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dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. This collaboration aims to bridge traditional payments with digitalcurrencies, enabling merchants to accept transactions from a growing segment of UHNW customers.
The collaboration aims to enhance the practicality and accessibility of digitalcurrencies as it focuses on simplifying the conversion process from cryptocurrency to local fiat currencies, thereby addressing some of the challenges that have previously limited wider adoption of digitalcurrencies. as a whole.
The global fintech landscape is witnessing a staggering growth, fueled by booming consumer adoption, supportive regulatory efforts and technological advancements. Between 2015 and 2019, consumer adoption of digital money transfer and payment services grew from a mere 18% to an impressive 75%, findings from a Statista survey found.
Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 At the same time, industry stakeholders showed interest in AI, with both investors and corporates looking for ways to leverage AI-generated content within fintech use cases, especially in marketing and customer engagement functions.
Across the region, fintech has risen to prominence, becoming one of CCA’s investors preferred investment targets. Of that amount, about 40% was raised by fintech startups, making the segment the favorite of investors in the country. Pave Bank, a new digital bank , raised US$5.2 Uzbek startups secured a total of US$6.3
In H1 2024, fintech startups in Asia raised a total of US$2.4 Despite current funding challenges, fintech experts and industry observers are still optimistic about the region’s long-term growth prospects, driven by factors such as a young population, a large consumer base, and supportive government initiatives.
Efforts were also made to advance digital assets, tokenization and central bank digitalcurrency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. and advancing talent. 136), regtech (119) and investments and wealthtech (82).
Zero Hash supports over 50 digitalcurrencies across 22 blockchains and has processed transactions totaling over US$15 billion. We are proud that leading Web3.0 Footprint With Zero Hash Partnership appeared first on Fintech Singapore. standards, facilitates seamless ACH bank transfers for crypto purchases.
The Monetary Authority of Singapore (MAS) has unveiled the finalists for the 2024 Global Fintech Hackcelerator. The winners of the competition will be announced on 7 November 2024 during the SFF Fintech Excellence Awards. Here Are the 18 Finalists for Global Fintech Hackcelerator 2024 1.
Or, perhaps you’re a payment processor serving large banks and want to attract fintech clients with appealing offers. Finally, you could be an ambitious fintech with an adaptable embedded finance solution, foreseeing the need for quick modifications or branching into new business areas. fostering intense competition.
CoinDesk was previously owned by the DigitalCurrency Group (DCG), which acquired the media company back in 2016 for US$500,000. CoinDesk’s key businesses include CoinDesk Media, which delivers news stories on the crypto and blockchain industry; CoinDesk Events, which gathers the global crypto, blockchain and Web3.0
The Asia-Pacific (APAC) region boasts one of the fastest-growing fintech industries globally, home to several leading players and the highest levels of fintech adoption worldwide. In 2024, financial regulators ramped up efforts to introduce supportive frameworks aimed at fostering fintech innovation and adoption.
By enabling top-ups through fiat or digital assets, were allowing both mainstream and Web3.0-savvy The post DCS, Visa Roll Out Micro Credit Card Allowing Stablecoin Conversion for Everyday Use appeared first on Fintech Singapore. said Elsa Qiu, Chief Commercial Officer at DCS Card Centre.
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