Category : Payments

Rapyd Disburse’s New Global Payout Features to Support Gig Economy and Marketplace Growth

Rapyd, a global Fintech as a Service company, announced today a major expansion of Rapyd Disburse, an industry-leading mass-payout platform. The company has made significant investments in the Rapyd Global Payments Network in Europe and the Americas,...

Rapyd Announces Solidarity Programme for Singapore Businesses to Adopt Digital Payments

Rapyd, a global Fintech as a Service company, today announced a new Solidarity Programme to help Singapore businesses quickly accept payments online with no fees until the end of June, enabling them to serve customers staying at home while reducing t...

OCBC Bank Is First To Enable P2P Transfers on Google Pay In Singapore

OCBC Bank has become the first financial institution to bring Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore. Singapore thereby is the third country aside from the United States and India where this service is available. With the...

Payments Firm 2C2P Launches a Venture Capital Arm

2C2P announced today that it has established an investment arm, 2C2P.VC, the formation of the investment arm is to make strategic investments in payments and related sectors, to further accelerate the growth of its omni-channel payments platform in S...

Singtel’s NCS Partners NETS to Develop New e-Payment Platform for Central Banks in Asia Pacific

NCS today signed a memorandum of understanding (MOU) with the Network for Electronic Transfers (NETS) Group to develop a new real-time Electronic Payment and Securities Settlement Platform for central banks. The collaboration brings together NCS’ cap...

Open Banking Platform Railsbank Sees Strategic Investments from Visa

After raising US$ 10 million and expanding to Singapore, the open banking platform Railsbank announced today that it has received yet another round of investments from Visa and Global Brain, a Tokyo-based VC firm. The sum of the investment was not di...

Mastercard Calls For “Sufficiently High” Contactless Payments Limits in Asia Pacific

Mastercard’s urges relevant bodies to have the right transaction limit for contactless payments as the spread of COVID-19 highlights the imperative for “contact-free” environments and experiences as much as possible. As nations implement stricter con...

Aspire Teams up with Visa and NIUM to Launch Payments Card for Businesses

Y Combinator-backed Aspire, announced today a partnership with NIUM, a global financial technology platform, and Visa, to offer corporate cards to its business customers. Aspire Corporate Card will be linked to Aspire flagship Business Account, offer...

OCBC Enables Instant Cash-out For Cheques under $30,000

OCBC announced today the roll-out of cheque encashment service across all its ATMs at 23 branches. Since February 2020, customers have been able to encash cheques – for up to a maximum of $30,000 in a single cheque – by depositing them into the ATM t...

Grab Picks Wirecard to Process its Transactions in Malaysia, Philippines and Singapore

Wirecard is entering into a payments partnership with Grab, Southeast Asia’s leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets. Through...

Philippines’ Fintech Industry Group Drives Cashless Initiative Amidst COVID-19 Outbreak

Amidst the current contagion of potential pandemic proportions, the Philippines has reported a series of confirmed COVID-19 cases in the last four days. Given the high risk of local transmission, the Fintech Alliance.ph has heightened its awareness c...

Vietnam’s ViettelPay Expects Triple Growth of Users In 2020

ViettelPay a digital wallet service under the Viettel Group said in a media statement that it is confident that the company will triple its user base by 2020. According to the company, they now have over 9 million users and they are seeing over 40 mi...

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 To Provide 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...