Payments

Revolut Singapore’s Customers Will Soon Be Able to Trade Crypto Within the App

Challenger bank Revolut has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate a fully regulated cryptocurrency service, along with merchant acquiring services. Revolut Technologies Singapore (RTS) is already licensed as a Major Payment Institution (MPI) in

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Nium to Acquire Alternative Payments Network Platform Socash

Global payments platform Nium announced a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. Socash brings together financial institutions and digital commerce merchants into a network that allows consumers to deposit, withdraw, and make payments with cash

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Stripe Allows Singapore Businesses to Offer PayNow Transactions

Stripe, a global financial infrastructure platform for businesses, announced that its Singapore-based users can begin accepting PayNow as a payment method across its integrated suite of solutions. Since its launch in 2017, PayNow has grown to over 4.9 million registered

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Thunes Snaps up Majority Stake in Regtech Firm Tookitaki for US$20 Million

Global cross-border payments firm Thunes announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki, by making an investment of over US$20 million. Thunes made this move in the wake of rising

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Ant Group Inks Deal to Become Payments Firm 2C2P’s Largest Shareholder

Payments firm 2C2P announced that Chinese fintech giant Ant Group will become its majority shareholder in a strategic partnership. Further details of the deal was not disclosed. Through the strategic partnership, 2C2P’s extensive pool of merchants inclusive of global and

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Pine Labs Snaps up Majority Stake in Payment Solutions Firm Mosambee

Pine Labs, an Indian merchant commerce platform, announced that it has made a significant majority investment into Mosambee, a local and fast-growing end-to-end payment solution provider. This investment by Pine Labs will now value Mosambee at upwards of US$ 100

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FOMO Pay Enables Singaporean Retailers to Accept Crypto Payments

Singapore-based major payment institution FOMO Pay announced that local retailers can now accept digital payment tokens (DPT) through its new cryptocurrency payment solution. According to a statement by FOMO Pay, the new payment method targeted at retailers is the first

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Tranglo Rolls Out All-In-One Business Payment Solution for Firms of All Sizes

Tranglo, a cross-border payment processing hub, has launched a comprehensive business payment solution that helps businesses send and receive global payments quickly. The Tranglo Business solution was developed for corporates of all sizes, specifically non-payment providers such as e-commerce traders,

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Arf Launches Transactional Stablecoin-Based Working Capital Credit Line for MSBs Worldwide

Arf, the first compliant cross-border payment network running on stablecoins, announced the upcoming launch of its innovative product, Arf Credit. Arf Credit will provide an instant working capital credit line for MSBs worldwide. Traditionally, when a money service business (MSB)

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Mastercard Invests in Indian Unicorn Zeta, Signs a 5-Year Partnership

Zeta, an Indian banking tech unicorn and provider of next-gen credit card processing to banks and fintechs, announced that it has signed a 5-year global partnership with Mastercard. As part of the agreement, the firms will go-to-market jointly to launch

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