Archive
A New Digital Banking Dawn for Singapore
Asia seemed to have caught the digital banking bug following Hong Kong’s issuance of the 8 virtual banking license. With Singapore positioning itself as a fintech hub in Asia and beyond, Monetary Authority of Singapore’s (MAS) announcement that it is
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RCBC Embarks on Digital KYC with LenddoEFL to Onboard Millions of Unbanked Filipinos
Rizal Commercial Banking Corporation (RCBC) has sealed a partnership with LenddoEFL for faster and more convenient financial account opening for Filipinos through an end-to-end digital verification and authentication solution. In Philippines, Know Your Customer (KYC) processes have always required a
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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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