Posts From Fintech News Singapore
Entrust Finalises Acquisition of Onfido
Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This announcement comes just two months after the negotiations came to light where TechCrunch reported that the deal could be worth
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MAS and Mastercard Partner to Strengthen Financial Sector Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to bolster cybersecurity within the financial services sector. The partnership is built on a foundation of bilateral information sharing of cyber threat intelligence, aiming to
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Nuvei Secures Payments License from MAS to Expand Offerings in Singapore
Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows Nuvei’s Singapore subsidiary, Nuvei Singapore Pte Ltd, to extend its financial services within the region, offering domestic and cross-border
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IOTA and Tenity’s Singapore Accelerator Offers $50,000 Grants to Blockchain Startups
Tenity, in collaboration with the IOTA Foundation, has announced the establishment of the IOTA Accelerator in Singapore. This 12-week initiative is designed to assist early-stage startups focused on developing Real World Assets (RWA) tokenisation products and infrastructure within the IOTA
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Money20/20 Asia 2024: Leading Fintech Show Makes Debut in Thailand
Money20/20, a prominent fintech show, will be holding its first Thai edition in Bangkok this year, coming to the Queen Sirikit National Convention Center from April 23 to 25, 2024 for a multiple event centered around the future of finance.
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Crypto Adoption in Southeast Asia is On the Rise
Crypto in Southeast Asia is increasingly popular among investors. The region is home to a complex financial landscape that’s characterized by a significant portion of the population being underbanked or unbanked, alongside a digitally-savvy youth demographic with high mobile Internet
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ADB to Support Finance Ministers with New ASEAN Climate Finance Platform
The Asian Development Bank (ADB) is set to introduce an ASEAN Climate Finance Policy Platform, aimed at aiding finance ministers in Southeast Asia to collectively tackle climate change. This announcement was made by ADB President Masatsugu Asakawa, highlighting the urgent
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Indian Travellers Can Now Pay Using QR Codes via PhonePe at Singapore Merchants
The Singapore Tourism Board (STB) has entered into a two-year strategic partnership with Indian digital payments company PhonePe in a bid to boost the convenience of Indian travellers. This collaboration builds upon the existing Unified Payments Interface (UPI) linkage between
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Ripple Plans to Launch USD-Pegged Stablecoin
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This forthcoming stablecoin is set to be fully backed by a mix of US dollar deposits,
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Xoom Users Can Now Use PayPal’s Stablecoin for Cross-Border Transfers
Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. customers to utilise PayPal USD (PYUSD), a stablecoin pegged to the U.S. dollar, for international remittances. This addition enables users to convert PYUSD into U.S. dollars within
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