Archive

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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Phillippines’ Central Bank Sets June 2020 Deadline for Industry to Adopt QR Standard

In line with its thrust of ensuring the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring the adoption of a National Quick Response (QR) Code Standard for payments. The QR

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CIMB Singapore Rolls Out Blockchain Trade Financing with iTrust

CIMB Singapore and iTrust today announced that they have successfully completed their first structured trade financing transaction on iTrust’s Blockchain and Internet of Things (IoT) platform. The transaction involves the financing of dairy products imported into China and is expected

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Vietnamese E-Wallet Smart Pay Strengthens Security with Level 2 PCI-DSS

On the 27th September 2019 SmartPay is officially qualified for Level 2 of PCI DSS (Payment Card Industry Data Security Standard) by Crossbow Labs. Since its launch, SmartPay has committed to maintaining rigorous data security standards to ensure that their

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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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