Search Results for "PayNow"
Unleashing ASEAN’s US$2 Trillion Potential in Payment Connectivity
Leaders of the Association of Southeast Asian Nations (ASEAN) recently declared to advance regional payment connectivity and promote local currency transactions. Recognizing the potential benefits of using local currencies, they emphasized the importance of strengthening financial resilience, deepening regional financial
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Are Major Banks in Singapore Realising Their Digital Transformation Agendas?
Singapore, renowned as a financial hub and the prominent digital economy in Southeast Asia, is spearheading digital transformation in financial services, including its incumbent banks. While traditional banks have been sluggish to modernise in the past, this recent digital transformation
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A Snapshot of 2023 Payment Trends in Asia
In 2022, usage of digital wallets and account-to-account (A2A) payments continued to grow in Asia-Pacific (APAC), carrying on a trend that was accelerated by the COVID-19 pandemic and the expansion of real-time payment systems, a new report by global financial
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What is The Most Popular E-Wallet in Thailand?
In Thailand, usage of e-wallets continues to gain in popularity, driven by infrastructure enhancements, real-time payment efforts and a push from the government to promote a move towards cashless transactions. Usage of cash carried on its decline last year, accounting
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Singapore Residents Can Now Pay Through Their WhatsApp Chat
Singaporeans will be able to pay local businesses right from their WhatsApp chat from today onwards. This will enable customers and businesses buy and sell directly on WhatsApp without having to go to a website, open another app or pay
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OCBC Expands Programme to Teach Digital Banking to Another 2000 Seniors
OCBC Bank announced that it will be expanding its Digital Silvers programme to upskill an additional 2,000 seniors with digital banking skills. The OCBC Digital Silvers is a one-on-one training programme for elderly customers aged 60 years and above to
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Indian Central Bank Halts ‘New Umbrella Entity’ Project Intended to Rival UPI
The Reserve Bank of India (RBI) has halted plans for the pan-India New Umbrella Entity (NUE) for retail payment systems that was meant to rival that of the United Payments Interface (UPI). The Indian central bank had opened up bids
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Malaysia and Singapore’s QR Code Payments Linkage Has Gone Live
The cross-border QR code payment linkage between Singapore and Malaysia has gone live, enabling customers of participating financial institutions to make payments by scanning NETS QR and DuitNow QR codes. This will support in-person payments through the scanning of physical
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Ushering in A Golden Era of Payments in Southeast Asia
The payments industry is undergoing a massive shift globally, and for some time now Southeast Asia has been emerging as a significant regional player pushing innovation and adoption in this lucrative fintech space. Payments in Southeast Asia is evolving at
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Sea’s MariBank Now Available to the Public on an Invite-Only Basis
MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, is now available to the public on an invite-only basis as it is in the midst of rolling out its services progressively. Interested parties
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