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Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets

Fintech News

This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions. Banks are introducing stricter card provisioning security measures, including in-app controls and digital token authentication, which will be fully implemented by July 2025.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Antony Lane, sales account manager at G+D , corroborates this, stating G+D increasingly uses tokenisation to improve in-app provisioning, simplify lifecycle credential management, and personalise user journeys across devices and channels. As a result, tokenisation is becoming essential for maintaining trust and fluidity.

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Viking Outdoor Footwear tests item-level QR codes for digital product passports

NFCW

DPP TRIAL: Viking product labels will include QR codes that link to item and sustainability information Customers of Norwegian footwear brand Viking Outdoor Footwear will soon be able to scan a unique QR code on individual products to discover an items sustainability credentials as part of a trial of digital product passports (DPPs).

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The Future is Here: Visa Asia Pacific Announces New Era of AI-Driven Commerce

Fintech Finance

” The Visa Asia Pacific media showcase highlighted how AI-enabled digital commerce will significantly change the way consumers across the region discover and purchase products and services. billion credentials at millions of merchant locations worldwide T.R.

AI
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The digital wallet revolution: navigating Europe’s payment future

The Payments Association

In addition to payments, many consumers are beginning to expect features such as digital identification, authentication, and integration with public or private services. On the merchant side, we need to offer the best payment options for consumers, while supporting wallets as they go to market.”

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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

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One Tap to Pay, Three Steps to Bank: Why Your Smartphone Gets You, But Your Bank Still Doesn’t

Fintech Finance

Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance.