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Discover all the payments and fintech-related news and analysis about Singapore in The Paypers News, Reports, along with other Singapore-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Singapore in The Paypers News, Reports, along with other

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OCBC introduces facial biometrics for ATMs

News | Digital Identity, Security & Online Fraud | 19 Mar 2021

Singapore-based OCBC Bank has introduced facial biometrics for ATM services, which will allow users to access ATM services with just face recognition.

banks, facial recognition, ATM, biometrics, product launch, fraud prevention

Binance and CapBridge sign MoU to build a partnership

News | Cryptocurrencies | 24 Mar 2021

Binance, a blockchain and cryptocurrency infrastructure provider, has announced the signing of a Memorandum of Understanding (MoU) to build a partnership with CapBridge Financial.

partnership, blockchain, cryptocurrency, cryptocurrency exchange

ipaymy and Wallex deliver international payments solution

News | Cards | 25 Mar 2021

ipaymy has partnered with Wallex to offer an international payment service for individuals and business users.

partnership, money transfer, credit card, cross-border payments

The Monetary Authority of Singapore sets new AML/CFT guidelines

News | Cryptocurrencies | 29 Mar 2021

MAS (Monetary Authority of Singapore) has published a new infographic setting out its supervisory expectations on AML/CFT controls for the Digital Payment Token (DPT) sector.

digital currency, AML, CFT, regulation

dltlegers raises USD 7 mln in Series A funding round

News | Cryptocurrencies | 29 Mar 2021

dltledgers, a Singapore-based blockchain platform for cross-border trade, trade finance, and supply chain digitisation, has raised USD 7 million during a Series A funding round.

blockchain, funding, trade finance

Bizbank launches its expense card for SMBs

News | Cards | 06 Apr 2021

Singapore-based fintech company, Atlantis, has announced the launch of its digital platform for SMBs, known as BizBank.

banks, product launch, fintech

Moonstake, Sylo to offer staking functions in the Sylo Smart Wallet

News | Cryptocurrencies | 09 Apr 2021

Singapore-based Moonstake has announced its partnership with Sylo, a decentralised software development firm.

partnership, cryptocurrency, blockchain, digital currency, e-wallet

CannaOne completes acquisition of 51% equity interest of Payright

News | Online Payments | 09 Apr 2021

Canada-based software technology company CannaOne Technologies has announced that it has formally closed the acquisition of a 51% equity interest of Singapore-based PSP Payright.

CannaOne, Payright, acquisition, online payments

Changi Airport Group to lauch its e-wallet in Q2 2021

News | Mobile Payments | 17 Feb 2021

Changi Airport Group has announced the launch of the Changi Pay e-wallet as a payment platform for its shoppers during the second quarter 2021.

Changi Airport Group, e-wallet, mobile payments, online payments

QR code-based payments gradually displacing cash in Singapore, reveals GlobalData

News | Mobile Payments | 12 Feb 2021

GlobalData has revealed that QR payment is increasingly displacing cash among merchants in Singapore.

GlobalData, research, QR payment, merchants, Singapore, mobile payments, digital payments

Monetary Authority of Singapore reviews BNPL regulation

News | Payments General | 12 Feb 2021

The Monetary Authority of Singapore (MAS), the country’s central bank, has reportedly started to review its regulation on buy now pay later (BNPL) companies, according to LapthrinX.

Monetary Authority of Singapore, BNPL, regulation, Singapore, central bank, buy now pay later, online payments

GrabPay, Singtel Dash, Liquid Pay users can now transfer funds via PayNow

News | Mobile Payments | 08 Feb 2021

The Association of Banks in Singapore has announced that GrabPay, Singtel Dash, and Liquid Pay users can now use PayNow to transfer money.

GrabPay, Singtel Dash, Liquid Pay, PayNow, Singapore, Asia, bank accounts, e-wallet, money transfer, mobile payments

MAS issues digital banking licences in Singapore

News | Online & Mobile Banking | 26 Jan 2021

The Monetary Authority of Singapore (MAS) has announced that four entities were awarded digital banking licenses in early December 2020, according to

Monetary Authority of Singapore, MAS, Singapore, digital banking, licence, Singtel, Grab, banks, Ant Financial, Sea Limited

Singapore, the garden of innovation – exclusive interview with Varun Mittal

Interviews | Online & Mobile Banking | 22 Jan 2021

Varun Mittal, co-founder of Singapore Fintech Association and author of Singapore – The Fintech Nation, reveals what stands behind Singapore’s boom in fintech and regulation

Singapore, fintech, fintech association, fintech hub, B2B fintech, B2B lending, MAS, Digital KYC, banking

Grab Financial Group raises USD 300 mln in Series A funding round

News | Online Payments | 15 Jan 2021

Grab Financial Group has announced that it has raised more than USD 300 million in a Series A funding round led by Hanwha Asset Management.

Grab Financial Group, Singapore, Asia, funding round, Series A, investment, Hanwha Asset Management

MAS Singapore encourages the use of e-gifts

News | Payments General | 12 Jan 2021

The Monetary Authority of Singapore (MAS) has started encouraging Singaporeans to use e-hong baos (e-gifts) during the coming Lunar New Year to reduce queues for physical notes.

MAS, Singapore, e-hong bao, gifts, sustainability , online payments, fintech

Monetary Authority of Singapore to fully regulate all crypto-related activity

News | Cryptocurrencies | 11 Jan 2021

Following an amendment passed on January 4, 2021, all cryptocurrency service providers must now obtain a license from the Monetary Authority of Singapore (MAS), the country’s financial regulatory body.

Monetary Authority of Singapore, MAS, AML, cross-border payments, cryptocurrency trading, crypto exchange, Singapore

Singapore may implement digitised cross-border trade documents

News | E-invoicing, SCF & E-procurement | 07 Jan 2021

The Singapore parliament has proposed an amendment to the current Electronic Transactions Act, which could allow cross-border trade documents to be digitised.

Singapore, e-invoicing, SCF, Electronic Transactions Act, cross-border payments, IMDA, blockchain

Huawei Pay, Aleta Planet, UnionPay partner to launch NFC and QR code payments in Singapore

News | Mobile Payments | 23 Dec 2020

Huawei Pay, Aleta Planet, and UnionPay International have partnered to introduce a mobile payment solution that combines NFC and QR code payments for Huawei users in Singapore.

Huawei Pay, Aleta Planet, UnionPay International, NFC, QR, Singapore, partnership

Singaporeans expect streamlined services from F&B operators as dine-in picks up

News | Ecommerce | 21 Dec 2020

Adyen has released a report revealing that diners’ habits in Singapore have permanently shifted in favour of digital-driven solutions following the COVID-19 pandemic.