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How to Choose a Payment Solution That Scales with You

Stax

Youre hitting volume or transaction limits Many small business owners face caps on daily credit card transactions or suffer from settlement delays. Ask about flat-rate options, subscription pricing (like Stax), and whether fees adjust as your business evolveswithout locking you into long-term contracts.

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YouTrip Enables International Transfers to Over 40 Countries

Fintech News

Transfers can only be made from funds topped up via PayNow or a linked bank account, with transaction limits set at S$20,000 per transaction and S$100,000 annually. Security measures include OTP verification and PIN or biometric authentication for transactions exceeding S$1,000.

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Upcoming Shared Responsibility Framework Will Protect Minor’s Bank Accounts

Fintech News

In joint accounts, parents retain full control over account operations, while sole-name accounts for minors have stricter safeguards, such as lower daily transaction limits of S$50 to S$100, which parents can adjust. Such accounts aim to instill financial management skills in children while providing a controlled environment.

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MAS Reiterates Robust Controls on Cross-Border Payments to Combat Scams

Fintech News

Key among these measures are a default transaction notification threshold of S$100 or lower and a daily transaction limit of no more than S$1,000. They continuously monitor scam trends and adjust their measures as needed.

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APAC’s Digital Banking Growth Sparks a Surge in Fraud Cases

Fintech News

Respondents also said they had adjusted their transaction limits to reduce the impact of fraud losses (53%), enhanced security on their banking apps (40%), undertaken security audits of their mobile banking infrastructure (32%), and partnered with network operators or device makers to enhance security (26%).

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Using Venmo for Business: Everything You Need to Know

Payment Savvy

Venmo for Business Fees & Transaction Limits If you’re considering using Venmo for your small business, you must be aware of the fees and transaction limits associated with Venmo Business Accounts. As for the fees, these will differ depending on the type of transaction. Only available in the US.

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PSR confirms APP scam protection updates and consults on high-value fraud cap

Neopay

The review highlighted the complexity of these frauds, noting that many large-scale scams were made up of multiple smaller transactions, which reduces the effectiveness of transaction limits as a protective measure. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

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