Payments

MAS Green Lights Nityo’s US$100 Million Investment in MatchMove

The Monetary Authority of Singapore (MAS) has approved Nityo Infotech Corporation’s investment into Singaporean fintech MatchMove Pay six months after it was initially announced. This also marks the completion of MatchMove’s Series C funding round. MatchMove will remain independent with

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Instant Cross-Border Payments Will Soon Become a Reality in APAC

Rapid adoption of instant payments and the proliferation of national real-time payment rails are making Asia-Pacific (APAC) a leader in real-time transfers. This, coupled with efforts to make cross-border payments faster and most efficient, are turning the region into a

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Crypto Payments Firm TripleA Secures Digital Payment Token License From MAS

Cryptocurrency payments company TripleA has been granted a Digital Payment Token license by the Monetary Authority of Singapore (MAS). The license allows TripleA to provide end-to-end cryptocurrency payment services for businesses. This includes crypto payments, payouts, remittances, and white-label trading

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Thunes Appoints Payments Expert Biren Zandani to Accelerate Growth in APAC

Global cross-border payments company Thunes announced that it has appointed Biren Zandani as the SVP for Asia Pacific (APAC). Biren, based in Singapore, is a recognised payments expert with over 20 years of experience in financial services, particularly B2B, B2P,

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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending

Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek

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NETS Announces Two New Board Appointments From OCBC

Network for Electronic Transfers (NETS) announced that Sunny Quek and Melvyn Low have been appointed to its Board of Directors, effective 1st November 2021 onwards. Sunny Quek, who is OCBC’s Head of Consumer Financial Services,  succeeds Ching Wei Hong, the

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Thunes Intergrates Into Finastra’s SaaS Platform to Offer Alternative Payment Rails

Thunes, a Singaporean cross-border payments network, announced that it will integrate into Finastra‘s Software as a service (SaaS) payments connectivity platform – Fusion Total Messaging. The partnership will allow Finastra’s customers, mainly financial institutions, to access new payment rails across

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Singapore and the Philippines Ink Deal for Cross-Border QR Payments Linkage

The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed a deal to to facilitate interoperable payments between the two countries. The enhanced Fintech Cooperation Agreement (CA) builds on the earlier 2017 agreement to broaden

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Singapore Rolls Out New e-GIRO Service to Shorten Processing Time to Minutes

The Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat announced the launch of e-GIRO, reducing processing time to minutes during his opening speech at the Singapore Fintech Festival 2021 today. GIRO is a direct debit mechanism

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MAS Green Lights Payments Unicorn Airwallex to Operate in Singapore

Cross border payments company Airwallex, announced that its Singapore entity has been granted a Major Payment Institution License by the Monetary Authority of Singapore (MAS) under the Payment Services Act at the Singapore Fintech Festival 2021 today. With this license,

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