Payments
Bank Indonesia Now Has 122 Participants for Its Real-Time Payment Scheme BI-FAST
Bank Indonesia (BI) announced that it has onboarded another 16 participants for its domestic real-time payments scheme BI-FAST powered by ACI Worldwide. BI-FAST is accessible through applications or channels provided by the payment system industry to facilitate retail payment transactions
Read More
Momo’s 31 Million Users Can Now Receive Western Union Money Transfers
Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam
Read More
Walmart Invests US$200 Million in PhonePe
Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it
Read More
Southeast Asia Ushering In a Golden Era of Payments?
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. The industry is evolving at an unprecedented
Read More
ShopeePay Now Available as Payment Option for Apple Services
Shopee’s integrated mobile wallet ShopeePay is now available as a payment method for Apple services in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Customers can use their ShopeePay account to pay for App Store, Apple Music, Apple TV app, iTunes
Read More
Stripe Raises US$6.5 Billion at a Valuation Slashed by Almost Half
Stripe, a payments and financial services providers for businesses, has raised more than US$6.5 billion in a at a US$50 billion valuation, a sharp decline from its 2021 valuation of US$95 billion. Despite the 47% discount from its record valuation,
Read More
NETS’ Merchants Can Now Accept Mastercard and Visa Payments on Their Terminals
The Network for Electronic Transfers (NETS) Group has inked agreements with Mastercard and Visa to acquire merchants directly in Singapore. Eligible merchants can now have access to an enhanced suite of digital payment schemes such as NETS, Mastercard, and Visa
Read More
Cash Is No Longer King in Singapore, Visa Study Says
More than 9 out of 10 Singaporeans prefer card payments over cash, according to the latest Consumer Payment Attitudes Study by Visa in 2022. The study, conducted with 1,000 Singaporeans, found that 97% of Singaporeans use credit or debit cards
Read More
Payments Firm Nuvei Launches in Australia to Strengthen Global Footprint
Canadian payments company Nuvei has launched its services in Australia as it continues growing its APAC presence following its expansion to Singapore and Hong Kong last year. Australian businesses will have access to Nuvei’s full suite of payments solutions including
Read More
MAS to Enhance Security Measures to Prevent Cross-Border Payment Scams
The Monetary Authority of Singapore (MAS) said that it is working actively to review and enhance the suite of anti-scam measures in light of the launch of the real-time cross-border retail payment linkages, in a written reply to a parliamentary
Read More