Mobile Payments

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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Visa Pushes for Greater Availability of Tap to Phone Payment Solutions in APAC

Visa is calling on the payments industry to accelerate the availability of Tap to Phone solutions in order to bring more micro and small businesses into the digital economy. Tap to Phone enables sellers to accept Visa contactless payments directly

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CEO of xpate Is Confident That Simplicity and a Great UX Will Shape the Future of Payments

Handling online payments is an ongoing challenge for any entrepreneur or business. There are dozens of options to explore, yet the industry lacks a universal solution. Too Many Options An IT firm, edtech startup or other forms of business growing

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DBS, Fave and Singtel Partners to Offer More Cashback to Their Customers

Fave, a fintech platform providing QR payments to restaurants and retailers, has announced a collaboration with DBS Bank and Singtel Dash to offer Singaporeans “more secure digital payment options”. DBS PayLah! and Singtel Dash users can transact digitally via the

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Bring Colour Back to the South East Asian Payments Landscape

For the global banking and finance industry, Southeast Asia (SEA) has established itself as a key region in terms of innovation and growth opportunities in real-time payments. Underlying this is the fact that SEA’s internet economy is projected to triple

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NETS Partners Singtel for Cross-Border Digital Payment Services

Network for Electronic Transfers (NETS) plans to accelerate the development and delivery of its digital cross-border payment services, leveraging Singtel’s ConnectPlus Managed Network and Amazon Web Services’ (AWS’) cloud computing platform. This collaboration will pave the way for Singaporeans to

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