Vietnam Officially Joins ASEAN’s Regional Payment Connectivity

The central bank of Vietnam has officially joined the Regional Payment Connectivity (RPC) initiative to make cross-border payments faster, cheaper as well as more transparent and inclusive. The RPC initiative, encompassing several modalities including QR-code and fast-payment based cross-border payments,

Read More

MAS Responds to Public Criticism of Cheque Phase-Out Plan

The Monetary Authority of Singapore (MAS) has acknowledged that some businesses and customers may have difficulties and challenges in moving away from cheque usage. MAS explained that while banks had generally not charged customers for to process cheques, that is

Read More

Fintech Basics: What is Buy Now Pay Later (BNPL) ?

Ever wondered what is buy now pay later? Imagine walking into a store, picking up a gadget or designer outfit you’ve been eyeing, and taking it home immediately without paying the full price upfront. This isn’t a shopper’s fantasy; it’s

Read More

YouTrip Users Can Now Link Their Cards to Apple Devices

Singapore’s multi-currency e-wallet YouTrip has rolled out Apple Pay integration to provide its users more options to pay for in-store purchases, online transactions and public transportation. The company said in a statement that its users will now be able to

Read More

Payoneer Singapore Gains MAS Approval for Payment License

Payments firm Payoneer Singapore announced that it has been granted a Major Payment Institution license from the Monetary Authority of Singapore (MAS). The firm received the in-principal approval in December last year. The license will enable Payoneer to expand its

Read More

A Snapshot of Major Real-Time Payments Networks in Asia

Real-time payments are transactions made between bank accounts, processed, cleared, and settled within seconds, o any given day or time. The FIS Global Payments Report 2023 highlights the Asia Pacific region as a global frontrunner in real-time payments, propelling account-to-account

Read More

Apple Pay Now Available in Vietnam Through Visa

Payment giant Visa announced that it has made Apple Pay available to its users in Vietnam in a push for cashless payments in the country. Major banks such as Asia Commercial Joint Stock Bank (ACB), Military Commercial Joint Stock Bank

Read More

TerraPay Gets In-Principle Approval for Payment License From MAS

Global payments infrastructure company TerraPay received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Through this approval, TerraPay’s customers and global enterprises will be able to access its extensive network; 120 countries

Read More Secures Digital Payment Token License in Singapore

Crypto company was granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on 1 August 2023. With this new license, will be able to provide regulated digital payment token (DPT) services to its

Read More

FOMO Group Acquires CapBridge, 1X Exchange to Expand into Capital Markets

FOMO Group, a financial holding company that owns FOMO Pay, has acquired CapBridge, a capital markets service and asset custody firm, and private securities exchange company 1X Exchange. CapBridge is a digital online investment syndication and distribution platform with Capital

Read More