Mobile Payments

Mastercard, IDEMIA and MatchMove Debut Fingerprint Biometric Card

Mastercard has teamed up with IDEMIA, provider of identity-related security services, and MatchMove, a Singapore-based fintech, on their first pilot in Asia for a biometric card that uses fingerprints to authorise transactions at in-store payment terminals. The smart card named

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Visa Extends Stripe Connect Partnership to B2B Payments

Visa has teamed up with Stripe, a fintech company focusing on online payment processing, for the acceptance of B2B payments using Stripe Connect. This is an extension of the partnership that the two entities formed in late 2018 to enable real-time

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Payments Processor GPS Adds Trio to C-Level Team

Payments issuer processor, Global Processing Services (GPS), announced its appointment of three C-level executives: Richard Hodgson as Chief Financial Officer, Shaun Puckrin as Chief Product Officer, and Jerome Gudgeon as Chief Technology Officer. The new hires bolster the executive leadership

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Razer Fintech and Visa Offers Sneak Peak of New Prepaid Card

Razer Fintech, the financial technology arm of Razer has collaborated with Visa, to unveil a brand-new Visa prepaid solution – the Razer Card. Users can sign up and use the virtual card at no subscription, with the option to upgrade

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Crowded Indonesian Market: 51 Licensed E-Money Providers

Bank Indonesia, the country’s central bank, has issued two new e-money licenses so far this year. These two new additions bring the total number of licensed e-money providers to 51, comprising 14 banks, and 37 non-bank providers, according to data

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MAS Directs Wirecard to Cease Payment Services in Singapore

The Monetary Authority of Singapore (MAS) announced today that it has directed Wirecard entities in Singapore (Wirecard SG) to cease their payment services in Singapore and to return all customers’ funds by 14 October 2020. MAS said that it has

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UOB Ties up With Visa’s New API to Simplify Digital Payments

United Overseas Bank (UOB) has teamed up with Visa to tap its new application programming interface (API), claiming to be the first bank in the world to do so. This partnership will enable customers to add their Visa credit and debit

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PayNow Increases Default Limit for Ad-Hoc Transactions up to S$200,000

The Association of Banks in Singapore (ABS) announced that all of the nine participating PayNow banks will allow ad-hoc transactions of at least S$5,000 or more. This will enable customers to use PayNow, an electronic fund transfer service, for a

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Southeast Asia Becomes Centre for Instant Cross-Border Payments Growth

Following in the footsteps of the European Union, ASEAN is moving towards having its very own Single European Payments Area (SEPA)-style payments network, making Southeast Asia a global focal point for cross-border real-time payments growth, according to a new report

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Google Pay Launches All-In-One P2P Payments Solution in Singapore

Google has launched its all-in-one peer-to-peer funds transfer service in Singapore in order to streamline transactions from different banks on one platform with via its PayNow feature. Customers of DBS PayLah!, OCBC Bank and Standard Chartered can link their bank

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