Standard Chartered, Australia's Assembly form payments joint venture in Singapore

The new company, which will be based in Singapore, is set to run a digital platform that can manage transactions involving online, mobile, point-of-sale, e-wallet, debit and credit card, and real-time payments.

The service is already available to clients in Australia and New Zealand, and the partnership is targeting to roll it out to other markets starting mid-February, a spokesperson for Standard Chartered told Tech in Asia.

It seeks to help merchants worldwide to scale their business in the USD 29 trillion global ecommerce industry and solve challenges in risk management, fraud, integration, reporting, and reconciliation.

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