Payments
Crypto Payment App Oobit Raises US$25M From Tether, Solana Co-founder
Crypto payment app Oobit has successfully completed its Series A funding, raising US$25 million from the investment arm of USDT parent company Tether, CMCC Global’s Titan Fund, 468 Capital, and Anatoly Yakovenko, the co-founder of Solana. Oobit’s platform enables cryptocurrency
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Nium Scores In-Principle Approval for Two Key Payment Licenses in India
Global payments platform Nium has obtained in-principle approval from the Reserve Bank of India (RBI) for two critical payment licenses, enabling the firm to broaden its range of financial products in India. Having secured the Prepaid Payment Instrument (PPI), Nium
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Airwallex Revs Up McLaren F1’s Global Payments with Multi-Year Partnership
Airwallex, a global payments and financial platform, has formed a multi-year collaboration with the McLaren Formula 1 team. This partnership designates Airwallex as an Official Partner, where it will bolster McLaren’s financial activities worldwide through its treasury management as well
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Six More International E-wallets Accepted Through Alipay+
Alipay+ has expanded its digital payment offerings in Singapore by integrating six additional international e-wallets, increasing the total to twelve. This expansion allows tourists and residents alike to use e-wallets such as Hipay from Mongolia, MPay from Macao SAR, MyPB
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Mastercard Taps Gen AI for Faster, More Accurate Payments Fraud Detection
Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. This move aims to bolster the Mastercard’s Decision Intelligence (DI) system, a real-time decisioning tool that currently facilitates the safe authorisation
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FOMO Pay Partners Klasha for Cross-Border Payments Between Asia and Africa
FOMO Pay, a digital payment and digital banking solutions provider in Asia, has entered into a strategic partnership with global cross-border payment company Klasha. The collaboration aims to facilitate easier payment collections and payouts for FOMO Pay’s corporate clients, allowing businesses
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Nuvei Teams up With Microsoft to Streamline Payments for SMEs
Canadian fintech firm Nuvei has announced its latest integration with Microsoft Dynamics 365 Business Central, an ERP (Enterprise Resource Planning) solution tailored for small and medium-sized businesses. This integration enables organisations worldwide to incorporate various payment methods, such as card
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Transak Enables Crypto Cashouts Under 30 Minutes in Over 145 Countries With Visa
Payments giant Visa has teamed up with Transak, a provider of cryptocurrency and NFT payment infrastructure. This is set to enhance Transak’s service of converting cryptocurrency to fiat currency, benefiting users in over 145 countries through the integration of Visa
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5 Top Payment Trends Impacting Asia in 2024
The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted.
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AXS Partners with Triple-A to Launch Digital Currency Bill Payments in Singapore
Singapore-based payment solutions provider AXS has partnered with Triple-A to introduce bill payments using digital currencies through AXS’s platforms. The service, accessible via AXS m-Station, supports cryptocurrencies like Bitcoin, Ether, Tether, and USD Coin. This initiative extends payment options for
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