Card payments in Singapore to grow by 14.3% in 2024, forecasts GlobalData
The Singapore card payments market is forecast to grow by 14.3% in 2024, supported by a constant consumer shift towards non-cash payments.
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Tag: Singapore
Qashier unveils payment-linked loyalty programme
Qashier’s new loyalty programme allows customers to earn points by tapping and paying with their linked cards at partnering merchants.
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Banks in Singapore to phase out OTPs in favour of digital tokens
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have said the country’s major retail banks will soon phase out the use of One-Time Passwords (OTPs).
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Loyalty platform Heymax.ai raises US$2.6 million in seed funding
Singapore-founded loyalty platform Heymax.ai has raised US$2.6 million in seed funding, led by January Capital.
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Ashley Thomas: “One third of our workforce is dedicated to fighting financial crimes”
Rion Breslin, conference director of the Seamless series, speaks to Ashley Thomas, head of...
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TerraPay receives MPI licence from the Monetary Authority of Singapore
TerraPay has been granted a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
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Travel Genius secures funding for intelligence platform
Online travel platform Travel Genius has secured funding for the launch of a new intelligence-based platform designed to provide actionable insights and change how travellers plan and book their trips and experiences.
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Currencycloud granted ‘In-Principle Approval’ for payment licence in Singapore
Currencycloud has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS)
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Yuno names ex-Rapyd exec Jonathan Hall as Asia-Pacific Head
Payment orchestration platform, Yuno has appointed Jonathan Hall as Asia-Pacific (APAC) Head, to drive its commercial strategy and regional presence
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UPI integrates with PayNow to enable cross-border remittances
This interoperability milestone comes as result of close collaboration between the Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS) who see UPI adoption in cross-border transactions as key to improving overall financial inclusion.
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UAE’s Zand Bank partners with FOMO Pay on cross-border payments
Singapore’s FOMO Pay has teamed up with Zand Bank, a digital bank in the UAE to enhance cross-border payments between Asia and the Middle East and North Africa (MENA).
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Indonesia and Singapore launch cross-border QR payment linkage
In addition to benefitting micro and small businesses the cross-border QR payment linkage is aiming to support a significant number of travellers between the two countries, with travel rebounding post-pandemic.
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SC Ventures launches ‘audax’ digital banking platform
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has launched a digital banking platform called audax Financial Technology (audax), designed to complement banks’ core systems.
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Circle partners with Grab for Web3 pilot in Singapore
Circle Internet Financial (Circle) has partnered with ride-hailing app Grab to pilot Web3 Services in Singapore
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Payoneer receives approval from the Monetary Authority of Singapore
Payoneer is preparing to expand its services having been granted a Major Payment Institution licence from the Monetary Authority of Singapore.
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Alternative payments account for nearly 40% of e-commerce transactions in Singapore in 2023
Alternative payment methods such as mobile and digital wallets are being widely used in the e-commerce space in Singapore, accounting for 38.6% of online payments made in 2023, a GlobalData report has revealed.
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TerraPay receives in-principle approval from the Monetary Authority of Singapore
TerraPay plans to use the approval to bolster its existing local presence and partnerships across Singapore, South Korea, Vietnam, and the Philippines.
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Thunes extends Series C funding to $72m
Thunes extends Series C funding to $72m
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WhatsApp launches in-chat payments for Singapore-based businesses
Businesses in Singapore can now accept payments from customers directly from their WhatsApp chat, as part of a new partnership between the messaging platform and payments infrastructure provider, Stripe.
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Standard Chartered expands partnership with Tazapay
As part of the deal e-commerce merchants can accept payments from buyers locally in a range of markets via a single application programming interface (API) which includes the Tazapay Checkout system.
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