Payments

Bank of Thailand to Test Programmable Payments in Enhanced Sandbox

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT), announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework. This initiative responds

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Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019. Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment

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Eastnets and iPiD Join Forces to Improve Global Payment Accuracy, Fraud Prevention

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD, a beneficiary name and bank account verification service. This collaboration aims to enhance payment security and efficiency for banks, corporations, and financial institutions on a

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Thredd Taps Discover Global Network to Accelerate APAC and Europe Expansion

Thredd, a growing global payments platform, has announced its partnership with Discover Global Network at the Money20/20 Europe event. This collaboration aims to meet the increasing demand from Thredd’s clients for more flexible card programmes, especially those requiring cross-border card

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Former Swift Execs’ Fintech iPiD Raises US$5.3M in Pre-Series A

International Payment Identity (iPiD), a Singapore-based fintech that recently joined Visa’s 2024 Accelerator Programme, has raised US$5.3 million in a Pre-Series A funding round. The round, led by Monk’s Hill Ventures, also saw participation from Quona Capital, QED Investors, and

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Nium Now Valued at US$1.4 Billion with Latest US$50 Million Series E Fundraise

Global payments company Nium has raised US$50 million in a Series E funding round, valuing the company at US$1.4 billion. The round was led by a sovereign wealth fund in Southeast Asia and includes previous investors BOND, NewView Capital, and

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Temenos and Mastercard to Expand Cross Border Payment Options for Banks

Banking software company Temenos has announced a partnership with Mastercard to provide banks and their customers with more options for international money transfers. This partnership will integrate Mastercard Move, a comprehensive suite of money transfer solutions, into Temenos Payments Hub.

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New BIS Project Explores Wholesale CBDC for Faster, Cheaper Cross Border Payments

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC). Enhancing cross-border payments is

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HitPay Secures Payment License from MAS

HitPay, a Singapore-based commerce platform for SMEs, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This follows the in-principle approval issued earlier this year in February. The license will enable HitPay to provide

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SeABank Taps Visa to Bolster Its Digital Payments Offerings

Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank) and Visa have entered into a strategic agreement to enhance digital payments. This partnership aims to improve SeABank‘s payment solutions, data capacity, and expertise, advancing their payment services strategy. Visa and SeABank

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