Payments

YouTrip Sets up Innovation Lab to Expand Team Ahead of Brand Revamp

Singapore’s multi-currency travel wallet YouTrip announced that it will be establishing an innovation lab in the country to fast-track its technology capabilities and product development. YouTrip’s expanded workforce in the innovation lab will be crucial in driving the development of

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Y Combinator-Backed Spenmo Closes US$34 Million Series A Fundraise

Singaporean payments firm Spenmo has raised US$34 million in an oversubscribed Series A investment round. It is touted to be the largest Series A round closed for a Y Combinator-backed company in Southeast Asia. The round was led by New

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Thunes Makes Key Hires to Drive Global Expansion Plans

Singaporean cross-border payments firm Thunes has appointed Irina Chuchkina as Chief Marketing Officer and Babul Balakrishnan as Head of Customer Care to support its global growth strategy. These appointments follow the announcement of Thunes’ acquisition of Limonetik, a European Payment

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Indonesian Payments Firm Xendit Minted as Unicorn With US$150 Million Fundraise

Indonesian payments firm Xendit is now a unicorn with the closing of its US$150 million Series C funding round. The round was led by Tiger Global Management with participation from existing investor Accel, Amasia, and Justin Kan’s Goat Capital. With

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Singapore’s PayNow to Link Up With India’s UPI for Real-Time Payments by 2022

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low

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Empowering SMEs to Take the Friction Out of Card Payments With Suppliers

Cash is king. Every business owner knows these three words by heart, and for good reason. Cash is the lifeblood of every business: more cash means better access to working capital, which means more flexibility in business operations, and a

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In Southeast Asia, New Digital Habits Boost Digital Payments and Consequently Fraud

COVID-19 has sparked a global spike in e-commerce sales and online businesses as lockdowns force consumers to turn to online channels to shop. As everyone embraces e-commerce, cashless payment methods including cards and digital wallets have surged, bringing with it

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Payment Transaction Authentication Methods, Which Is the Best?

Nowadays the usual user authentication methods to portals, enterprise systems, VPNs and so on, are familiar to us all. We all know about authentication factors (what you know, what you have, and what you are), two-factor authentication, multi-factor authentication, how

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Digital Payment Token Services Among Three New Licenses Granted to FOMO Pay

FOMO Pay, a QR code payment solution provider in Singapore, has been granted new licenses from the Monetary Authority of Singapore (MAS) to operate three new regulated activities. Starting today, merchants can now leverage on FOMO Pay services to accept

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APAC E-Commerce Customers Embrace Digital Wallets and Buy Now, Pay Later

In Asia Pacific (APAC), customers are embracing new payment methods such as digital wallets and buy now pay later (BNPL) arrangements for their online purchases, found a new research by Stripe in partnership with Edgar, Dunn & Company. A survey

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