Mobile Payments

Revolut Finally Launches in Singapore

London based fintech Revolut officially announced the launch of its services in Singapore today. As early as last year the company has been stating that they “are launching soon” in Singapore. Fintech News Singapore anticipated in an earlier report that

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Digital Wallet Corporation Enters Philippines with Fintech Acquisition

Digital Wallet Corporation (DWC) today announced its entry to the Philippines through the acquisition of a licensed remittance and foreign exchange company, Speed Money Transfer Philippines, Inc. (SMTP) with operations in the Philippines and Australia. With this acquisition, SMTP is

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OCBC Joins Singtel’s VIA Alliance

Singtel will expand its VIA mobile payment alliance to include OCBC Bank, the first Singapore bank to join the alliance and the second regionally, after Thailand’s KASIKORNBANK. By the first quarter of 2020, OCBC Bank customers will be able to

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Singaporeans Transacted Over 1 Billion SGD Per Month on PayNow

The Association of Banks in Singapore (ABS) announced today that the value of PayNow transactions per month has crossed the S$1 billion mark for three consecutive months since July. This significant milestone, highlights the growing ubiquity of PayNow for payment

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Latest Laos Mobile Payments Partnership with to Target Chinese Tourist

Banque Pour Le Commerce Exterieur Lao Public (BCEL), one of the biggest state-owned commercial banks in Laos, has partnered with Hong Kong mobile payments services provider Wallyt to allow Lao merchants to accept mobile payments through WeChat Pay and Alipay.

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Phillippines’ Central Bank Sets June 2020 Deadline for Industry to Adopt QR Standard

In line with its thrust of ensuring the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring the adoption of a National Quick Response (QR) Code Standard for payments. The QR

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Vietnamese E-Wallet Smart Pay Strengthens Security with Level 2 PCI-DSS

On the 27th September 2019 SmartPay is officially qualified for Level 2 of PCI DSS (Payment Card Industry Data Security Standard) by Crossbow Labs. Since its launch, SmartPay has committed to maintaining rigorous data security standards to ensure that their

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TransferWise Rules out Digital Banking License, Rolls Out Multi Currency Card Instead

UK-Based money transfer service TransferWise has confirmed that it will not be pursuing a digital banking license in Singapore. Venkatesth Saha, Head of Asia Pacific and Middle East expansion said in an interview (paywall) that they only have one focus

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Mobile Money: How Singapore Compares to the Rest of the World

Mobile money has changed the face of finance since the concept was pioneered in Kenya nearly 20 years ago. We can broadly define mobile money as any monetary value stored on a mobile device, be it a feature phone or

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Razer Fintech Appoints Ex-DBS Chairman to its Board

Razer Fintech, the financial technology arm of Razer Inc has appointed Koh Boon Hwee as a member of Razer Fintech’s Advisory Board. Koh was formerly the Chairman of DBS Bank. He has also served as Chairman of blue chip corporates

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