Payments

Trip.com Partners Atome for BNPL Payments in APAC

Travel platform Trip.com has partnered with buy now pay later (BNPL) provider Atome to offer BNPL options to its customers across the region, starting first in Singapore. The partnership is Trip.com’s first-ever regional partnership with a BNPL platform and is

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Why Partnerships Between Fintech & Traditional Banks Are a Winning Proposition for Cross-Border Payments

As our society becomes more globalized, there will soon be no borders for capital. Globally, the amount of money being sent as allowance has seen significant growth as a direct result of increased migration as well as expanded business activity

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Crypto.com to Issue Credit Cards With Crypto Capabilities in Singapore

Crypto.com is now a Visa associate programme member in Singapore, enabling the company to initiate self-issuance of the Crypto.com Visa card in the country. The Crypto.com Visa Card comes with a cryptocurrency capability and is accepted by more than 80

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Grab Participates in StraitsX’s Pilot Use of Tokenised Digital Vouchers at SFF 2022

Fazz financial group’s StraitsX and Grab are testing the issuance of Purpose Bound Money (PBM) with 5,000 trial participants during Singapore Fintech Festival (SFF) as one of four trials under MAS’ Project Orchid. Participants will be able to utilise PBM

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Alipay+ Announces 2.5 Million Merchant Milestone at Singapore Fintech Festival

Ant Group’s Alipay+ announced during the Singapore Fintech Festival 2022 that its merchant coverage has more than doubled to 2.5 million merchants. By sector, this includes over 1,000 online platforms, 10 major airports, 90,000 convenience stores, 360,000 restaurants, 200,000 taxis,

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Ant Group Launches Alipay+ Digital Store Solutions

Ant Group has officially launched Alipay+ D-store, a digitalisation solution for the service industry and brick-and-mortar businesses, at the Singapore Fintech Festival 2022. Alipay+ D-store is described as a solution which businesses can use to build digital stores across multiple

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Pundi X Launches Point-of-Sale Machine Supporting Crypto Payments

Blockchain payments company Pundi X has launched XPOS Web 3.0, a point-of-sale machine which supports crypto payments made using third-party blockchain wallets. XPOS Web 3.0 builds on XPOS, the company’s flagship point-of-sale machine enabling brick-and-mortar retailers to accept crypto payments

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MAS Launches Project Ubin+

The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will look into how atomic settlement based on digital currencies can improve

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Singapore, France and Switzerland to Collaborate on Wholesale CBDC Project

BIS Innovation Hub is launching a project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Dubbed Project Mariana, it explores automated market makers (AMM) for cross-border exchanges of the hypothetical

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Singapore Digitalises Bankers Guarantees and Insurance Bonds With eGuarantee@Gov

Providing banker’s guarantees or insurance bonds to government agencies in Singapore can now be done online and within one day using eGuarantee@Gov, said Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman of the Monetary Authority of

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