Category : Payments

Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder

One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now...

With SG$1.5 Mil Loaded for CNY, DBS Extends its QR-Backed Money Packets for Raya

Following the launch of its loadable QR-backed Ang Baos (red packets) earlier this year, DBS is now offering the same this Raya season with the quintessential Hari Raya green packets, in hopes of fostering cashlessness in these usually high-cash acti...

Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding

YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by e...

Singapore’s NETS to Assist Myanmar in Implementing Universal QR Payment

The NETS Group today announced that it has signed a Memorandum of Understanding (MOU) with Myanmar’s national payment network to establish a Payment Technology Exchange & Development Programme. The first project under the Programme will see NETS...

Singapore Airlines Onboards Adyen to Smoothen its Flight Booking App

Singapore Airlines has partnered with fintech unicorn Adyen, to help in creating a more frictionless payments experience for customers booking flights online or in-app. The airline while working with Adyen reportedly saw an increase in authorization...

OCBC Introduces a More Seamless Checkout for Instant Mobile Payments

Rapyd a payments focused fintech, announced a partnership with OCBC Bank to enable real-time bank payments for Singapore consumers and online retailers. The partnership leverages PayNow, Singapore’s national peer-to-peer funds transfer service,...

EZ-Link Joined Forces with Malaysia’s Touch ‘N Go to Issue a Multi-Currency Joint Card

Due to a variety of reasons, Singapore’s EZ-Link and Malaysia’s Touch ‘n Go cards are synonymous with travel in their respective countries. With travel across the causeway so common among residents of both, it is about time for a ne...

58% Singaporeans Don’t Think They Can Go Without Cash for 3 Days

Despite being known internationally as a fintech hub here, it seems like Singapore is starting to fall behind on cashlessness in Southeast Asia. For example, only 68% of Singaporeans are confident in going cashless for a day, as opposed to Indonesia&...

Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its next fundraising round though, Grab sai...

New Partnership Enables Filipinos to Get Salaries in Their Gcash Wallet

Singapore-based payroll services provider Excelity Global has partnered with Philippine mobile money wallet GCash to allow disbursement of salaries and reimbursements in an employee’s GCash account. This feature is directly integrated with Exce...

All Shops in Changi Airport Will Accept E-Wallet Payments Very Soon

The various merchants in Changi were probably already on their way towards accepting QR wallet payments one way or another, but a recent agreement may help speed up that process. Changi has inked an agreement with a payments platform, Liquid Group, w...

South East Asia Could Be Fully Cashless in 7 Years: Here’s How Singapore Fares

A report recent released by Visa looks at Southeast Asia’s journey towards cashlessness. In it, 43% of Southeast Asia’s respondents expect their country to be completely cashless within the next seven years. This is all tied to reducing f...

Grab Launches “Buy Now Pay Later” and an Online Store Checkout Plugin

During Money 20/20 today, Grab made a few announcements along the fintech vertical, focusing particularly on areas that have historically proven to show high potential in the SEA region. Two of those efforts, like SME micro-loans and insurtech is alr...

Can LinePay Become Japan’s WeChat Pay?

Line Corp., the Japanese mobile applications and Internet firm operating Japan’s most popular messaging app Line, has invested US$182 million into its digital payments unit Line Pay Corp, according to a filing. The move follows a challenging year 201...

Rely Nets 7-Figure Funding for Enabling Online Payments in Installments

Rely just announced a seven-figure Pre-Series A funding led by Goldbell Financial Services. Additional funding comes from Octava, a family office based in Singapore among other strategic investors.The exact figure was not disclosed. Rely is a local f...