Fintech Finance

JUNE 24, 2024

Over a quarter (29%) more tourists to Europe are paying with Alipay+ than in 2023, and 11% more compared with the previous week, given an increase in international tourism from China and other Asian countries, as well as the growing popularity of Europe as a travel destination since the pandemic.

Transactions

The Fintech Times

AUGUST 19, 2024

Since China took Hong Kong back from the British during the 1997 handover, the uniqueness of the Hong Kong Special Administrative Region (SAR) meant that under the ‘one country two systems’ policy, it continues to thrive thanks to its own strengths. As a result, Hong Kong SAR is the world’s largest offshore yuan financing centre.

FinTech

Fintech News

JUNE 5, 2024

ANEXT Bank’s customers have extended their operations into key markets such as mainland China, Hong Kong SAR, the United States, and various Southeast Asian countries. These trends align with Singapore’s role as a global trade and financial hub. million.

Micro-Entry

The Fintech Times

DECEMBER 16, 2023

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). Digital payments In 2023, Alipay expanded its cooperation with major international card organisations to facilitate foreign cardholders visiting China.

Cross-Border

The Fintech Times

APRIL 29, 2024

If that is not the case, and you observe unusual and/or suspicious activity, submit a report (via a suspicious activity or transaction report – SAR or STR) to your local financial intelligence unit (FIU) for investigation, if necessary, escalate matters to the relevant law enforcement authorities. million SARs to the U.S.

Money Laundering

The Fintech Times

SEPTEMBER 6, 2024

Returning to China in 1999, Macau became a Special Administrative Region (SAR) under the ‘one country two systems’ policy. Consequently, the SAR launched its plans for diversifying the economy based on the ‘1+4’ model in 2023. This sentiment was shared in Macau.

SARS

Fintech Finance

JULY 30, 2024

In 2023, China was the largest import destination for both the UK and the European Union. In particular, SMEs in the UK and the European Union that source from China can now pay a wide range of suppliers who are also World Account users within seconds, thanks to WorldFirst’s extensive client base in the country. In the U.K.

Cross-Border

Fintech Finance

OCTOBER 21, 2024

Ant Group began its partnership with Tinaba and Banca Profilo in 2016, extending it to the Alipay+ solution in 2023, supporting users to make mobile payments at more than 2.5 million Alipay+ supported stores.

Mobile Payments

Fintech Finance

FEBRUARY 18, 2025

billion in 2023 and is projected to grow to $5.4 HEYTEAs official spokesperson commented :Checkout.coms modular technology helps us adapt easily to consumer expectations across diverse markets, providing an exceptional payment experience to our global customers. The bubble tea market was valued at $3.1 billion by 2033.

Digital Payments

The Fintech Times

APRIL 29, 2024

Various major global destinations have already accepted these Alipay+ partner wallets, including the Chinese mainland and Macao SAR, Singapore, Thailand, Malaysia, The Philippines, South Korea, Japan, Europe, as well as the Middle East.

eWallet

Segpay

MARCH 24, 2025

billion in 2023. USA: Stricter transaction monitoring, requiring Suspicious Activity Reports (SARs) to FinCEN and geographical targeting orders (GTOs) for high-risk areas. Casinos and online gambling firms follow Bank Secrecy Act (BSA) rules and file Suspicious Activity Reports (SARs). Australians love to game and gamble.

Compliance

Fintech Finance

DECEMBER 7, 2023

Customers visiting International Shoppes in December 2023 will also enjoy an instant discount of $10 when spent $200 or more with Alipay+ e-wallets. More details about Alipay+ click here and the implementation via Citcon. The post Citcon Partners with Alipay+ to Enable Cross-Border Mobile Payment for U.S.

Cross-Border

Fintech Finance

DECEMBER 15, 2023

The cooperation covers all major transaction currencies on Trip.com’s global sites accepting UnionPay online payment, include Hong Kong SAR, Singapore, Korea, Thailand, Malaysia, Indonesia, Philippines, Vietnam and other key travel markets of Trip.com. million hotels offering guests a wide range of accommodation options.

Cross-Border

The Fintech Times

AUGUST 1, 2024

In 2023, China was the largest import destination for both the UK and the European Union. This includes: the Chinese mainland Singapore Hong Kong SAR of China Australia Vietnam Malaysia Thailand Japan New Zealand Payment speed is a big pain point for SMEs when it comes to global transactions.

Accounts

The Fintech Times

SEPTEMBER 10, 2024

For instance, Chinese retail web sales surpassed $2.1trillion in 2023, double that of the US. By the end of June 2023, e-CNY transactions – primarily used for domestic retail payments – totalled 1.8 This year, Hong Kong SAR announced it would allow the pilot digital currency to be used in local shops.

FinTech

Fintech Finance

APRIL 26, 2024

Since 2023, Hong Kong has seen a continued growth of inbound travelers following the launch of global campaigns by the Hong Kong Tourism Board (HKTB) to welcome visitors from all around the world. In 2023, more than 34 million travelers visited Hong Kong1, and in the first quarter of 2024, a total of 11.23

Cross-Border

Seon

MAY 10, 2024

If it’s determined a SAR needs to be filed, all the information needed can be found within case details, populated and filed directly with the regulatory authorities. Sources: Deloitte Banking Alert – February 2023 The post How AML Case Management Drives Efficiency in Financial Investigations appeared first on SEON.

AML

Fintech News

JUNE 18, 2024

Her efforts culminated in the acquisition of Dot Loves Data in March 2023, where she now serves as the board chair. In this capacity, she established strategic priorities, built data infrastructure, and developed the necessary capabilities to achieve ANZ’s data ambitions.

APACS

Neopay

JULY 4, 2024

The FCA uses data from REP-CRIM, Suspicious Activity Reports (SARs), whistle-blowers and other sources to analyse large amounts of firm data. I haven’t seen the final figures for 2023 yet but I get the impression they’re down as the FCA is moving to other enforcement methods. We’ve talked a lot about what the FCA are doing.

AML

Seon

JUNE 1, 2023

In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments.

Checks

CB Insights

JUNE 17, 2020

Chatbots were on pace to save these sectors more than $11B by 2023. every year since 2003 for pandemic insurance following the SARS outbreak. This type of clause was introduced by many insurers following the SARS outbreak of 2003. Demand for Covid-19 insurance coverage has intensified in recent weeks and months.

Posting