Singapore

Singapore 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...

2.4K

Hong 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...

1.6K

Global Payments

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...

2.8K

Singapore 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...

4.7K

Apple

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...

2.1K

Singapore 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...

2.3K

Mastercard

Mastercard: 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...

2.4K

Ridesharing

Uber, 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...

Singapore’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...

2.8K

Singapore 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...

3.6K

Today In Data

The 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...

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...

4.4K

Today In Data

Today 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...

4.1K

Cross Border Commerce

Flywire: 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...

2.6K

Bitcoin

Bitcoin 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...

3.2K

Personnel

GrabPay 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...

2.8K

Bitcoin

Bitcoin 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...

4.1K

Blockchain

XinFin 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...

7.2K

Axis 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...

8.2K

South East Asia

Southeast 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...

4.3K

Singapore’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...

5.7K

B2B 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...

4.6K

Banking

OCBC 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...

7.3K

VISA

Visa Greenlights Singapore Prepaid Cryptocurrency Card

Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. “Our team...

4.9K

Blockchain To Link Hong Kong, Singapore Trade

Hong Kong and Singapore have reached an agreement to link their perspective trade finance platforms using blockchain technology, according to news from Reuters on...

4.1K

OCBC Launches Android Keyboard For P2P Payments

Singapore-based OCBC Bank has reportedly rolled out an Android-based keyboard enabling users to make peer-to-peer (P2P) payments. According to a report in...

6.0K

Wearables

Igniting Smartwatches One Student At A Time

Despite Tim Cook’s most enthusiastic comments that the Apple Watch is doing “great,” the figures on the ground in the U.S. indicate...

Ridesharing

Uber Rented Drivers Cars It Knew Were Unsafe

Uber Technologies may have a new fraud problem on its hands after The Wall Street Journal reported news that Uber managers in Singapore...

5.2K

VISA

Visa Announces Plan To Open Two New Data Hubs

“Our mission is to be the best way to pay for everyone anywhere,” Visa’s Executive Vice President of Technology Rajat Taneja, told...

Amazon

Report Claims Amazon Is ‘Set’ To Launch Services In Singapore

Amazon continues to expand internationally, with Tech Crunch reporting the company is getting set to launch its services in Singapore — officially...

Mobile Commerce

Today in Data: Uber in Danger Zone?

2017 has not been the best of the best for ride-hailing company Uber. From its CEO stepping down to employees filing and...

2.7K

Ridesharing

Grab Poised To Raise $2B In Funding

Grab Taxi Holdings, the Singapore ride-hailing company and Uber Technologies’ largest rival in Southeast Asia, is in the processing of raising $2...

8.6K

Mastercard

Bicycle, Bicycle — Why People Want To Ride Mobike’s Bicycle

Bike-sharing has become big business worldwide in a relatively short span of time. Virtually unheard of even a few years ago, these...

Poorer Nations Are Teaching Their Richer Counterparts About Cybersecurity

A new United Nations (U.N.) survey on cybersecurity found Singapore is taking a close to perfect approach at the same time that...

3.5K

Visa, Validus Use Visa Virtual Card For Singapore SMEs To Pay Invoices

Alternative lending platform Validus is deploying Visa virtual card technology to help small and medium-sized enterprises in Singapore with unpaid invoices access...

3.7K

Revolut Steps Up Corporate Payments Offering

Revolut may have made its entrance on the payments stage with a consumer solution, but the company is stepping into the world...

3.4K

UnionPay Launches QuickPass QR Code System In Hong Kong, Singapore

UnionPay, the mobile payments company, has made its QuickPass QR code payment system available in Hong Kong and Singapore. According to a...

2.7K

Singaporeans Ditch Cash For Digital Payments

The number of consumers in Singapore who prefer electronic payments over cash increased 11 percent in 2016 to 87 percent. That’s according to...

4.4K

International

Alibaba Tracker: Going Global

It’s been awhile since our last edition of Alibaba tracker, and a great deal has happened since then. There’s a lot to get...

3.4K

Innovation

Rakuten Invests In Singapore Home Share For Business Travelers

There’s little doubt that the home share sector is beginning to boom globally among business travelers, with millennials adopting the practice at...

3.9K

WEX V-Cards Expand Into Singapore

WEX’s virtual payment technologies are expanding across Asia. The company announced Sunday (April 2) that it will now be able to issue...

5.5K

Japan’s Top Bank Testing Digital Checks On Blockchain

Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of...

7.3K