Payments

Paxos Secures MAS’ In-Principle Approval for Digital Payment Tokens Services

Paxos, a regulated blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act. With this license, Paxos is now able to offer its

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There Is No Need for a Digital Sing Dollar Now, Says MAS

The Monetary Authority of Singapore (MAS) believes that there is no pressing need for the issuance of a digital Sing dollar even though the country is ready for it, according to Lawrence Wong, Deputy Chairman of MAS and Minister for

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Visa Partners With VNPAY for Digital Payments Push in Vietnam

Visa has entered into a strategic partnership with Vietnamese electronic payment solutions provider VNPAY to enhance the digital payments experience in the country. The partnership aims to make cashless payment more accessible in Vietnam through the expansion of VNPAY’s affiliate

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Binance Launches New Fiat-To-Crypto Payments Provider Bifinity

Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, has announced the launch of Bifinity, a payments technology company and its official fiat-to-crypto payments provider. Bifinity was established in 2021 and has been powering Binance‘s fiat-to-crypto on- and off-ramps, processing

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Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments

In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud

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Volopay Raises US$29 Million Series A to Push APAC and MENA Expansion Plans

Volopay, a Y Combinator-backed corporate cards and payable management startup, has raised US$29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial

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DBS Rolls Out BNPL Payments for Credit Card Users With Mastercard and Pine Labs

Mastercard, DBS Bank and Pine Labs have partnered to launch ‘Mastercard Installments with Pine Labs”, enabling DBS/POSB credit cardholders to access Buy Now, Pay Later (BNPL) offers at checkout across a variety of merchants. DBS is the first regional issuer

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India’s RazorPay Sees 611% Growth In BNPL Business Last Year

Razorpay, one of India’s leading payment getaways, has released the 10th edition of its (COVID) Era of Rising Fintech, outlining the growth it witnessed during the past year. Among the most staggering figures shared in the report, the company said

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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer

Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief

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Thunes Sets up Miami Hub to Deepen Presence in Latin America

Global cross-border payments firm Thunes is speeding up its global expansion by setting up a regional hub in Miami to expand into new Latin American markets. Thunes has established regional payout partnerships that are available in 16 Latin American countries,

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