Payments
HitPay Gets In-Principle Nod for Payment License in Singapore
HitPay, a provider of commerce infrastructure for small businesses, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) License. This approval positions HitPay to expand its services to include merchant acquisition along
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What Drives 53% of Singaporeans Away from Digital-Only Banking?
A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly publicised bank failures, rising interest rates, and various global economic challenges. Amidst these upheavals, one constant emerged: People remain content
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Visa Launches Revamped Innovation Center in Singapore
Payment giant Visa has unveiled its newly transformed Innovation Center in Singapore which will serve as a collaborative space for partners, clients, and businesses across the Asia Pacific region, fostering the development of advanced payment solutions. As the digital payment
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What Is Dedicated SaaS and How Is It Reshaping Payments?
Software as a service (SaaS) is a significant part of the global software market, making up one-third of it, and is making an impact across various industries, including payments. New fintech companies leverage SaaS for swift product launches without significant
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Alchemy Pay Now Supports AlipayHK, DANA, QRIS, and GCash for NFT Purchases
Alchemy Pay, a Singapore-based provider of fiat-crypto payment solutions, has expanded its services in Hong Kong and Southeast Asia through the integration of popular regional payment platforms into its NFT Checkout. This includes AlipayHK, Indonesian digital wallet DANA, Quick Response
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OpenWay Earns Top 5 Spot in Juniper Research’s Digital Wallet Solutions Ranking
Global payments software provider OpenWay, renowned for its Way4 platform, has been recognised by Juniper Research as a top-five market leader in digital wallet solutions. This underscores OpenWay’s role in enabling financial institutions, including banks, processors, and fintechs, to establish
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NETS Bolsters Board with Cybersecurity Expert John Yong
The Network for Electronic Transfers (NETS) has announced the addition of John Yong as a non-executive independent director to its board, effective from 19 February. Yong brings over 40 years of experience in the field of information and communication security,
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Ceridwen Choo Named CEO of New Payment Innovation Unit at DCS Card Centre
Singaporean fintech DCS Card Centre has established the DCS Innov, a fresh division aimed at propelling digital innovation in the payments space. Ceridwen Choo, an executive known for her extensive experience in the fintech and global payment networks, has been named
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Simplifying Global Money Movement with Visa Cross-Border Solutions
In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it
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Visa Veteran Ruben Genovez Joins TerraPay as President to Drive Global Expansion
Payments infrastructure company TerraPay has officially announced the appointment of Ruben Salazar Genovez as its new President. Genovez, who previously held the position of Global Head of Visa Direct, brings a wealth of experience to TerraPay, having worked with major
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