Category : Payments

Vietnam Central Bank Drops Plan to Cap Foreign Ownership in E-Payment Companies

The State Bank of Vietnam (SBV) has scrapped its initial plan to limit foreign ownership of locally registered e-payment companies to 49% after consulting with experts and industry participants, according to a VN Express report. In a note released ea...

32 Non-Bank Organizations Licensed Providing Payment Services In Vietnam: The Complete Updated List

In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as ele...

32 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete Updated List

Indonesia’s is WeChat Pay and Alipay’s Next Battleground

The mobile payment scene in Indonesia is burgeoning, with research indicating that it will exceed US$ 15 billion by this year. This trend is largely driven by heavy investments into the space by major players like GoPay and OVO, alongside supportive...

Singapore’s Payment Services Act Expands MAS’ Scope to Regulate Crypto Payments

The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act). The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confid...

London-Based CurrencyCloud Eyeing Singapore Office After Raising US$ 80 Million

London-based B2B cross-border payments platform Currencycloud announced that it has secured an additional US$ 80 million in funding. As part of its Series E funding round, Currencycloud received new backing from leading global institutions such as Vi...

Vietnam’s Mobile Payments Landscape Sees Strong Developments

Vietnam’s mobile payments landscape has continued to evolve on the back of strong growth and expansion coming from industry players, investment deals, and efforts by the government to establish a favorable environment for the industry to thrive. Viet...

TransferWise Customers in SG Can Now Receive Money Using Just Their Mobile Number

TransferWise announced today that they have become the first international money transfer service to allow Singapore customers to receive money using just a mobile number. For Singaporeans with a PayNow profile, receiving international transfers can...

Grab’s New GrabPay Card is Completely Numberless

Grab announced today the launch of their GrabPay Card which is available in Singapore starting today. The physical card is completely numberless front and back, the thinking behind this design according to Grab is to avert the prospect of theft and p...

Asia Pacific Leads in Adoption of Mobile Financial Services

It’s undeniable that the introduction of mobile technologies has brought about radical innovation across industries, among those that are most impacted, is the personal finance space. Though the growth of finance apps has become a global phenom...

NETS ATM Card Payments Now Available in 7,400 Spots in Malaysia

Network for Electronic Transfers (NETS) and its Malaysia equivalent, PayNet, announced today the launch of a real-time cross border payments usage of NETS ATM cards in Malaysia and vice versa. In April 2019, the joint statement by Tun Dr Mahathir Mo...

PayPal and Mastercard Extend Instant Transfer to Singapore & Europe

Following the launch of its Instant Transfer feature in the U.S., PayPal and Mastercard recently extended the service to Mastercard cardholders in Singapore and a number of European countries. Mastercard Send is an application that leverages the card...

Payments Giant GPS Launches APAC Hub in Singapore

Today, leading payments issuer processor, Global Processing Services (GPS), announces the launch of its APAC hub in Singapore. Announced at the Singapore Fintech Festival, GPS has chosen Singapore as its new regional headquarters to best support its...

PayNow QR is The Latest to Adopt SGQR, Singapore’s Unified Payment QR Code

The Association of Banks in Singapore (ABS) announced yesterday that PayNow QR will adopt the Singapore Quick Response Code (SGQR) specifications, enabling businesses to collect payments via PayNow through the national unified payment QR code, SGQR....

Google Ties Up with DBS and OCBC to Enhance Google Pay in Singapore

Announced yesterday at the Singapore Fintech Festival, Google Pay has tied up with DBS and OCBC to enhance Google Pay services in early 2020. Google Pay is currently undergoing the beta-testing phase and select OCBC Bank customers will be able to lin...