Payments

Why B2B Payments Is The Next Big Domino in APAC’s Fintech Innovation Wave

In the midst of the Covid-19 pandemic, a 2020 McKinsey report projected that Asia’s payments sector would be well positioned to exceed US$1 trillion in annual revenue by 2022 or 2023, despite also forecasting a temporary 1-8% decline in Asia’s

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MatchMove Snaps up Shopmatic in a US$200 Million Deal

Singaporean fintech MatchMove has acquired e-commerce specialist Shopmatic in a US$ 200 million deal. Both companies said in a joint statement that they aim to “create an end-to-end embedded finance and e-commerce powerhouse”. MatchMove’s platform provides customisable, fast, secure and

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Indonesian Fintech Unicorn Xendit Raises US$300 Million Series D

Xendit, an Indonesian payment gateway for businesses, announced that it closed US$300 million in a Series D funding round, bringing its total funds raised to US$538 million. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger

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YouTrip Rolls Out New Corporate Card With Credit Facility for SMEs

Singapore’s neobank YouTrip announced that it has launched its new corporate card “YouBiz” that is powered by Mastercard for SMEs. YouBiz enables SMEs to generate physical and unlimited virtual cards for payments in over 150 currencies at more than 80

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Airwallex Rolls Out Virtual Business Debit Cards and Expenses Solution in Singapore

Global fintech Airwallex announced the launch of its Airwallex Borderless Card for its Singaporean customers today. The Airwallex Borderless Card is a virtual multi-currency Visa business debit card that enables businesses to easily make online card payments anywhere that Visa

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Here Are The Top Trends Shaping India’s Payment Scene

India’s digital payments space has seen a massive boom over the past few years, a growth that’s been supported by an expanding e-commerce marketplace and the wider availability of acceptance infrastructure at physical stores. Building on the rise in digital

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EZ-Link Partners With Mastercard for Greater Digital Payments Capabilities

EZ-Link announced the launch of its enhanced EZ-Link Wallet that was developed in collaboration with Mastercard. When users activate the new Pay by Wallet feature, they can use their EZ-Link Wallet to make online and in-store contactless payments at over

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Luno Secures MAS’ In-Principle Approval to Offer Crypto Services

Global cryptocurrency company Luno has been granted in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide Digital Payment Token (DPT) services in Singapore. MAS has granted in-principle approvals to Coinhako, Hodlnaut, Paxos, Digital

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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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