Payments
M-DAQ Inks Deal to Buy Wallex on the First Stop of Its Acquisition Spree
M-DAQ, a platform that prices and trades exchange-traded products in a multitude of currencies, has signed an agreement to acquire Wallex, a B2B cross-border payments provider with licenses in Hong Kong, Indonesia, and Singapore. In addition to the amount paid
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BNPL Players Are Reinventing Online Commerce
These past few years have seen the exponential growth of the buy now, pay later (BNPL) arrangements, a trend that’s been fueled by the accelerated digital shift, and the surge in e-commerce activity. Now, that burgeoning industry is showing no
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Huawei Partners Aleta Planet and UnionPay to Launch New Virtual Card
Huawei has partnered with Singaporean payments service provider Aleta Planet to enable its users to make digital payments with the new AP-1 / Huawei Pay UnionPay card. According to Aleta Planet, the AP-1 UnionPay virtual card can be easily added
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Deep Dive: Uncovering Short-term Opportunities for Global Banking
The banking sector in Asia Pacific is filled with opportunity in 2022, whilst also facing intensified competition. Rapid infrastructure developments and emerging technologies coupled with the pandemic have accelerated digital adoption across the region. Industry wide initiatives, most notably the
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Swiss Payments Firm Netcetera Receives UnionPay Certification
Netcetera, a Swiss software company providing digital payment solutions, has become a UnionPay-certified third-party service provider and is fully compliant with the card network which has issuance in more than 75 countries. The UnionPay certificate means even more business opportunities
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Visa: Singaporean MSMEs Plan to Accept BNPL, Crypto Payment Options in 2022
Ninety-four percent of micro, small, and medium enterprises (MSMEs) in Singapore will accept some form of digital payments in 2022, compared to 82 percent globally, according to Visa’s Back to Business Study. Nearly three-quarters (72%) of them are expecting their
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Cambodian E-Wallet U-Pay Picks IPification for One-Tap Verification Solution
Cambodian mobile payments services provider U-Pay announced that it has integrated Hong Kong’s mobile identity solutions provider IPification’s verification solution. U-Pay said that its users will now be able to verify their identity with only one click for a streamlined onboarding
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Bank Indonesia Launches Its First Real-Time Payments Infrastructure With ACI Worldwide
Bank Indonesia (BI), the country’s central bank, has launched its first real-time payments infrastructure BI-FAST that is driven by ACI Worldwide, a global provider of real-time payments and digital payment solutions. BI-FAST is an integral part of Indonesia’s ongoing digital
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China, India and Indonesia Record Highest Digital Wallet Adoption Rates Across APAC
Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and
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Mastercard Users Can Soon Buy NFTs From Coinbase’s Marketplace
Mastercard announced a partnership with cryptocurrency exchange Coinbase to let people use their Mastercard cards to make purchases on the latter’s upcoming non-fungible token (NFT) marketplace. This partnership comes on the heels of the company’s recent “Coinbase NFT” launch, a
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