Category : Payments

How Gen-Zs Are Redefining Payments

Southeast Asia’s payment ecosystem is undergoing a profound transformation, fueled by rapid adoption of digital payments, modernization initiatives by governments and a burgeoning consumer base of mobile-first young adults with new habits and expecta...

American Express Sets up New Innovation Center in Singapore

American Express has set up a new Decision Science Center of Excellence (CoE) in Singapore with the aim to deliver global data-driven solutions. Initially the center will be focused on data science applications in the areas of credit and fraud risk m...

Buy Now Pay Later (BNPL) Gaining Momentum in Thailand

Buy now pay later (BNPL) has been picking up steam among curious consumers in Thailand. This type of financing has grown in popularity because it is seen as a more flexible and consumer-friendly alternative to traditional credit products. It is repor...

Making Sense of Fintech Fraud in APAC

As technological advances significantly change people’s daily lives, the benefits from these advances essentially boil down to one aspect, convenience. Technology has allowed business and social activities to expand and remain primarily online....

E-Commerce Boom Propelling Digital Payments Adoption in Southeast Asia

Southeast Asia (SEA) is experiencing exponential growth in digital payments encouraged by a booming e-commerce scene. The region is now home to some of the world’s largest online marketplaces in some of the fastest-growing economies like Indone...

Singapore Gears up for Next Phase of Growth for SGQR

Singapore has big plans for its national QR code payment standard. The country wants to establish its Singapore Quick Response Code (SGQR) as a top mobile payment method at physical stores, and is pursuing linkage opportunities with other national QR...

Google Wallet Is Now Available in Singapore as a Standalone App

Google Wallet is now available as a standalone app for the Singaporean users as a complementary experience to Google Pay. This digital wallet for Android and Wear OS standardises the way users save and access essential items such as vaccine cards, ev...

This Cybersecurity Report Analysed 35 Billion Transactions and Here Are Its Key Findings

Fraud patterns are changing considerably as consumer dependence on the mobile channel continues to increase. Over the past three years, the share of attacks on mobile channels, versus desktop, has risen steadily, moving from accounting for just about...

McKinsey: APAC Continues to Lead Global Payments Revenue Despite 2020 Decline

Despite a slight decline, Asia-Pacific (APAC) continued to dominate the global payments landscape in 2020. With approximately US$900 billion in revenue, the region accounted for 47% of global payments revenues, according to the 2021 McKinsey Global P...

NETS Appoints UOB’s Head of Group Tech and Operations as New Chairman

Network for Electronic Transfers (NETS), a Singaporean electronic payment service provider, announced the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairman, her appointment takes effect from 1 September 2021...

Rapyd Secures US$300 Million From Series E Fundraise To Support Its Expansion Plans

Rapyd, a Fintech-as-a-Service company which provides APIs that helps integrate local payments and fintech capabilities, announced a US$300 million Series E funding round led by Target Global. Joining the round are several new investors including fund...

Mobile Transactions in Vietnam Projected to Surge 300% In the Next 5 Years

Between 2021 and 2025, mobile transactions in Vietnam are expected to surge 300% as Vietnam continues to leapfrog into the mobile channel, a new report by IDC and Backbase found. The second edition of Fintech and Digital Banking 2025 Asia Pacific (AP...

Rapyd Creates Venture Arm to Invest in Early Stage Fintech Startups

Rapyd, a global Fintech-as-a-Service company, announced the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses. The new venture arm will be led by Joel Yarbrough, MD of Rapyd Ventures and R...

Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19

Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking...

Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking

Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Top 10 Countries: Year-Over-Year...