Mobile Payments

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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Rapyd Secures US$300 Million From Series E Fundraise To Support Its Expansion Plans

Rapyd, a Fintech-as-a-Service company which provides APIs that helps integrate local payments and fintech capabilities, announced a US$300 million Series E funding round led by Target Global. Joining the round are several new investors including funds managed by Fidelity Management

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Mobile Transactions in Vietnam Projected to Surge 300% In the Next 5 Years

Between 2021 and 2025, mobile transactions in Vietnam are expected to surge 300% as Vietnam continues to leapfrog into the mobile channel, a new report by IDC and Backbase found. The second edition of Fintech and Digital Banking 2025 Asia

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Rapyd Creates Venture Arm to Invest in Early Stage Fintech Startups

Rapyd, a global Fintech-as-a-Service company, announced the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses. The new venture arm will be led by Joel Yarbrough, MD of Rapyd Ventures

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Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19

Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC),

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Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking

Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Chinese sellers saw sales volumes surged 65%

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Adyen Singapore Secures MAS’ Major Payments Institution License

Global payments platform Adyen announced that its Singapore entity has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore‘s license

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Settling up: What Payment Options Do You Have in Singapore and How Do They Work?

Although Silicon Valley in the United States tends to dominate the tech scene in terms of both news coverage and technological developments, this monopoly is slowly beginning to shift. As more and more businesses begin to shift away from Silicon

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Bangkok Bank Unveils Cross-Border QR Payments Between Thailand and Vietnam

Bangkok Bank has unveiled cross-border QR payments between Thailand and Vietnam with the cooperation of the Bank of Thailand (BOT) and State Bank of Vietnam (SBV), claiming to be the first to do so. The service provided by Bangkok Bank

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