Posts From Fintechnews Singapore

OCBC Joins Singtel’s VIA Alliance

Singtel will expand its VIA mobile payment alliance to include OCBC Bank, the first Singapore bank to join the alliance and the second regionally, after Thailand’s KASIKORNBANK. By the first quarter of 2020, OCBC Bank customers will be able to

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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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Philippines Cracks Down on Online Lenders

Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in lending activities. The regulator issued an immediate cease and desist to the owners and operators from promoting and facilitating unauthorised

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10 Major Global Fintech Events for the End of 2019

In the rapidly evolving world of fintech and digital finance, it has become imperative for professionals in the space to keep up with the latest trends. For that, a horde of events and gatherings are being organized every year around

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Millennials to Hold 5 Times More Wealth in 2030 — Banks Are Struggling to Attract Them

The market for investing is changing rapidly and incumbents are struggling to satisfy the needs and expectations of younger generations of investors, according to a report by tech market intelligence firm CB Insights. By 2030, Millennials are expected to hold

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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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Southeast Asia’s Booming Internet Economy to Boost Fintech Growth

Southeast Asia’s Internet economy is booming, driven by the ubiquity of mobile phones, rising Internet penetration and a growing middle class, according to a new report by Google, Temasek and Bain & Company. In the e-Conomy SEA Report 2019, released

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Singapore Ranks First in Global Cities’ AI Readiness and Smart City Effort

Two recent studies have found Singapore to be the world’s most prepared city for the age of artificial intelligence (AI), and the global leader in terms of smart city effort. The first research, conducted by the Oliver Wyman Forum, ranks

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10 Hotels In Singapore To Stay While Attending A Fintech Conference Or Convention

Singapore, a global transportation, commerce and financial hub, is a dynamic business events destination that hosts some of the world’s largest conventions and business events. Consistently, the city state has been ranked as one for the top meetings, incentives, conferences

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