Payments
Former WeWork Regional MD Launches Buy Now, Pay Later Solution With 7-Figure Funding
Entrepreneur Turochas “T” Fuad who had previously founded Spacemob and Travelmob, has launched his latest venture Pace Enterprise, a Buy Now Pay Later (BNPL) solution that facilitates extended buying limits to underserved segments. Pace raised a seven-figure seed round co-led
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Singaporeans Encouraged to Hand Out E-Hong Baos for Lunar New Year
The Monetary Authority of Singapore (MAS) is encouraging Singaporeans to use e-hong baos, monetary gifts given in envelopes, during the coming Lunar New Year. This is in line with the safety measures currently in place due to COVID-19. E-hong baos
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Mastercard Pilots Cloud Payment Acceptance Solution on Smartphones
Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California based independent IT services provider. Its software is hosted on Microsoft’s Azure Cloud platform.
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5 E-Commerce Payment Trends to Watch out for in 2021
COVID-19 has accelerated consumers’ shift to digital channels with online shopping volumes reaching new highs around the world. In Southeast Asia, e-commerce has emerged as the growth engine for the region’s digital economy, growing 63% to reach US$62 billion in
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Mastercard and Pine Labs Plans to Expand ‘Pay Later’ Solution in South East Asia
Mastercard and Pine Labs will launch their integrated “pay later” solution in five more South East Asian markets early next year. This will offer consumers the flexibility of zero-interest instalments on purchases, expand business for merchants and connect banks, fintechs,
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Mastercard Partnership Enables You To Turn Your Wearables into Secure Payment Devices
Mastercard, in partnership with MatchMove, a Singapore-based ‘Banking-as-a-Service’ provider and Tappy Technologies, a wearable payment integrator, have introduced tokenisation into a small, flexible chip which can be attached to a range of battery-less wearables and accessories such as watchstraps or
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CardUp’s New Solution Enables Businesses to Use Credit Cards for Overseas B2B Payments
CardUp, a digital credit card enablement platform, has launched a new solution that enables businesses to instantly access credit on international payments at competitive rates. While the global remittance market is dominated by bank to bank transfers, CardUp enables these
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E-Wallets Will Soon Have Access to E-Payment Platforms FAST and PayNow
The Monetary Authority of Singapore (MAS) announced that non-bank financial institutions (NFIs) that are licensed as a major payment institution under the Payment Services Act, will be allowed to connect directly to Fast and Secure Transfers (FAST) and PayNow from
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Which Fintech Firms Are Breaking Into Banking With Credit Cards?
One staple of the financial world in the whole of Asia has been the credit card. These handy cards allow people around the continent to access cash that they might not actually have in the bank. Once the money is
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Sephora Singapore Ropes in Atome to Offer Buy Now, Pay Later Payments
French beauty retail giant Sephora Singapore has partnered with Atome, a buy now, pay later service, to offer customers flexible payment options across its e-commerce website, mobile app as well as physical stores in Singapore. Atome launched its service in
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