Payments
Visa: AI Fuels Surge in Emotion-Based Scams like Pig Butchering and Inheritance Fraud
Visa’s latest Biannual Threats Report for Spring 2024 underscores the concerning rise of “pig butchering” scams, showcasing the sophisticated threats plaguing both individuals and businesses in the global payments ecosystem. These scams cleverly exploit emotional vulnerabilities by luring victims into
Read More
SEON Expands to Japan with Densan System Partnership
Densan System, a Japanese information and technology services company, has integrated SEON’s cybersecurity solution to bolster security and streamline user experience on its recently launched ‘PayLabo’ digital payment platform. PayLabo consolidates diverse payment methods across the APAC region into a
Read More
Airwallex Report: Singaporean Shoppers Demand Payment Flexibility, Transparency
While concerns of volatile macroeconomic conditions persist into 2024, there are signs that point to continued growth in global cross-border e-commerce, including for consumers and merchants in Singapore. In a recent global study conducted by global payments and financial platform
Read More
Australian Payments Plus Join Forces With Swift to Combat Fraud
Swift has been selected by Australian Payments Plus (AP+) to develop a new service aimed at enhancing the safety and security of money transfers in Australia. This service, known as confirmation of payee, is designed to minimise the risk of
Read More
Charles & Keith’s E-Commerce Revenue Surges After Nuvei Integration
Singaporean fashion retailer Charles & Keith has joined forces with Canadian payments firm Nuvei Corporation to revamp its online payment systems amid its ongoing international growth strategy. A single integration with Nuvei’s comprehensive payments technology platform will enable Charles &
Read More
Mastercard Partnership with Alipay Offers Faster, Secure Remittances to China
Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipay to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. Mastercard’s initiative is expected to be a boon for
Read More
QR Code Payment Integration Between Japan and ASEAN Set for 2025 Launch
Japan and the Association of Southeast Asian Nations (ASEAN) are set to integrate their QR code payment systems by 2025, according to a Bernama report. Negotiations between Japan and ASEAN nations are ongoing, with both parties keen on implementing the
Read More
Deadpool Actor-Backed Nuvei in Advanced Talks for Acquisition Deal
Private equity firm Advent International is engaged in advanced discussions to acquire Nuvei, a Canadian payments technology company, according to a source familiar with the matter. Nuvei, a processor of business transactions, made its public debut with a US$700 million
Read More
Inypay Update Highlights Significant Growth and Plans for Regional Expansion
Inypay, a neo-bank headquartered in Singapore, recently took to LinkedIn to announce substantial progress in its initiatives to enhance financial accessibility across Southeast Asia. In a detailed update, the bank revealed the successful launch of its consumer and partner applications, INYPAY
Read More
Xendit Ventures into Thailand Amidst Southeast Asia Expansion
Indonesian unicorn Xendit has broadened its operational horizon by extending its services to Thailand, marking another step in its expansion across Southeast Asia. This move comes as part of the company’s strategic efforts to explore new markets, building on its
Read More