’s Booming Regtech Scene

Regtech, the younger cousin of fintech has quickly risen out of fintech’s shadow and stand on its own two feet. In Asia, this is perhaps no more apparent than it is in Singapore. Not purely a compliance play Regtech involves

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Here Are The Contenders to Singapore’s Digital Banking Race

Singapore’s digital banking license was perhaps one of the most widely discussed topic in 2019 within fintech circles and we suspect 2020 will not be too different with MAS anticipated to issue licenses by mid-2020. There were many speculations as

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TransferWise Customers in SG Can Now Receive Money Using Just Their Mobile Number

TransferWise announced today that they have become the first international money transfer service to allow Singapore customers to receive money using just a mobile number. For Singaporeans with a PayNow profile, receiving international transfers can be done by providing just their

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