Payments

SWIFT Go Is Now Live With 7 Global Banks for Low Cost Cross-Border Payments

SWIFT announces the launch of SWIFT Go, a new service that enables small businesses and consumers to send fast, low-cost cross-border payments anywhere in the world, direct from their bank accounts. Seven leading global banks are now using SWIFT Go

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BIS, MAS Plots Blueprint for a Global Real-Time Retail Payments Network

The Bank for International Settlements Innovation Hub Singapore Center and the Monetary Authority of Singapore (MAS) published a proposed blueprint to enhance the global payments network connectivity via multilateral linkages of countries’ national retail payment systems. Titled Project Nexus, this

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OCBC First to Integrate With IRAS to Enable Direct Payment of Taxes

OCBC Bank is the first in Singapore to collaborate with the Inland Revenue Authority of Singapore (IRAS) to enable customers to have a seamless review and payment of their income and property taxes within a single digital platform, according to

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Thunes Acquires Paris-Based Limonetik to Expand Its Cross-Border Payments Platform

Cross-border payments firm Thunes has announced the acquisition of its European counterpart Limonetik which is one of the earliest developers of an alternative payment methods platform suitable for international merchants and marketplaces. Similar to Thunes, the firm closely partners with payment

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How Will PayPal and Citi Fare in Australia’s Crowded BNPL Space?

Competition is heating up in Australia’s buy now, pay later (BNPL) market as US digital payments giant PayPal and incumbent bank Citi are entering the \vercrowded space. Just last week, PayPal launched its BNPL service to retailers in Australia, a

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Real-Time Digital Payments Soar in Southeast Asia

In Southeast Asia, real-time payment schemes are entering the mainstream with many consumers now favoring the payment option over cash, a shift caused by changing payment necessities and preferences amid the COVID-19 pandemic, a new research by industry player ACI

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Thunes Partners Cambodia’s ABA Bank for Faster, Cheaper Cross Border Payments

Global payments network Thunes announced a partnership with ABA Bank (ABA) to enable Cambodians overseas to send money back home quicker and cheaper from around the world. Powered by Thunes’ last-mile capabilities and extensive global network, Cambodians living, working and

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Thai Regulator Cautions Public That Cryptocurrencies Are Not Legal Tender

Bank of Thailand (BOT) issued a statement saying that it has continuously monitored the developments in use cases of digital assets as some enterprises have recently begun soliciting payments in cryptocurrencies such as Bitcoin and Ether as payment for goods

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Sequoia-Backed Pine Labs Raises US$ 600 Million Ahead of IPO Plans

Pine Labs, an Indian merchant commerce platform, announced that it has closed a US$ 600 million funding round ahead of its planned initial public offering (IPO) in March 2022. The round saw the entry of new investors Fidelity Management &

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Using Payment Data to Increase E-Commerce Revenue

If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization rates and increase revenue, according to a whitepaper by payment fintech Checkout.com. The paper, titled Optimizing authorization rates with access

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