Payments

Thai Regulator Cautions Public That Cryptocurrencies Are Not Legal Tender

Bank of Thailand (BOT) issued a statement saying that it has continuously monitored the developments in use cases of digital assets as some enterprises have recently begun soliciting payments in cryptocurrencies such as Bitcoin and Ether as payment for goods

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Sequoia-Backed Pine Labs Raises US$ 600 Million Ahead of IPO Plans

Pine Labs, an Indian merchant commerce platform, announced that it has closed a US$ 600 million funding round ahead of its planned initial public offering (IPO) in March 2022. The round saw the entry of new investors Fidelity Management &

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Using Payment Data to Increase E-Commerce Revenue

If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization rates and increase revenue, according to a whitepaper by payment fintech Checkout.com. The paper, titled Optimizing authorization rates with access

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85% Of Consumers in SEA Adopt Cashless Payment Solutions

Within Southeast Asia, 85 per cent of consumers adopt some form of cashless payment solution, a study by Visa has revealed. Visa’s Consumer Payment Attitudes Study 2021 also found 46 per cent of Southeast Asian consumers carry less cash in

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3 Ways Singapore Is Trailblazing the Cross-Borders Payments Scene

As digitalization blurs the physical borders between countries, it is estimated that the total global cross-border payment flow can surpass USD156 trillion by 2022. In the European Union (EU), the Single Euro Payments Area (SEPA) is a timely solution that

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Nityo Invests US$100 Million in MatchMove to Become Its Largest Shareholder

IT services provider Nityo Infotech has invested US$ 100 million in Singaporean fintech MatchMove Pay in return for a significant equity stake, becoming the largest shareholder in the latter’s firm. Nityo said in a statement that it values the company

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Stripe Enables GrabPay Payment Option for E-Commerce Merchants

Stripe, an online payment processing company, has partnered with GrabPay to enable businesses across Southeast Asia to offer consumers a more rewarding and convenient online payment method through the latter’s e-wallet, starting in Singapore and Malaysia. The partnership with GrabPay

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Real-Time Digital Payments Volume Surges 48% in Singapore

Singaporeans are moving away from paper-based payments and embracing real-time digital payments and mobile wallets, a shift that has accelerated with COVID-19, a new report by ACI Worldwide Real-Time Payments and GlobalData says. 2021 Prime-Time for Real Time, a global

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Why a Shift to This New Security Standard is Crucial for Asia’s E-Commerce

With online commerce booming, Asian banks and payment services providers have shown a clear interest in adopting 3-D Secure 2.0 or 3DS2. This is an improved version of the 3DS authentication protocol for card payments that comes with increased security

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Netcetera Singapore Appoints New APAC Head of Sales and Partnerships

Netcetera, a Swiss software company providing digital payment solutions, has appointed Nitin Palande as the APAC Head of Sales and Partnerships at its Singapore regional office. Nitin brings a wealth experience working across multiple geographies and industries including e-commerce, telecommunications,

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