Articles with tag like: Singapore

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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

Shopee to scale ecommerce venture in Brazil

News | Ecommerce | 26 Jan 2021

According to Tech in Asia, the Singapore-based online shopping platform Shopee is planning to expand operations to Brazil.

Shopee, expansion, Brazim, Asia, Southeast Asia, Singapore, ecommerce platform, online shopping platform

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 aseanbriefing.com.

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

Japanese discount chain Daiso expands ecommerce platform to Singapore

News | Ecommerce | 22 Jan 2021

Japan-based discount store Daiso has launched its Singapore website to provide more choices for its customers.

Daiso, expansion, ecommerce, Japan, Singapore, ecommerce, Lazada, Shopee, online commerce, discount store, Asia, APAC

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

Startup Sea acquires Indonesia's Bank BKE

News | Online & Mobile Banking | 14 Jan 2021

Singapore-based startup Sea has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi.

SEA, startup, Indonesia, Singapore, BKE, digital banking, acquisition, stakes

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

Nium, Cebuana Lhuillier reveal mobile remittance app in Singapore

News | Mobile Payments | 12 Jan 2021

Cebuana Lhuillier and Nium have partnered to make Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, available in Singapore.

Nium, Cebuana Lhuillier, product launch, Quikz, Singapore, remittance, Philippines, partnership, transactions

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

Open finance startup Finantier accepted into Y Combinator

News | Online & Mobile Banking | 23 Dec 2020

Finantier, a Singapore-based open finance startup, has been accepted into Y Combinator’s Winter 2021 startup batch.

Finantier, Singapore, API, Open Banking, KYC, funding, Open Finance, Asia, banking

Agoda, Atome partner to offer BNPL option for bookings in Singapore and Malaysia

News | Online Payments | 21 Dec 2020

Singapore-based digital travel platform Agoda has entered a regional partnership with buy-now-pay-later provider Atome to offer instalment payments for accommodation bookings in Singapore and Malaysia.

Agoda, Atome, BNPL, buy-now-pay-later, Asia, Singapore, Malaysia, travelling, bookings

TReDS platform M1xchange secures USD 4.5 mln investment

News | E-invoicing, SCF & E-procurement | 18 Dec 2020

Reserve Bank-approved TReDS platform M1xchange has raised USD 4.5 million in equity round funding from Singapore-based BENEEXT Asia and Mayfield.

tReds, M1Xchange, investment, RBI, Reserve Bank, Singapore, BENEEXT Asia, Mayfield, SCF, supply chain finance, licence, MSME

UK government to promote British fintechs with foreign outreach

News | Online & Mobile Banking | 14 Dec 2020

The UK government has planned to take a proactive role in promoting the interests of British fintechs on the international stage, according to fintechmagazine.com.

UK, fintech, government, foreign outreach, Leading Edge, banks, regtech, RPA, AI, Singapore

Banks need to focus on customer emotional connection, Accenture report shows

News | Online & Mobile Banking | 09 Dec 2020

Accenture has released the 2020 Global Banking Consumer Study, showcasing the need for banks to focus more on creating a strong emotional connection with customers, amid digital banking acceleration.

Accenture, banks, customer experience, emotional connection, digital adoption, digital banking, digital transaction, COVID-19, pandemic, Singapore

MAAS, Bank of Ghana partner for SMEs and FIs of Singapore and Ghana

News | Payments General | 08 Dec 2020

The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have plans to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. 

MAS, Money Authority of Singapore, Bank of Ghana, SME, financial institution, Singapore, Ghana, Business sans Borders, BSB, open hub, Financial Trust Corridor, FTC