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Central Banks of Indonesia and Singapore begin trial on cross-border payments

News | Mobile Payments | 18 Aug 2023

Indonesia’s central bank has announced the start of a trial of cross-border QR code payments with Singapore.

cross-border payments, QR code, QR payments, contactless payments, COVID-19

The future of e-payments in Southeast Asia: consolidation and interoperability

Voice of the Industry | Online Payments | 19 May 2023

2C2P founder and CEO, Aung Kyaw Moe, discusses how online payments have evolved from the 1990s, and how the maturing industry is headed towards increasing consolidation and interoperability.


online payments, ecommerce, reconciliation, online fraud, fraud management, fraud detection, identity fraud, fraud prevention, 3-D Secure, EMV, biometrics, QR code, QR payments, online security, cybersecurity, mobile payments, e-wallet, digital wallet

ANEXT Bank launches in Singapore

News | Online & Mobile Banking | 06 Jun 2022

ANEXT Bank, a digital wholesale bank based in Singapore and a wholly owned subsidiary of Ant Group, has announced its soft launch.

online banking, digital banking, product launch, SME lending, wholesale banking

MAS to fight internet banking fraud with stringent measures

News | Digital Identity, Security & Online Fraud | 27 Jan 2022

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have decided to introduce additional measures to bolster the security of digital banking, according to The Fintech Times.

Monetary Authority of Singapore (MAS), regulation, fraud prevention, phishing, digital banking

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

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

SWIFT, IMDA partner for global trade digitalisation

News | E-invoicing, SCF & E-procurement | 05 Oct 2020

SWIFT and Singapore-based Infocomm Media Development Authority (IMDA) have signed a Memorandum of Intent (MOI) for global trade digitalisation.

SWIFT, IMDA, global trade, digitalisation, Infocomm Media Development Authority, Singapore, Memorandum of Intent, MOI, global trade digitalisation, financial institutions, corporates, cross-border trade, paperless trade, trade processing, trade financing, TradeTrust, framework

Singapore FinTech Association and R3 enter partnership

News | Payments General | 15 Jul 2020

Singapore Fintech Association (SFA) and R3 have entered into a strategic partnership. 

Singapore FinTech Association, R3, startups, Singapore, blockchain

WeBank teams up with OpenNodes to bring FISCO BCOS blockchain to Singapore

News | Online & Mobile Banking | 22 May 2020

China-based digital bank WeBank has partnered with Singapore government-backed OpenNodes to bring China’s FISCO BCOS blockchain to Singapore. 

WeBank, China, FISCO BCOS, blockchain, Singapore, OpenNodes, Financial Blockchain Shenzhen Consortium, JD Finance, Huawei, ZTE, Tencent, technology, Infocomm Media Development Authority, IMDA, DAML

ICC, the Singapore Government, and large companies form alliance for digitalisation of global trade

News | E-invoicing, SCF & E-procurement | 22 Jan 2020

ICC, the Singapore Government, and large companies from key industries have signed a historic cooperation agreement to facilitate and accelerate adoption of digital technologies in trade and commerce.

trade, commerce, APRIL, DBS Bank, Marubeni Corporation, MasterCard, Mitsubishi Corporation, Mitsui, Mizuho Bank, MUFG Bank

Perlin, Singaporean companies & govt to launch open source blockchain commodity trade platform

News | Cryptocurrencies | 06 Nov 2019

Perlin, large companies in Singapore, and the government have teamed up to develop an open-sourced blockchain trade platform (ICC TradeFlow platform).

Perlin, blockchain, trading platform, Singapore, paperless

Singapore mandates nationwide e-invoicing

News | E-invoicing, SCF & E-procurement | 10 Jul 2019

Singaporean Infocomm Media Development Authority (IMDA) has implemented the nationwide E-Invoicing framework with the Singaporean industry since the beginning of 2019.

Singapore, e-invoicing, Basware, Singaporean Infocomm Media Development Authority

TradeTrust initiative launched in Singapore to boost digital trade

News | E-invoicing, SCF & E-procurement | 05 Mar 2019

Singapore’s Minister for Communications and Information has launched the TradeTrust initiative, to facilitate the exchange of digital trade documentation.

TradeTrust, Singapore, digital trade documentation, trade finance, digital trade, PEPPOL, e-invoicing, Pan-European Public Procurement On-Line

DataVisor joins SG:D Spark programme to further develop in Singapore

News | Digital Identity, Security & Online Fraud | 31 Jan 2019

DataVisor has been enrolled into Infocomm Media Development Authority (IMDA)`s SG:D Spark programme to advance its development in Singapore.

DataVisor, SG:D Spark programme, Singapore, fraud prevention, startup

Singtel teams up with IMDA and DBS to launch SME ecommerce platform

News | Ecommerce | 15 Jan 2019

Singtel has collaborated with the Infocomm Media Development Authority of Singapore (IMDA) and with DBS Bank to launch an ecommerce platform for SMEs.

Singtel, IMDA, DBS, SME, ecommerce platform, retailers, B2B e-marketplace, merchants, ecommerce

Esker certified as PEPPOL Access Point by IMDA in Singapore

News | E-invoicing, SCF & E-procurement | 11 Jan 2019

Document process automation company Esker has been certified as a PEPPOL Access Point by the Singapore Info-communications Media Development Authority.

Esker, PEPPOL, Pan-European Public Procurement On-Line, Singapore, Asia, APAC, Info-communications Media Development Authority.

USD 30 mln for SME digital growth under the Start Digital initiative

News | E-invoicing, SCF & E-procurement | 10 Jan 2019

Singapore-based Infocomm Media Development Authority and Enterprise Singapore’s initiative Start Digital have rolled out USD 30 mln financing for SMEs.

Start Digital initiative, Media Development Authority, Enterprise Singapore, Start Digital, Go Digital programme, accounting, human resource management & payroll, digital marketing, digital transactions

Singapore adopts PEPPOL for national e-invoicing framework

News | E-invoicing, SCF & E-procurement | 22 May 2018

The Info-communications Media Development Authority in Singapore has announced that it will adopt the PEPPOL e-invoicing standard.

PEPPOL, Singapore, E-invoicing framework, e-invoicing, Info-communications Media Development Authority, standardised machine-readable documents

Singapore to launch nationwide e-invoicing framework for businesses

News | E-invoicing, SCF & E-procurement | 06 Mar 2018

Businesses will soon be able to adopt a nationwide, interoperable electronic invoicing (e-invoicing) framework that could help them process payments.

E-invoicing framework, Singapore, electronic invoicing

HSBC, MUFG complete PoC for KYC services using blockchain

News | Cryptocurrencies | 03 Oct 2017

HSBC, Mitsubishi UFJ Financial Group (MUFG), and OCBC Bank have completed a proof of concept for a know your customer (KYC) blockchain.

KYC, PoC, AML, CFT, blockchain, HSBC, Mitsubishi UFJ Financial Group, MUFG, OCBC Bank, Asia