Payments

Mastercard Deploys Generative AI to Enhance Compromised Card Detection

Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. Fraudsters frequently steal millions of payment card numbers through methods like spyware, malware, and

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KASIKORNBANK Adds Google Pay Support for Its Visa Credit Cards

Thailand’s KASIKORNBANK (KBank) has announced the launch of its new Tap-and-Pay service through Google Pay, allowing customers to make payments using their smartphones. This service aims to provide easy, fast, and card-free transactions worldwide. Natthapol Luepromchai, Executive Vice President of

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Swift Streamlines Cross-Border Payments for Corporate Clients with ISO 20022

Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services. By standardising payments end-to-end

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Trust Bank’s 0% FX Fees Result in Over S$18 Million in Customer Savings

Singapore’s digital bank Trust shared that its customers have saved over S$18 million on foreign currency transactions in the past year, thanks to the bank’s 0% foreign exchange fee policy. The data revealed that Trust Bank cards were used more

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Mastercard and Salesforce Collaborate to Improve Transaction Dispute Handling

Mastercard and Salesforce have announced a new integration aimed at enhancing the transaction dispute process. This collaboration seeks to provide consumers with a safer and more efficient shopping experience by streamlining the resolution of transaction disputes and reducing associated costs.

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Alipay+ Deepens Tourism Partnership With Thailand to Launch New Digital Features

The Tourism Authority of Thailand (TAT) and Alipay+, a cross-border mobile payment and digitalisation platform by Ant International, have expanded their partnership with new developments to attract more tourists to Thailand and enhance their travel experience. Thailand remains a top

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BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale

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audax and Paymentology to Enable Rapid Launch of Branded Card Programmes for FIs

Global issuer-processor Paymentology has announced a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered Ventures. This collaboration enables financial institutions in Southeast Asia and the Middle East to launch and manage branded card

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Euromonitor: Asia Pacific Digital Payments to Overtake Cash by 2028

Direct digital payments are set to overtake cash transactions in the Asia Pacific region by 2028, according to findings from Euromonitor International. Asia Pacific recorded the highest digital payment transaction value in 2023, worth US$ 29,063 billion and accounting for

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UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation

The United Kingdom and Singapore had convened for the 9th UK-Singapore Financial Dialogue yesterday (8 May 2024) to deepen their cooperation in sustainable finance and fintech. The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial

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