Payments
Cross-Border Merchant Acquiring: New Technology, New Competitors
Cross-border merchant acquirers are busier than ever after the pandemic accelerated e-commerce worldwide. Moreover, they are getting a boost from global tourism, which is now “on track for full recovery” in 2023, according to the international arrivals data of U.N.
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Most Singaporeans View Cashless Payments as the Most Eco-Friendly Choice, Says Visa
Visa study found that nearly nine in 10 Singapore consumers consider cashless payment methods, including cards, mobile wallets and mobile banking, to be the most eco-friendly The Visa Consumer Payment Attitudes study highlighted the increased importance consumers in Singapore place
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Thunes Pockets Over US$60 Million in Series C to Expand Global Footprint
Global cross-border payments firm Thunes has raised more than US$60 million during its Series C funding round led by hedge fund Marshall Wace with support from Bessemer Venture Partners and a newly raised Southeast Asian private equity firm 01Fintech. Reports
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Razer Merchant Services Secures Visa Acquiring License in 3 ASEAN Countries
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has secured Visa’s Direct Acquiring license in Malaysia, Singapore and the Philippines, as part of a regional partnership. Simultaneously, RMS is now certified with the Visa Token Service (VTS) to
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OpenWay Sets up Its Second Hub in Vietnam
Global payments software provider OpenWay has expanded its presence in Asia with the opening of a new hub in Ho Chi Minh City, Vietnam. This latest addition marks OpenWay’s second hub in Vietnam besides the one in Hanoi. OpenWay has
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NomuPay Raises US$53.6M to Enhance Payment Acceptance in Southeast Asia
NomuPay, a unified payments platform, has successfully raised US$53.6 million to enhance its local payment acceptance and payout disbursement services for businesses operating in Southeast Asia, Turkey, and Europe. The funding round was jointly led by Finch Capital and Outpost
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Wallex Receives MAS Approval, Enhances Payment Solutions
Wallex, a B2B FX and cross-border payment platform has secured approval from Singapore’s Monetary Authority (MAS) to augment its Major Payment Institution (MPI) licence. This enhancement includes account issuance, domestic transfers, and e-money issuance services, further solidifying Wallex’s standing in
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Four E-Wallets Supported by Ant Group’s Alipay+ Now Accepted in Thailand
Chinese fintech giant Ant Group announced that the four mobile wallets supported by its payment system Alipay+ are now accepted in Thailand. These include Hong Kong’s AlipayHK, South Korea’s Kakao Pay, Malaysia’s Touch ‘n Go eWallet, and Mainland China’s Alipay
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TerraPay Expanding Its Payments Infrastructure to Make Money Move Easily
Digitalisation has made the world smaller and far more interconnected, and the traditional barriers of time, distance, and geography are eroding, paving the way for a truly globalised society. This transformation is especially evident in the realm of commerce,
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India’s XFlow Raises US$10.2 Million to Enhance Cross Border Payments
XFlow, a financial services and infrastructure company that simplifies the cross-border payments for businesses, has raised a US$10.2 million Pre-Series A funding round led by Square Peg. The round was also joined by Moore Strategic Ventures and existing investors Lightspeed
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