Category : Payments

UOB Joins the Mobile Cross-Border Remittance Bandwagon with UOB Mighty

It appears that Grab is not the only one that is honing in their focus on mobile cross-border remittances, incumbents seems to be unwilling to be left out of the game. UOB announced that they have successfully completed a cross border P2P fund transf...

Vietnam Messaging App Zalo: A Super App which might be bought by Facebook in 2020

Following on the lead of other “super apps,” Zalo has been integrating new functions into its app, including a payment platform called Zalo Pay, which was introduced last year. Launched in 2012, Zalo is Vietnam’s premier chatting platform, with more...

Singapore and Thailand QR Payments Will Soon Be Standardised

Thanks to a partnership signed between NETS and ITMX, Thailand’s interbank payment infrastructure, Thai mobile wallet users will soon be able to scan the NETS QR Code and NETS Pay Users in turn will also be able to scan the Thai Standardised QR...

Visa and Stripe to Launch Instant Payments on Stripe Connect

Visa, has teamed up with Stripe, a fintech company focusing on online payment processing, to enable its real-time push payment solution on Stripe Connect, the company’s solution for multi- sided marketplaces and platforms. Visa Direct offers re...

Grab To Have UOB’s Digital Banking Service Integrated into Its App

United Overseas Bank Limited (UOB) and Grab today announced they have entered into a strategic alliance to accelerate the use of digital services among ASEAN’s growing base of digital consumers. Interestingly, this announcement comes shortly after Go...

Razer Pay To Be Accepted in NETS Terminals in 2019

Razer, a global lifestyle brand for gamers, today announced that it is working with NETS Group to enable Razer Pay acceptance on NETS unified POS terminals, with the goal of enabling full interoperability by the time Razer Pay launches in Singapore i...

DBS and GO-JEK Teams Up in a Fight Against Grab in South East Asia

DBS Bank and GO-JEK today announced that the two parties have entered into a regional strategic partnership. The partnership will see the two companies work together on payment services ahead of GO-JEK’s arrival in Singapore and this will soon...

GrabPay Inks Partnership with Kasikorn Bank — Cements Presence in All 6 ASEAN Countries

Grab is ramping up its fintech ambitions, the company announced today that they have secured a strategic partnership with Kasikorn Bank, a major banking group in Thailand. In this partnership both parties will jointly introduce a co-branded mobile wa...

Mobile Payments, Internet Banking See Rapid Growth in Vietnam

Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144% per year over the past five years, experts said at a conference last week. Pham Tien Dung, Di...

Grab’s E-Wallet Will Come With a Mastercard-Enabled Prepaid Card By 2019

Grab, which started out as a Southeast Asian ride-hailing platform that has since delved into “super-app” ambitions, announces a partnership with Mastercard. The pair will be issuing joint prepaid cards geared for the Southeast Asian mark...

Bolster the Digital Payment Revolution Across “One Belt One Road” Economic Corridors

EMQ, a financial settlement network in Asia based in Hong Kong, and FOMO Pay, a qr code payment solution provider in Singapore, has announced a partnership to support the growing demand for real-time international settlements from Singapore to China,...

SWIFT Completes Trial — Cross Border Payments From Singapore Made in 30 Seconds

SWIFT recently shared the successful test results of its new instant cross-border payments proof of concept. This news follows on the heels of their previous announcement of launching a sandbox which allows fintech players to test on Australia’...

Local Fintech Firm Partners with Dubai Royal Family To Expand in The Middle East

Singapore based fintech firm Touché has signed an agreement with SEED Group as their local partner. In this agreement SEED will assist Touché in expanding their fingerprint-based payment and loyalty management solution to the Middle East. Based in Du...

Fintech Regulation: New Law to Impact Mobile Wallet Operators in Singapore

Singapore is about to introduce a new law to prevent shadow banking by requiring mobile wallet operators and payments startups to ring-fence deposits so they don’t function as unregulated banks. Ravi Menon, Managing Director, MAS In an exclusive inte...

Jewel Paymentech Teams Up With one of Malaysia’s Leading Fintech Payments Firm

Jewel Paymentech a local financial risk technology company recently signed a partnership with Soft Space, one Malaysia leading payments fintech firm, who despite having their co-founder recently step down is showing no signs of slowing down. This par...