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Singapore
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584South East AsiaGrab Considered Buying Payments Provider 2C2P
In a sign of Grab’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P...
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1.8KVISASingapore Transit Rolls Out Visa On SimplyGo Contactless System
The Land Transport Authority of Singapore now includes Visa cards in SimplyGo, its contactless payment system. According to a report in ZDNet,...
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1.7KInvestmentsSingapore Payments Startup YouTrip Raises $25.5M For Apac Expansion
Singaporean multi-currency payments app YouTrip has raised $25.5 million in a pre-Series A funding round, the company announced on Thursday (May 16)....
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2.8KDigital BankingSingapore Mulls Issuing Digital-Only Bank Licenses
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), is in talks about letting online banks operate in the city. According to...
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5.4KBitcoinBitcoin Daily: Singapore Sees Blockchain’s Cross-Border Benefits; NYAG Calls For Disclosure Of Bitfinex/Tether Deal
The New York State Attorney General (NYAG) Letitia James wants to see documents regarding an alleged deal made between cryptocurrency exchange Bitfinex...
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4.3KSecurity & FraudSingapore Police Prevent Bitcoin Machine Scam
Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The police have been...
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3.4KLegalMarket Regulator In Germany Files Complaint Alleging Wirecard Short Sale
A German markets regulator has filed a complaint with prosecutors alleging that shares of Wirecard were manipulated by someone who potentially had...
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3.0KRegulationAustralia Laws Target Social Media Firms with Fines, Prison Over Streaming Content
The government in Australia passed legislation that seeks to stop live streaming of violent acts across social media platforms. As reported last...
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5.0KInvestmentsInstaReM Raises $41M To Expand Into Latin America
InstaReM, the Singapore FinTech startup that enables banks and consumers to send money across borders, raised $41 million in venture funding. According...
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5.2KRetailDeliveroo Serves Up Fully Automated Dining In Singapore
Food delivery services opening up kitchens of their own is not exactly a shock to the system in 2019. Industry doomsayers have...
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2.5KInvestmentsDoorDash Market Cap Breaks $6B After $500M Fundraise
DoorDash, the food delivery startup, is gearing up to raise about $500 million, giving the company a valuation of higher than $6...
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5.1KSecurity & FraudWirecard Sues ‘Financial Times’ For Defamation
German payments company Wirecard saw its shares drop 10 percent on Friday (Feb. 8) following a raid by Singapore police on its...
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8.4KSecurity & FraudWirecard Said Investigation Found No Wrongdoing
Wirecard disclosed Monday (February 4) that based on an investigation by an external law firm it has found no evidence of criminal wrongdoing...
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4.1KB2B PaymentsIn The Middle East, Banks Embrace FinTech
Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily...
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3.2KSecurity & FraudSingapore’s HIV Registry Data Exposed Online
Singapore’s Ministry of Health disclosed Monday (Jan. 28) that the private health information of its citizens has been breached. According to a...
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3.7KStartupsSingapore’s Credit Culture Snags $29 Million In Funding
Singapore-based FinTech startup Credit Culture has secured $29.4 million in funding from RCE Capital Berhad, a Malaysian investment holding company, according to...
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2.6KRidesharingGO-JEK Rolls Into Singapore
Indonesian ride-hailing startup GO-JEK is getting set to launch a preliminary version of its ride-hailing app in Singapore this week, taking on...
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5.3KB2B PaymentsDeskera Launches B2B eCommerce Portal, Raises $60M
Deskera has secured an investment of more than $60 million from Jungle Ventures and other backers in support of its small business...
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3.9KB2B PaymentsSingapore’s DBS Launches QR Payment App For Small Business AR
Singapore bank DBS is introducing a new solution for small businesses to embrace digital payments and better manage cash flow, according to...
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3.0KB2B PaymentsSingapore Alt-Lender Merges With eProcurement Platform
Two Singapore-based FinTechs are combining their services to create a unified supply chain financing tool. Reports in Vulcan Post on Thursday (Nov....
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1.1KSmarter PaymentsDeep Dive: How Faster Payments Change Business As Usual
The adoption of faster payment systems is a worldwide trend, with more than 40 countries now offering their own schemes. The following...
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6.5KBitcoinBitcoin Daily: Bitcoin-Stealing Malware Attacks 700K Websites; Blockchain Tackles Renewable Energy Trading
Canada’s St. Francis Xavier University of Nova Scotia (StFX) had to temporarily shut down its entire network due to a crypto-jacking attack....
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3.9KRidesharingGo-Jek Gearing Up To Expand Into Singapore
Go-Jek, the Indonesian ride-hailing startup, is gearing up to expand into Singapore, taking on rival Grab in its hometown. According to a report, Go-Jek is...
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1.9KRidesharingSingapore Regulator Slaps Grab And Uber With Fines
Grab and Uber, the Singapore ride-hailing companies, were slapped with fines and restrictions after regulators concluded the merger between the two has...
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3.1KGlobal PaymentsOrigami Partners With UnionPay For Global Expansion; Aircoach Rolls Out Contactless Payments
Welcome to The Axis, your late look at payments news from around the world. In Japan, Origami rolls out its international Origami Pay mobile service, Moody’s lauds...
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5.0KInnovationNew Global FinTech Deal Highlights Collaborative Trend
The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and...
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4.9KInternationalSingapore Provides ‘Springboard’ To Asian Markets For FinTech
Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching...
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4.5KSecurity & FraudSingapore Minister Says Breach May Have Been State-Linked
Singapore’s Cabinet Minister for Communications and Information S. Iswaran said on Monday (Aug. 6) that the cyberattack that infiltrated 1.5 million health records in the...
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3.8KB2B PaymentsHong Kong Smart Banking Via API And Citi Pay With Points
Government initiatives can serve as a tailwind under bank/FinTech partnerships, as shown in Hong Kong and beyond. And APIs gain ground with...
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ShopKeep Teams Up With Gravity Payments; Singapore Requires Banks To Step Up Verification Efforts
Welcome to The Axis, your late look at payments news from around the world. Coverage includes The Monetary Authority of Singapore’s requirement...
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4.0KSecurity & FraudSingapore Cuts Off Internet Access For Public Healthcare Workers
Singapore has moved to disconnect computers from the internet at public centers in an effort to stop cyberattacks that could have the...
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Apple Investigates iTunes Fraud
Apple is currently investigating reports of fraudulent credit card charges being made through iTunes. According to Channel NewsAsia, dozens of Apple customers...
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3.1KSecurity & FraudSingapore Health Database Breached In Cyberattack
In what has been described as a serious breach, Singapore experienced a major cyberattack on its health database. The personal information of...
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4.1KMastercardMastercard: Helping Law Enforcement Fight Back Against Fake Cards
Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud...
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4.3KRidesharingUber, Grab To Face Fines In Singapore Over March Deal
Grab and Uber’s merger is facing heat from the anti-trust body in Singapore, which wants to fine the companies and warned it...
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4.7KB2B PaymentsSingapore’s PayNow To Include Corporate Payments Service
Singapore’s PayNow is entering into the world of corporate payments. Reports in Vulcan Post said PayNow, developed by the Monetary Authority of...
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4.4KPayment MethodsSingapore Launches PayNow To Reduce Cash, Checks
Singapore is launching a payments platform in an attempt to reduce the use of cash and checks as the country moves towards...
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5.2KToday In DataThe Power — And Perils — Of Expanding Access
The era of expanding access through the magic of digital connection has made things that were previously unimaginable almost commonplace today. It’s...
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Singapore Weary Of Forcing Open Banking On FinServ Market
Singapore is ready for open banking, but regulators don’t want to force it on the financial services market, according to reports in...
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5.0KToday In DataToday In Data: Self-Employment, Finance Jobs And PayPal’s Woes
Today in PYMNTS data, self-employment is on the rise, finance jobs could shift out of the U.K. in the Brexit aftermath, Flywire...
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5.5KCross Border CommerceFlywire: Why Going Global Requires A Local Focus
“People always say, ‘Think global, be local,’ but very few understand how big a challenge that is,” Flywire’s Head of Operations for...
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3.2KBitcoinBitcoin Daily: South Korea’s Crypto Flip Flop, Singapore Frets Over Future Crash
Following raids on crypto exchanges, the South Korean government said Monday (Jan. 15) that it will make a decision on a cryptocurrency...
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4.3KPersonnelGrabPay Names Visa Executive As Managing Director
Southeast Asian ridesharing company Grab has hired Ooi Huey Tyng to serve as managing director of its payments platform, GrabPay. According to...
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3.4KBitcoinBitcoin Regulatory Roundup: SEC Swoops In On The Crypto Company After Surge
Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency...
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5.2KBlockchainXinFin Moves To Standardize Enterprise Blockchains
Blockchain technology firm XinFin announced Sunday (Dec. 3) that it is integrating a new technology into its Hybrid blockchain, which aims to...
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8.8KB2B PaymentsAxis Bank Launches Global, Real-Time Payment Service With Ripple
India’s Axis Bank has launched its instant, cross-border payments solution less than a year after announcing a collaboration with blockchain technology firm...
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10.7KSouth East AsiaSoutheast Asia’s Real-Time Payments Push
Singapore is separated from Malaysia by a 1,056-meter (or 0.65-mile) Johor-Singapore Causeway, yet crossing the narrow strip of water separating the city-state of Singapore...
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5.0KB2B PaymentsSingapore’s Big Week In Blockchain Progress
The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed...
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7.1KB2B PaymentsB2B Not A Vital Part Of Real-Time Payments Innovation, Yet
Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard...
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5.8KBankingOCBC Lets Users Bank Via Facial Recognition
Singapore’s OCBC Bank announced news on Monday (Nov. 6) that it has rolled out a facial recognition enhancement to its consumer and...