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UK-based fintech company Leatherback has entered a strategic collaboration with YES BANK to allow simplified remittance and INR payouts in India.
mobile payments, online payments, cross-border payments, remittance, money remittance
UnionPay International has partnered with Malaysia-based Payments Network Malaysia (PayNet) to enable cross-border QR code linkage.
partnership, expansion, paytech, fintech, cross-border payments, QR payments, QR code, merchants, digital wallet
UnionPay International (UPI) and the National Bank of Cambodia have signed a Memorandum of Understanding (MOU) to promote QR code interoperability for cross-border mobile payments.
partnership, payments , e-wallet, cross-border payments, merchants, QR payments, paytech, fintech, mobile payments, NFC, ecommerce, banking
All members of the Asian Clearing Union have agreed to move towards local currency settlement in a bid to reduce dependence on the US dollar.
partnership, trade finance, settlement, transactions
Open Banking: Shaping regulations, overcoming challenges, and unlocking the future of finance. Insights from Irfan Ahmed, BPC expert.
Open Banking, API, SMEs, Request to Pay
PayMate has incorporated and registered its entities in Singapore and Sri Lanka to offer its B2B payments platform, to help customers’ working capital needs.
expansion, payments , online payments, B2B payments, cash management, API, ERP, report
UK-based fintech platform Pomelo Pay has partnered with Singapore-based cryptocurrency payments services provider TripleA to help companies offer cryptocurrency payments and pay-outs.
Sri Lanka has warned against the use of cryptocurrency, which it said is ‘largely unregulated’ amid an ongoing political chaos in country, according to TechCrunch.
cryptocurrency, regulation, central bank
Sri Lanka-based private sector bank HNB PLC and local hotel chain Cinnamon Hotels have partnered to launch the LANKAQR facility for the hospitality chain’s restaurants.
QR code, QR payments, mobile payments, contactless payments, partnership, digital payments, digitalisation
The Monetary Board of the Central Bank of Sri Lanka has announced plans to develop a blockchain platform expected to speed the processing of bank users’ ID information.
Monetary Board, Central Bank of Sri Lanka, KYC, blockchain, AML, customer onboarding
HatchX, Sri Lanks, fintech, partnership, Ford Foundation, Central Bank of Sri Lanka, CBSL, Fintech Association of Sri Lanka, startups, South Asia, banks, network, Digital Insurance Lanka Brokers, Direct Pay, Flipbox.com, Helios P2P, iLoan, MintPay, OGO Pay
LankaClear, the operator of LankaPay, Sri Lanka`s National Payment Network, and JCB International have rolled out the National Card Scheme (NCS) programme.
LankaClear, JCB, Sri Lanka, card, EMV
The Commercial Bank of Ceylon has launched ComBank Q+ – the first QR based payment app to be launched under LANKAQR.
Commercial Bank of Ceylon, QR payments, QR code, ComBank Q+, LANKAQR
The Central Bank of Sri Lanka has launched the National Card Scheme (NCS), which will be operated by LankaClear (LCPL) in partnership with JCB International.
Central Bank of Sri Lanka, launch, National Card Scheme, NCS, LankaClear, JCB International
Cargills Bank, a Sri Lanka-based commercial bank, has announced the deployment of IBM`s cognitive cybersecurity solutions.
Cargills Bank, IBM, cybersecurity, online banking, Sri Lanka
Worldline, a payment and transactional services company, has expanded in Sri Lanka to launch a credit card for Singer Finance Lanka PLC (SFLP), a financial services company.
Worldine, SFLP, Sri Lanka, credit card, NBFC, cards, bank licence, central bank
The hackers who stole more than USD 100 million from Bangladeshs account at the Federal Reserve Bank of New York may have breached as many as 32 computers at the bank.
online fraud, online security, cyber security, fraud prevention, data breach, bank, hackers, Bangladesh