Mobile Payments
How Gen-Zs Are Redefining Payments
Southeast Asia’s payment ecosystem is undergoing a profound transformation, fueled by rapid adoption of digital payments, modernization initiatives by governments and a burgeoning consumer base of mobile-first young adults with new habits and expectations, a new blog post by payment
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American Express Sets up New Innovation Center in Singapore
American Express has set up a new Decision Science Center of Excellence (CoE) in Singapore with the aim to deliver global data-driven solutions. Initially the center will be focused on data science applications in the areas of credit and fraud
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Buy Now Pay Later (BNPL) Gaining Momentum in Thailand
Buy now pay later (BNPL) has been picking up steam among curious consumers in Thailand. This type of financing has grown in popularity because it is seen as a more flexible and consumer-friendly alternative to traditional credit products. It is
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Making Sense of Fintech Fraud in APAC
As technological advances significantly change people’s daily lives, the benefits from these advances essentially boil down to one aspect, convenience. Technology has allowed business and social activities to expand and remain primarily online. This includes transactional decisions from purchasing tangible
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E-Commerce Boom Propelling Digital Payments Adoption in Southeast Asia
Southeast Asia (SEA) is experiencing exponential growth in digital payments encouraged by a booming e-commerce scene. The region is now home to some of the world’s largest online marketplaces in some of the fastest-growing economies like Indonesia, Malaysia, Singapore, and
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Singapore Gears up for Next Phase of Growth for SGQR
Singapore has big plans for its national QR code payment standard. The country wants to establish its Singapore Quick Response Code (SGQR) as a top mobile payment method at physical stores, and is pursuing linkage opportunities with other national QR
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Google Wallet Is Now Available in Singapore as a Standalone App
Google Wallet is now available as a standalone app for the Singaporean users as a complementary experience to Google Pay. This digital wallet for Android and Wear OS standardises the way users save and access essential items such as vaccine
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This Cybersecurity Report Analysed 35 Billion Transactions and Here Are Its Key Findings
Fraud patterns are changing considerably as consumer dependence on the mobile channel continues to increase. Over the past three years, the share of attacks on mobile channels, versus desktop, has risen steadily, moving from accounting for just about 40% of
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McKinsey: APAC Continues to Lead Global Payments Revenue Despite 2020 Decline
Despite a slight decline, Asia-Pacific (APAC) continued to dominate the global payments landscape in 2020. With approximately US$900 billion in revenue, the region accounted for 47% of global payments revenues, according to the 2021 McKinsey Global Payments Report. This year,
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NETS Appoints UOB’s Head of Group Tech and Operations as New Chairman
Network for Electronic Transfers (NETS), a Singaporean electronic payment service provider, announced the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairman, her appointment takes effect from 1 September 2021 onwards. The chairmanship of
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