Tagged: digital transactions

July 7, 2021 @ 9:01 pm By Omar Faridi  |  

Real-time payments are becoming increasingly common as cash as a payment solution or method for consumers in Southeast Asia, according to research from ACI Worldwide (NASDAQ: ACIW) and YouGov. Three out of five or around 60% of consumers residing in Indonesia, Malaysia, Thailand and Singapore… Read More

July 7, 2021 @ 5:18 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a global financial institution that’s owned by reserve banks and aims to “foster international monetary and financial cooperation and serves as a bank for central banks,” notes that advancements in technology, along with rising demand for digital payment methods… Read More

July 6, 2021 @ 10:26 pm By Omar Faridi  |  

In the fast-evolving world of cryptocurrencies like Bitcoin and Ethereum, The Pavilions Hotels & Resorts announces that it aims to improve its guest experiences by becoming the first international boutique hotel group to take virtual currency from any country as payment for hotel bookings. The… Read More

June 29, 2021 @ 11:51 pm By Omar Faridi  |  

Crown Agents Bank Ltd confirms that it has been chosen as a new banking partner by Cambridge Global Payments, a FLEETCOR firm and a provider of integrated cross-border payments and currency risk management services. Through the partnership with Crown Agents Bank, Cambridge will be able… Read More

June 29, 2021 @ 10:13 pm By Omar Faridi  |  

Siam Commercial Bank (BKK: SCB), which is Thailand’s first and oldest banking institution, and Thunes, an established international payments firm, revealed on Tuesday (June 29, 2021) that they have teamed up to allow individual customers and businesses overseas to send money to Thailand. The cross-border… Read More

June 25, 2021 @ 5:54 pm By Omar Faridi  |  

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

June 24, 2021 @ 8:42 am By Omar Faridi  |  

Currencycloud, the Fintech firm that aims to simply and streamline business in a multi-currency environment, has introduced its Bold Academy – which is described as a knowledge-sharing program for Series A-funded startups or early-stage ventures. The Bold Academy has been launched along with an update… Read More

June 24, 2021 @ 1:12 am By Omar Faridi  |  

Accenture (NYSE: ACN) has reportedly made an investment, via Accenture Ventures, into Imburse, a Cloud-powered, payments-as-a-service enterprise platform that aims to simplify the way businesses gain access to the international payments ecosystem. Established in Zurich, Switzerland in 2018, Imburse works cooperatively with various insurers, banking… Read More

June 23, 2021 @ 11:51 pm By Omar Faridi  |  

Neobanking platform Yapeal has started offering cross-border money transfers to its clients through Fintech Wise (formerly Transferwise and now pursuing listing on the LSE). Through the partnership, Yapeal will work with Wise to make cross-border transactions fast, simple, and cheap for their app’s users. Wise,… Read More

June 20, 2021 @ 4:01 pm By Omar Faridi  |  

Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) recently revealed that they’ve introduced a cross-border QR payment linkage between the two countries. Under this linkage, both consumers and merchants residing in Malaysia and Thailand can make and receive instant, cross-border QR code payments…. Read More

June 19, 2021 @ 9:23 am By Omar Faridi  |  

Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding… Read More

June 18, 2021 @ 8:32 am By Omar Faridi  |  

UK’s Paysend, the card-to-card pioneer and global payments platform, has introduced Paysend 4.0, which is described as a new digital money app designed to manage all payments requirements from a single location. As noted in the announcement, the latest version offers global transfers, a multicurrency… Read More

June 16, 2021 @ 3:17 am By Omar Faridi  |  

Volante Technologies, an established provider of Cloud-based payments and financial messaging, and SIA, a European hi-tech firm focused on payment services and infrastructures  (controlled by CDP Equity), have teamed up to enable banking institutions, financial service providers to gain access to instant payments. This should… Read More

June 15, 2021 @ 11:06 pm By Omar Faridi  |  

WeLab Bank, a homegrown digital bank that has been authorized by the Hong Kong Monetary Authority (HKMA), reveals that it’s offering its customers Apple Pay, which is described as a safe, secure and private way to make payments. It allows clients to not have to… Read More

June 15, 2021 @ 1:50 pm By Omar Faridi  |  

EBA Clearing and Iberpay revealed on Tuesday (June 15, 2021) that they have introduced two interoperable services to handle messages and offer functionalities that comply with the updated SEPA Request-to-Pay Scheme (SRTP) developed by the European Payments Council (EPC). The introduction of these infrastructure services… Read More

June 14, 2021 @ 3:41 pm By Omar Faridi  |  

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

June 12, 2021 @ 7:21 pm By Omar Faridi  |  

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

June 10, 2021 @ 11:49 pm By Omar Faridi  |  

GrabPay, the in-app wallet of Super app Grab, recently announced that it has introduced the GrabPay DuitNow QR feature across Malaysia. The GrabPay digital wallet was reportedly the first in Malaysia to sign-up with PayNet and offer this feature which is now available across the… Read More

June 10, 2021 @ 8:23 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has announced that it’s piloting the use of Government Technology Agency’s (GovTech) “Sign with Singpass” where a client’s digital signature is used to complete transactions or access product… Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More