Payments
dtcpay Taps Sumsub’s e-KYC Solution for Secure Digital Currency Transactions
Singapore-based digital payments platform dtcpay has tied up with global full-cycle verification platform Sumsub to enhance the security and reliability of digital currency transactions in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe. Sumsub’s e-Know Your Customer
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10 Asian E-Wallets Now Accepted in China Through Alipay+
Ant Group has officially welcomed seven new e-wallets and payment apps from Asia to its “Alipay+-in-China” Program (A+China Program). This includes mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay (South Korea)
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Wise Lands Swift Partnership to Expand FIs’ Cross-Border Payment Options
Swift and online money transfer service Wise have announced a new collaboration to offer financial institutions and their customers more options for cross-border payments. Under the agreement, financial institutions will be able to route Swift payment messages directly to Wise’s
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Visa and Currencycloud Launch New Cross-Border Payments Solution
Visa and Currencycloud have launched a new cross-border payments solution for banks, fintechs, FX brokers, corporates, and other payment institutions. The Visa Cross-Border Solutions combines its cross-border and cash management capabilities, previously known as ‘Treasury-as-a-Service’, with solutions enabled by its
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Razorpay Acquires Digital Invoicing Startup BillMe
Indian payment gateway provider Razorpay announced that it has acquired BillMe, a Mumbai-based digital invoicing and customer engagement startup. Details of the deal was not disclosed. Founded in 2018, BillMe serves over 15,000 retail points of sale for over 4000
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Navigating the Challenges and Opportunities of Cross-Border Payments in APAC
In recent years, the payments industry has undergone a paradigm shift, altering the way consumers and businesses interact financially. According to a McKinsey report, the global payments sector is approaching a staggering revenue opportunity of nearly US$2 trillion. In the
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Nium Joins FAST and PayNow to Accelerate Real-Time Payments
Global payments platform Nium has joined the FAST and PayNow networks in Singapore and is now among a growing group of non-financial institutions participating in this initiative alongside 30 banks across the world. The FAST and PayNow networks enable seamless
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YES BANK Expands e-Rupee Acceptance with UPI QR Code Integration
India’s YES BANK has enabled Unified Payments Interface (UPI) interoperability on the Reserve Bank of India’s (RBI) Central Bank Digital Currency (CBDC) app. This enables users to scan any UPI QR code through the YES BANK Digital Rupee app and
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What Do Consumers, SMEs Look For in Cross-Border Payments?
Banks and other financial service providers find themselves at a pivotal juncture in the burgeoning low-value cross-border payments market, currently valued at US$10 trillion. A recent survey by Swift, the international payments messaging firm, offers some crucial insights. The research
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Nuvei Partners Mastercard to Offer Instant Payouts for APAC’s Online Investors
Canadian fintech company Nuvei and payment giant Mastercard have partnered to offer near-instant payout capabilities for online trading platforms and investors in the Asia Pacific region via Mastercard Send. Nuvei customers will then be able to process payouts, including business
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