Payments

RBI, BIS Kicks off G20 TechSprint Competition Focused On Cross-Border Payments

The Reserve Bank of India (RBI) and Bank for International Settlements (BIS) has jointly launched the fourth edition of the G20 TechSprint Initiative, a global technology competition to promote innovative solutions aimed at improving cross-border payments, under India’s G20 presidency.

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Top 5 Trends Shaping E-Commerce in 2023

MRC, Cybersource and Verifi have released a new report that shares findings of a survey of global e-commerce merchants which. This study highlights the top trends in e-commerce in 2023. The study, which polled 1,000+ merchants involved in e-commerce in

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Revolut Enables Singapore Customers to Link With 6 Banks for In-App Top-Ups

Revolut, a global neobank with more than 28 million customers worldwide, announced that its Singapore customers will be able to link, and top-up directly from up to six different bank accounts within the app. This feature is enabled by electronic

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Alipay Transactions Nearly Double in Singapore, Spurred By Surging Chinese Tourists

Alipay, the Ant Group-owned digital payment and service platform, revealed that Chinese tourists in Singapore nearly doubled their total transaction value via its app in Q1 2023, compared to Q4 2022. This surge in growth was attributed to China reopening

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Alipay+ Integrates With SGQR to Enable QR Payments at 11,000 Hawkers

Alipay+ has partnered with Singapore’s leading payment services group, Network for Electronic Transfers (NETS), to integrate with SGQR, the world’s first unified payment QR code. The SGQR integration will make the Alipay+ suite of digital payment solutions available at approximately

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Razorpay Sets up Advisory Board Chaired by Former Deputy Governor

Indian payment gateway provider Razorpay has formed an advisory board led by Reserve Bank of India’s former Deputy Governor N. S. Vishwanathan as its Chairperson. Other members of the board include Chairman of HDB Financial Services Arijit Basu, retired IAS

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Adyen Promotes Priyanka Gargav as Country Manager for Singapore

Global payments platform Adyen has announced the appointment of Priyanka Gargav as its Country Manager for Singapore as she continues in her current role as the firm’s Head of Commercial for Southeast Asia & Hong Kong. In her new role,

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UOB and Lazada Collaborate to Offer Loans for Sellers, Co-branded Credit Cards

UOB and Lazada Group will collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and Vietnam. This will be Lazada’s first partnership with a bank across

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Ryan Reynolds Breaks Into Fintech With Investment in Payments Firm Nuvei

Canadian payments company Nuvei has received an investment from Hollywood actor, producer and entrepreneur Ryan Reynolds. Details of the investment was not disclosed. Nuvei’s card acquiring services is available in more than 200 markets, including direct local acquiring in over

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Thunes Gets Nod for New Payment License in France

Global cross-border payments firm Thunes announced that it has been granted a payment license by the French regulator, enabling it to send payments worldwide on behalf of its French or EU customers and partners. The latest regulatory approval in France

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