Mobile Payments

UnionBank Extends Its Free Instapay Transfers

Union Bank of the Philippines (UnionBank) announced that it has extended its free Instapay transfers or instant transfers between accounts of participating central bank-supervised banks and non-bank e-money issuers in the Philippines until the end of the year. The bank

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NETS Group Appoints New CEO

Network for Electronic Transfers (NETS) announced today that Lawrence Chan has been appointed Group Chief Executive Officer, with effect from 22 June 2020. Chan joins the NETS team with over two decades of payments experience, and a strong track record

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Visa Shares Key Findings on How COVID-19 Reshaped Consumer Payments

Visa today announced key findings on how the spending habits and behaviours of Singaporean consumers are changing as operating in the ‘new normal’ takes shape across the globe. These findings come from a Visa survey of consumers from across 40

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GBCI Ventures Pours US$11 Million into Its Own Fintech Startup

GBCI Ventures announced an US$11 Million investment into Fincy a fintech startup led by Douglas Gan, Vannesa Koh and Lim Ming Wang who are all from GBCI Ventures. In a media statement, they shared that Fincy is the venture capital

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Rapyd Research Identifies Rising Digital Payments Winners Across Asia Pacific

Rapyd, a global Fintech as a Service company, has released its 2020 Asia Pacific eCommerce and Payment Study. The study analysed the financial habits, payment methods, considerations, and preferences of consumers in seven Asia Pacific countries, uncovering how consumer buying

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TransferWise Reaches £2 Billion Milestone in Their Multi Currency Account

TransferWise,  announced today that its customers are currently holding £2 billion in deposits in the multi-currency accounts. TransferWise’s account has seen rapid adoption year-on-year by millions of expats, travellers, freelancers and businesses across the world looking for a cheaper, faster,

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Grab Launches a Fully Digital GrabPay Card in Philippines

Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience

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How Past Lessons in Digital Payments Can Help Banks Navigate in the New Normal

The past couple of decades have seen a complete upheaval in where we buy things and how we pay for them. New technologies have led to huge shifts in consumer behavior and expectation, while businesses have benefitted from faster and

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Revolut Bolsters Leadership Team in Singapore with New CEO and Two Senior Appointments

Revolut, has bolstered its leadership team in Singapore with the appointment of a Chief Executive Officer, Chief Compliance Officer and Head of Growth. This comes after it announced Martin Gilbert’s appointment as Chairman of its Board, who sat on the

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Rapyd: E-Wallet Popularity on The Rise in Asia Pacific

In Asia Pacific (APAC), adoption of fintech applications including digital wallets is booming, according to a new study by Rapyd, a global Fintech as a Service company. Rapyd, which surveyed 3,500 online consumers in APAC in March and April 2020,

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