Payments

Alchemy Pay Raises US$10 Million to Accelerate South Korean Expansion Plans

Singaporean payments provider Alchemy Pay announced that it has secured US$10 million in funding from multi-stage web3 investment firm DWF Labs. Alchemy Pay is now estimated to be valued at U$400 million and will be using the new funds to

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Tranglo Rolls Out Instant SEPA Payout to Europe

Tranglo, a cross-border payment processing hub, has announced the launch of instant Single Euro Payments Area (SEPA) payments to Europe as part of its first large-scale expansion in that region . Supported SEPA payout countries are the United Kingdom, Belgium,

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Visa Partners With Crayon Data to Enable Card Issuers to Offer AI-Powered Solutions

Crayon Data, an artificial intelligence and big data company headquartered in Singapore with a presence in Asia, Middle East and Africa, has announced its partnership with Visa. The partnership will empower Visa’s global issuers to create digital experiences for their

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Malaysia and Singapore’s QR Code Payments Linkage Has Gone Live

The cross-border QR code payment linkage between Singapore and Malaysia has gone live, enabling customers of participating financial institutions to make payments by scanning NETS QR and DuitNow QR codes. This will support in-person payments through the scanning of physical

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Marshall Wace Invests US$30 Million in Thunes’ Series C

Global hedge fund Marshall Wace has reportedly invested US$30 million in global cross-border payments firm Thunes as part of its Series C funding round according a disclosure the firm made to Singapore’s Accounting and Corporate Regulatory Authority (ACRA). A report

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Bank Indonesia Now Has 122 Participants for Its Real-Time Payment Scheme BI-FAST

Bank Indonesia (BI) announced that it has onboarded another 16 participants for its domestic real-time payments scheme BI-FAST powered by ACI Worldwide. BI-FAST is accessible through applications or channels provided by the payment system industry to facilitate retail payment transactions

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Momo’s 31 Million Users Can Now Receive Western Union Money Transfers

Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam

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Walmart Invests US$200 Million in PhonePe

Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it

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Ushering in A Golden Era of Payments in Southeast Asia

The payments industry is undergoing a massive shift globally, and for some time now  Southeast Asia has been emerging as a significant regional player pushing innovation and adoption in this lucrative fintech space. Payments in Southeast Asia is evolving at

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ShopeePay Now Available as Payment Option for Apple Services

Shopee’s integrated mobile wallet ShopeePay is now available as a payment method for Apple services in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Customers can use their ShopeePay account to pay for App Store, Apple Music, Apple TV app, iTunes

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