ST Engineering has introduced enterprise-grade quantum-safe cybersecurity solutions, developed in-house, to assist financial services organisations in Singapore in adopting quantum security measures. The Quantum-Safe Encryptor, built with post-quantum cryptography (PQC) and compatible with future third-party Quantum Key Distribution (QKD) systems, is designed to protect sensitive data and communications from potential quantum decryption threats. Intended for critical infrastructure, government, defence, and enterprise networks, it provides low-latency, high-assurance encryption for mission-critical and high-speed data flows. Its hardware-enforced architecture ensures integrity and protection against tampering. The Quantizant PQC-readiness platform supports organisations in planning and implementing a multi-year transition to quantum-safe cryptography. Its features…
Author: Fintech News Singapore
Author
Visa has launched its Scan to Pay feature for QR payments across Asia Pacific, expanding digital payment acceptance to millions of merchants. The rollout aims to simplify everyday payments and let consumers use their preferred wallets and apps for Visa transactions at home or abroad. The solution is supported by Samsung Wallet across Asia Pacific, LINE Pay in Taiwan, VNPT Money in Vietnam, and Woori Card and Hyundai Card in Korea. It also works with QR payment providers including Lakala in Mainland China, FOMO Pay in Singapore, VNPAY and NextPay in Vietnam, and OpenRice in Hong Kong. Scan to Pay…
ESGpedia has worked with several financial institutions to support the development of their sustainability programmes, enabling companies and SMEs to engage in Sustainability-Linked Financing, achieve credible greenhouse gas (GHG) emissions reductions, and strengthen overall sustainability capability. Partners include banks such as CIMB, Maybank, and OCBC, as well as the Mongolian Sustainable Finance Association (MSFA). ESGpedia’s digital platform provides carbon accounting and ESG reporting solutions, allowing companies to quantify and account for emissions across business activities and generate Sustainability Reports in accordance with international reporting frameworks and ISO 14064 methodologies. The platform also supports banks and associations in implementing Sustainability-Linked Financing…
GFTN Capital, a growth-equity venture firm under the Global Finance & Technology Network (GFTN), has today announced a strategic alliance with Accion, a global nonprofit focused on supporting innovative financial service providers. The GFTN Capital and Accion partnership aims to mobilise capital for digital finance and inclusive fintech companies that serve financially underserved communities. GFTN Capital and Accion will bring industry stakeholders together to advance solutions for emerging opportunities in inclusive finance. Headquartered in Singapore, GFTN Capital deploys GFTN’s ecosystem of innovators, entrepreneurs, policymakers, and investors spanning over 130 countries. The firm intends to provide investors with early access to emerging,…
The Global Finance & Technology Network (GFTN) announced the beta launch of ALFIN, an AI research intelligence platform for the financial industry, at the Singapore Fintech Festival 2025. ALFIN is designed to provide trusted and explainable AI applications for finance, reflecting the sector’s increasing focus on reliable, verifiable systems. ALFIN integrates three verified data layers: GFTN’s proprietary insights from global innovators, investors, and regulators; publicly available financial and regulatory data; and user-referenced inputs for real-world context. This combination delivers verifiable, explainable intelligence in a matter of seconds. “The current financial ecosystem is inundated with vast amounts of data but struggles…
SUNRATE announced at the Singapore Fintech Festival 2025 the release of its white paper, AI and Stablecoins’ Transformation of the Global B2B Payments Experience, developed with FXC Intelligence. The report, authored by FXC Intelligence, a provider of cross-border payments data and intelligence, examines how artificial intelligence, stablecoins, and blockchain infrastructure are reshaping the business payments landscape. FXC Intelligence projects the B2B cross-border payments market will reach US$47.8 trillion by 2032, growing at a 5.3% CAGR, with services accounting for 27% of total flows. “Technologies are changing the B2B payments experience rapidly, but that doesn’t mean every existing payments technology is…
GFTN Capital has teamed up with Japan’s SBI Holdings and SBI Ven Capital to launch a US$200 million fund backing growth-stage fintech companies globally. The initiative will invest in transformative fintech firms developing technologies across artificial intelligence, digital assets, cybersecurity, and tokenisation. Headquartered in Singapore, GFTN Capital is a growth-equity venture firm under the Global Finance & Technology Network (GFTN). It will leverage GFTN’s ecosystem of innovators, investors, and policymakers in more than 130 countries, giving investors early access to emerging fintech companies while supporting portfolio firms with strategic capital, in-depth market insights, and connections to a trusted network of…
Boku, a network for localised payment solutions, announced the launch of its Innovation Hub in Singapore on 12 November 2025 at the Singapore Fintech Festival. The hub includes a team focused on building new payment capabilities, which aims to solve merchants’ cross-border money movement challenges. With global payments projected to reach about US$290 trillion by 2030, Boku is prioritising solutions that remove friction for global merchants. This includes real-time FX and payout capabilities and the application of AI and blockchain technologies with financial services. Yi Hahn Chin, Head of Boku’s Innovation Hub, shared that cross-border payments remained one of the…
Antom, a provider of merchant payment and digitisation services under Ant International, has introduced EPOS360, an application integrating point-of-sale (POS) systems, payments, banking, lending, and business support to help MSMEs scale efficiently. EPOS is Antom’s all-in-one SME transformation platform and one of Ant International’s main business pillars. The new app aims to extend services to more MSMEs alongside enterprise clients. EPOS360 consolidates POS, payments, banking, lending, marketing, and other digital services into one platform. Available on iOS and Android in early 2026, it offers access to services from Antom, Alipay+, and ANEXT Bank within minutes. The app enables merchants to…
The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution (MPI) license to BC Payments, a wholly owned subsidiary of Banking Circle. The license allows BC Payments to facilitate frictionless, scalable, and compliant cross-border payment services for banks, fintechs, and global payment providers in Singapore. It marks an important milestone in Banking Circle’s global expansion strategy, enabling the group to deliver efficient and compliant international payment solutions. BC Payments has expanded its local operations, connecting international financial institutions to local clearing systems through a single API supported by Banking Circle’s global infrastructure. The approval allows the company to…
Thunes has launched new Account Top-Up and Withdrawal solutions to help major digital asset platforms connect with traditional finance and expand globally. The enterprise-grade tools enable exchanges, infrastructure providers, networks, and issuers to offer instant, compliant on- and off-ramp transactions in local currencies and payment methods. The Account Top-Up feature supports direct local payment options, while the Withdrawal solution enables fast and transparent fiat payouts across more than 40 markets. Both are powered by Thunes’ Fortress Compliance Platform and SmartX Treasury System for stronger regulatory integrity, faster settlements, and improved liquidity management. The launch builds on recent innovations such as…
Finmo has partnered with Standard Chartered to introduce Global Currency Account (GCA) capabilities that enable companies to manage pay-ins, pay-outs, and foreign exchange with greater control and visibility across markets. Announced at the Singapore Fintech Festival 2025, the collaboration allows Finmo customers to open and manage multi-currency accounts starting in Singapore, with planned expansion to the UAE, Hong Kong, and the UK. By using Standard Chartered’s global infrastructure, Finmo’s platform aims to simplify global money movement and provide improved oversight of liquidity and cash positions across entities and currencies. With Finmo now operating on Standard Chartered infrastructure, customers can automate…
Revolut Business has launched Flexible Cash Funds in Singapore, offering companies a way to earn daily returns on idle balances through low-risk money market funds. Available on Grow, Scale, and Enterprise plans, the feature provides up to 4.48% APY (variable) on USD and supports up to 100 funds across GBP, EUR, and USD with no minimum or maximum investment limits. This marks Revolut Business’s first product of its kind in Singapore. Customers can add or withdraw funds within two business days without fees or restrictions under normal market conditions and assign access controls for team members. Globally, Flexible Cash Funds…
HitPay and Yuno have partnered to simplify how global merchants accept local payments across Asia Pacific. The partnership combines HitPay’s network of e-wallets, remittance channels, and national QR systems with Yuno’s orchestration technology, which finds the fastest and most successful path for each transaction. Together, they offer a single API that simplifies compliance and boosts conversion rates for international merchants. Merchants using Yuno can now connect directly to leading wallets such as GCash in the Philippines, ShopeePay, GrabPay, and Touch ’n Go in Malaysia, and Kakaopay in South Korea. The integration also supports instant transfers and QR payments via PayNow…
DBS and Kinexys by J.P. Morgan are developing a framework for interbank tokenised deposit transfers across public and private blockchains. The partnership aims to link DBS Token Services and Kinexys Digital Payments, enabling tokenised value to move seamlessly between both banks’ blockchain ecosystems. The framework will support real-time settlement and exchangeability of tokenised deposits, paving the way for institutions to pay one another instantly, anywhere and at any time. Connecting Southeast Asia’s largest bank and the United States’ largest bank, the initiative seeks to set a new standard for on-chain interoperability and improve how businesses manage cross-border finance. Both banks…
Global Finance & Technology Network (GFTN) has appointed Anthony Thomas as Chief Strategy & Growth Officer and Maha El Dimachki as Chief Executive Officer of GFTN Advisory, effective February 2026. Thomas, who joined in October, will drive GFTN’s global strategy and growth agenda, expanding its presence across new markets and initiatives. With more than 27 years of experience in banking and fintech, he previously served as Global Managing Director for Fintech at Delivery Hero, overseeing payments and embedded financial services across 70 markets. He is also Chairman of MoMo, Vietnam’s financial services super app, and former CEO of GCash in…
BENEFIT, Bahrain’s fintech and electronic financial transactions service provider, has signed a linkage agreement with NPCI International Payments Limited (NIPL) of India to enable interoperability between Bahrain’s Electronic Fund Transfer System (EFTS), particularly its Fawri+ service, and India’s Unified Payments Interface (UPI). The initiative, overseen by the Central Bank of Bahrain (CBB) and the Reserve Bank of India (RBI), aims to enhance cross-border payment connectivity between the two countries. It will allow users in both countries to make real-time, secure cross-border transfers. Abdulwahed AlJanahi, Chief Executive of BENEFIT, said: “The partnership underscores our commitment to delivering advanced digital payment services…
Tencent has launched TenPay Global Checkout, a new payment solution for Weixin Mini Program merchants operating internationally, allowing them to accept a range of local payment methods. With a single integration, overseas merchants can support multiple payment options, including digital wallets, local real-time payment networks, and credit and debit cards. Users outside mainland China can pay within the app using familiar local methods. The rollout begins in Singapore and Macau, where merchants can now accept credit and debit cards, PayNow, and BOCPAY(MO) via TenPay Global Checkout on the Weixin Official Accounts Platform. Expansion to additional markets, including Japan, Australia, and…
DCS Card Centre has teamed up with Standard Chartered to support DeCard in Singapore, enabling stablecoin payments for everyday transactions. Standard Chartered will serve as the principal banking partner, providing transaction banking and financial markets services covering top-ups, account management, and fiat and stablecoin settlements, along with treasury, liquidity, and FX hedging support. The partnership addresses rising demand for regulated digital-asset payment solutions that deliver faster, more transparent, and cost-efficient transactions. It launches in Singapore with plans to expand to other markets. Through Standard Chartered’s virtual account and API connectivity, DCS can assign virtual accounts to DeCard users for real-time…
More than 300 million DeFi users and US$263 trillion in stablecoin transactions mark a turning point for digital assets, with regulators now racing to match innovation with clear frameworks. According to the Global Digital Assets Report launched by the Global Finance & Technology Network (GFTN) at its Insights Forum 2025, digital assets are moving rapidly from experimentation to institutional integration. The report, produced with research and editorial support from Arthur D. Little and Whitesight, draws on more than 40 executive interviews and a global survey across 12 jurisdictions. Asia and Global Peers Push Ahead with Digital Asset Pilots GFTN found…