Mobile Payments
soCash Enables ICBC Customers to Withdraw Money in Neighbourhood Stalls
soCash, the Singapore-headquartered start-up which converts shops into virtual ATMs announced that it has tied-up a partnership with ICBC Singapore. Through this new partnership, soCash will extend its services to all ICBC customers in Singapore and enable them to perform
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NETS Enables Over 500 Singaporean Hawkers to Accept Cashless Payments
22 coffee shops, 10 hawker centers and 12 industrial canteens have adopted a unified digital payment solution provided by NETS, Enterprise Singapore said on June 29. The solution combines in one point-of-sales terminal and a single SGQR label a total
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Grab is Now US$300 Mil Closer to Lofty US$6.5 Bil Goal it Needs to Hit By End of 2019
Grab just announced an additional investment of US$300 million from Invesco , a global independent investment management company. The additional investment in Grab takes Invesco’s overall total input into the ride-hailing-turned-potential-virtual-bank up to US$703 million. The latest capital injection puts
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Visa Said Their AI-Powered Fraud Detection Helped Prevent US$25 Bil in Fraud Annually
Visa just announced that their Visa Advanced Authorisation (VAA) process, done using artificial intelligence, has helped financial institutions prevent an estimated US$25 billion in annual fraud. VAA, used by Visa themselves, is a comprehensive risk management tool that monitors and
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Line Founder Thinks its US$182 Mil Worth Fintech Arm Could Break Even in Two Years
Following the announcement of Line’s fintech ambitions, the Japan-based company with WeChat Pay-like financial ambitions claims that it may see the new arm break even as early as one to two years, according to Bloomberg. The claim is notable, as
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Two Vietnamese Payments Startups are Merging and Raising US$30 Mil in Funding
Two Vietnamese payments startups, Vimo Technology and Vietnam MPOS Technology have merged to form a brand new entity NextPay according to Bloomberg. Vimo Technology operates a mobile wallet provider, while Vietnam mPOS Technology, as the name suggests, operates a portable
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GrabPay Users Can Now Increase Transaction Limit to $SGD 30,000 After KYC Process
Grab users will now be able to authorise the retrieval of personal data from MyInfo, a digital identity service from GovTech, to complete the verification process easily. This comes after GrabPay became a relevant stored value facility (SVF), licensed and
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Singtel’s Dash to Enable In-App Taxi Booking from ComfortDelGro Soon
Singtel announced a strategic partnership with ComfortDelGro Taxi to enable in app taxi booking within Singtel’s Dash App. Through this partnership, Singtel’s Dash user will be able to procure services from ComfortDelGro’s 12,000 strong taxi fleet. According to its Head
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LINE’s Partnership with VISA Might See the Duo Introducing Crypto Payments Soon
Japanese internet giant LINE announced that its fintech unit LINE Pay has inked a partnership with VISA, which will see both parties provide financial services for their collective user bases of millions of consumer and merchants worldwide. This development seems
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Visa Launches New All-In-One Payments Platform with a Consortium of Major Players
Today, a consortium of major companies have launched b.yond, a financial innovation platform that will let banks and consumer-facing businesses rapidly deploy a range of innovative fintech payment services. The consortium consists of Visa, Global Processing Services, Pannovate, Cornercard, Modulr,
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