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Tencent has streamlined WeChat account registration and card linking to Weixin Pay for international visitors to China to enhance their payment experience.
mobile payments, digital wallet, QR code, cross-border payments, e-wallet
Touch ‘n Go eWallet has announced its decision to implement a 1 percent conversion fee for overseas QR payments, starting on the 25th of April 2024.
payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce
From 1 June 2024, GrabPay users in Singapore and the Philippines will no longer have the option to utilise their GrabPay physical or digital cards for transactions, both online and offline.
financial services, transactions , e-wallet, digital wallet
Philippines-based super app GCash and PayPal have partnered to facilitate freelancers and MSMEs to withdraw their PayPal funds through GCash.
SMEs, mobile payments, money transfer, ATM, digital wallet
Digital bank Monzo has engaged in advanced talks to sell a USD 50 million stake to Singapore’s Government Investment Corporation.
funding, digital banking, acquisition, fintech, neobanks
Ant Group, the fintech affiliate of Alibaba Group Holding, has increased the mobile payment transaction limits for overseas visitors to Alipay and international e-wallets in China.
travel payments, e-wallet, digital wallet, cross-border payments, credit card, debit card
Multinational payment card services company Visa has announced a 7-year collaboration with US-based financial services corporation Western Union.
partnership, payments , financial services, money transfer
Irene Skrynova from Unlimit outlines key 2024 payment trends, including the growth of social commerce and the introduction of EU e-wallets.
paytech, social commerce, ecommerce, cross-border payments
The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.
cryptocurrency, digital assets, financial crime, regulation
Jennifer Lucas of EY Americas, Andy White of AusPayNet, and Ángel Nigorra of Bizum share insights into local developments and payments in the US, Australia, and Spain.
cross-border payments, ecommerce, ISO 20022, SEPA, local payment method, merchants, debit card, credit card, BNPL, account-to-account payment, mobile payments, e-wallet, cash, marketplace, CNP fraud, online security
European paytech Nexi has teamed up with ecommerce platform Woo to enable Woo merchants to offer expanded and customisable payment options across Europe.
ecommerce, merchant, payment methods, online shopping, checkout optimisation
Scott Farrell and Max Allan of King & Wood Mallesons elaborate on some of the biggest developments of Australia’s Consumer Data Right in 2023.
Open Finance, data sharing, Open Banking, CDR, banking, banks, regulation
Revolut, the British fintech company, has introduced phone plans in the UK, marking a unique move within the financial sector.
fintech, super app, digital banking, mobile banking, mobile payments
A Spanish publication has reported on the Spanish Ministry of Finance’s plans to target cryptocurrencies and NFTs with a new tax reform.
cryptocurrency, regulation, tax evasion , tax bill
US-based solution for international payment transfers Higlobe has partnered with Triple-A, intending to improve the landscape for remote workers in the Philippines.
cross-border payments, freelance economy, partnership, stablecoin, financial inclusion
Toby Evans, Head of Economic Crime at AusPayNet, discusses how private-public collaboration and adopting a toolbox approach can prevent fraud globally.
fraud detection, fraud management, online fraud, Card-not-present fraud, fraud prevention, ecommerce, APP fraud, online payments, payments , real-time payments, digital payments, CBDC, digital currency, generative AI, scam, cybercrime, money laundering, CNP fraud, data sharing
Australia-based foreign exchange brand Travelex has relaunched online foreign exchange (FX) cash services for the Commonwealth Bank of Australia (CBA).
travel payments, currency, currency exchange, cash management, online money
The Industrial and Commercial Bank of China (ICBC) has agreed to pay around USD 32 million to settle investigations related to compliance issues in New York.
AML, compliance, regulation, banks
The UK and Japan have established a new partnership to strengthen their commitment to cybersecurity.
partnership, cybersecurity, cybercrime, online security, digital identity
Mark Munson from Moneyhub Payments explores how Open Banking transforms payments, fostering loyalty, and how agile, pioneering partners ensure continuous innovation.
Open Banking, Open Finance, Open Banking payments, digital payments