Payments
Airwallex Appoints Kai Wu as Its First Singapore-Based C-Suite Exec
Payments company Airwallex announced that it has appointed Kai Wu as its Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM). Kai He will lead the new functions from Singapore, making this the company’s first C-suite executive in the
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35 Asian Nations Are Developing CBDCs – Here’s Where They Stand
Economies worldwide are increasingly considering the viability of a digitised national currency, most commonly referred to now as a Central Bank Digital Currency, or CBDC. Eleven countries have already launched their CBDCs, but none in Asia yet. There are currently 35
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Visa Appoints Adeline Kim as Country Manager for Singapore and Brunei
Payments giant Visa announced the appointment of Adeline Kim as its new Country Manager for Singapore and Brunei. Adeline will be taking over the role from Kunal Chatterjee who will take on another role at Visa to head up Innovation
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2C2P Partners Pine Labs to Expand BNPL Acceptance Across Six APAC Countries
Payments firm 2C2P has partnered with merchant commerce platform Pine Labs to expand Buy Now Pay Later (BNPL) acceptance across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand. Unlike most BNPL offerings, Pine
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NETS Rolls Out Prepaid Card With Daily Spending Limits of up to S$1000
Network for Electronic Transfers (NETS) has announced the launch of the NETS Prepaid Card, its first ‘smart’ stored-value card for retail and transit. There is no minimum age, income requirement, annual subscription fees or credit checks required for the purchase
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Thailand and Vietnam Officially Launches QR Payment Linkage
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) announced that they have officially launched their joint QR payment services as an alternative means of cross-border payments between the two countries. Nguyen Kim Anh, Deputy Governor of
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Streaming Platform Bigo Live Partners TripleA to Enable Users to Pay With Crypto
Social live streaming platform Bigo Live has partnered with crypto payment gateway TripleA to enable their users to top up account by paying with cryptocurrencies. The crypto payments, which includes Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC),
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Five ASEAN Central Banks Sign MoU for Regional Payment Connectivity
Five central banks in ASEAN announced that they have inked a Memorandum of Understanding (MOU) to collaborate on regional payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. Signed at the G20 Leaders’ Summit, the central
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New York Fed Reserve Partners With MAS to Explore Wholesale CBDCs
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments
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Asia Pacific Is the Engine of the World’s Cashless Payments Future Growth, Fueled by These Four Key Payments Trends
Two years on from the digitalisation spree spurred on by the COVID-19 pandemic, Asia Pacific’s burgeoning digital payments market continues to grow. The embrace of mobile money, e-wallets, and QR codes by consumers, businesses, and regulators alike means the region
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