Payments
Payoneer Makes it Easier for Etsy Sellers to Get Paid
Payments firm Payoneer has partnered with online marketplace Etsy to streamline payments for sellers in emerging markets. The collaboration will utilise Payoneer’s global infrastructure to offer Etsy sellers more services and seamless payouts in their preferred currency. It will initially
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APAC Drives Record Growth in Global Payments Revenues as Cash Declines — McKinsey
The 2023 McKinsey Global Payments Report has recently illuminated the extraordinary performance of the payments industry in 2022. The APAC region, synonymous with innovation and economic dynamism, remains a focal point of this progress, providing a wealth of opportunities to
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YouTrip Raises US$50M, Eyes Malaysia Expansion by Early 2024
YouTrip, a multi-currency digital payments platform, has raised US$50 million in its latest Series B fundraise, bringing its total funds raised to over US$100 million since its inception. The round was led by new investor and global venture capital firm Lightspeed.
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Over 80% of SMEs Seek Alternatives to Traditional Banks for Payments
A new survey by Airwallex and consultancy Edgar, Dunn & Company has revealed surging demand for cloud-based financial services among small and medium-sized enterprises (SMEs), with more than 80% looking to switch away from traditional banks for their payment needs.
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Triple-A Bags US$10 Million Series A Led by Peak XV, Shorooq Partners
Crypto payment gateway Triple-A announced that it has raised US$10 million in Series A funding. The round was led by repeat investors Peak XV Partners and Shorooq Partners. The company had previously secured US$4 million in seed funding in June
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Digital Payments to Fuel 100% Growth in Southeast Asia’s E-Commerce Market
Southeast Asia is anticipating a 100% expansion in its e-commerce market over the next five years, driven by accelerated digital payments growth, led by Buy Now Pay Later (BNPL), mobile wallets, domestic payments, and credit cards. SEA leads in digital
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Alipay+ Now Supports LankaPay for Cross-Border Digital Payments
Alipay+ and LankaPay have signed a Memorandum of Understanding (MoU) to enhance inbound and outbound travel experience through cross-border digital payments. The partnership will enable users of Alipay+ payment partners to make cashless payments at over 400,000 LankaQR merchants across
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Google’s New Initiatives: Expanding Credit Access, Combating Online Fraud in India
Google has unveiled a series of initiatives at their annual “Google For India” event including bridging the credit gap, fostering generative AI and language inclusivity with a new center, and enhancing online safety and security. Addressing the significant issue of
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Nium Powers APAC Travel Innovation with Expansion of B2B Payments Offering
Global payments platform Nium has expanded its B2B travel payments offering in the Asia Pacific (APAC) region, citing the rising demand for its virtual credit card offering globally. Nium’s virtual card solution is used by travel intermediaries and operators to pay
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BIS Publishes New ISO 20022 Data Requirements for Cross-Border Payments
The Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS) has published harmonised ISO 20022 data requirements for cross-border payments. These requirements will establish a consistent minimum set of messaging standards for more efficient processing
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