Tue.Nov 05, 2024

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Millions of Merchants to Accept Crypto Payments via Ingenico and Crypto.com

Fintech News

Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide. This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. The partnership leverages Ingenico’s new merchant wallet, connected to AXIUM Android terminals, designed to simplify the integration of crypto payments

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Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets With Existing Payment Systems

Fintech Finance

Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories. Traditional fund operations often face inefficiencies in subscription and redemption processes, including manual interventions, delayed settlements, and

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Tencent and Visa Roll Out Palm Payment Trial in Singapore

Fintech News

Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.

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Klarna Now Available at John Lewis & Partners

Fintech Finance

Klarna , the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and in the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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OCBC and Land Transport Authority Pilot Blockchain Payments for Construction

Fintech News

OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This innovative system aims to streamline the disbursement of mobilisation advance payments to contractors, enhancing efficiency and transparency. These payments, often amounting to millions, help defray heavy upfront capital outlays for contractors at the start of projects.

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Standard Chartered and Wise Platform Partner to Transform International Payments Experience

Fintech Finance

In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit. The partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies including USD, CAD, EUR, GBP, SGD, HKD, JPY in a

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NatWest and Mastercard Launch Mobile Virtual Card Solution for Business

The Fintech Times

UK bank NatWest has partnered with payments giant Mastercard to launch a new mobile virtual card payment solution for business, Approval2Buy with Mobile Virtual Cards. Becoming the first service in Europe to leverage the Mastercard mobile virtual card app, NatWest plans to enable companies to provide virtual cards to their employees for use worldwide.

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StraitsX Enables Stablecoin-Based Payments for Tourists at GrabPay Merchants

Fintech News

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. This collaboration follows an initial MOU signed at the 2023 Singapore Fintech Festival. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.

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Fed aims to make instant payments the norm

Payments Dive

“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.

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State Bank of India Launches ‘SBI Innovation Hub’ With APIX at SFF 2024

Fintech News

The State Bank of India (SBI) has partnered with APIX , a global innovation platform connecting financial institutions and fintechs, to launch the SBI Innovation Hub at the Singapore Fintech Festival. The hub will serve as a space for fintechs, startups, and innovators to create new financial solutions for SBI’s customer base. The SBI Innovation Hub will provide access to over 250 of SBI’s financial service APIs, a secure sandbox environment for testing, and opportunities to particip

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Standard Chartered embeds with Wise for global remittances

Finextra

Wise has signed Tier 1 global bank Standard Chartered to use its platform for cross-border remittances in Asia and the Middle East.

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OCBC and Ant International to Pilot Real-Time Blockchain Solution for Fund Settlements

Fintech News

OCBC Bank and Ant International have announced a strategic partnership aimed at streamlining cross-border fund settlements using tokenised deposits and leveraging advanced encryption and AI. The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform. This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions.

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Central banks form steering organisation to oversee roll out of Project Nexus

Finextra

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.

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Nium Boosts Cross-Border Payment Efficiency with Partior

Fintech News

Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping

Fintech Finance

MeaWallet , a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants. MeaWallet product updates support businesses facing mandatory regulatory requirements that state they must support Click to Pay, as well as those aiming to offer customers

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Thunes and GCash to Simplify Remittances for Filipinos in Europe

Fintech News

A new partnership between global payments network Thunes and the popular Philippine digital wallet GCash will make it easier for Filipinos living in the U.K. and Europe to send money back home. Through this collaboration, GCash users can now top up their digital wallets directly from their European bank accounts in real-time. This service is estimated to benefit an estimated 2 million Filipino expatriates in Europe.

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Mobile and Banking Industries Join Forces to Fight Fraud

Fintech Finance

GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s leading mobile network operators and banks to develop and launch Scam Signal, a new solution to help address Authorised Push Payment (APP) fraud in the UK. Scam Signal is launching as a collaboration between mobile network operators EE, Virgin Media O2, Three, Vodafone and UK Finance members, including NatWest, participating on behalf of the banking industry.

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Project Nexus Preps for Live Launch with New Singapore Managing Entity

Fintech News

The five central banks collaborating on Project Nexus will set up a managing entity called the Nexus Scheme Organisation (NSO). Based in Singapore, the NSO will oversee the project as it moves towards live implementation stages. Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Ingenico and Crypto.com Partner to Launch a Seamless Crypto Payment Solution for Millions of Ingenico Merchants Worldwide

Fintech Finance

Ingenico , a global leader in payment acceptance and services, and Crypto.com , a leading crypto trading platform, are proud to announce a ground-breaking partnership to bring crypto payments and merchant services to the Ingenico platform worldwide. This pioneering “plug-and-play” solution will empower Ingenico merchants to accept crypto payments seamlessly and securely, meeting the needs of over 680 million consumers.

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Ravi Menon to Chair GFTN, Former Central Bank Governors Join Advisory Board

Fintech News

The Global Finance & Technology Network ( GFTN ) announced its Board of Directors and International Advisory Board today. Established by the Monetary Authority of Singapore (MAS) to promote innovation in finance, GFTN has assembled a team of prominent figures from public and private sectors worldwide. GFTN will operate through four strategic businesses: GFTN Forums, a global conference platform focused on finance and technology; GFTN Advisory, providing practitioner-led advisory services and

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Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry

Fintech Finance

Nium , the leading global infrastructure for real-time cross-border payments, today announced a strategic partnership with HyperGuest , a premier B2B marketplace for the travel and hospitality industry. This collaboration brings together Nium’s advanced virtual card payment solution with HyperGuest’s innovative travel distribution platform to deliver greater efficiency, speed, and security in payments for HyperGuest’s network of travel partners, hotels, and other accommodation providers around t

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Singapore Fintech Report 2024: Losses Continue to Mount for Digital Banks

Fintech News

In 2024, Singapore’s fintech landscape continued its dynamic expansion, reinforcing the country’s position as a leader in payment innovation, digital banking and digital asset management. The 2024 Singapore Fintech Report , produced by Fintech News Singapore under the support of Visa Direct, offers an analysis of these advancements, exploring the transformation of this burgeoning ecosystem as well as the key trends shaping the sector.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Mastercard Launches Pay Local, Enabling Asia’s Digital Wallet Providers to Process Card Payments From More Than 2 Billion Mastercard Cardholders

Fintech Finance

Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants, without needing to set up or top up a prepaid account.

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Visa Announces New Products and Services at SFF 2024

Fintech News

Visa has announced a suite of new products and services aimed at transforming the future of payments in the Asia Pacific region at the Singapore Fintech Festival 2024 (SFF 2024). One of the central products, Visa Flexible Credential , allows a single card to switch between various payment options—such as debit, credit, installment payments, or rewards redemption.

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Plumery Partners with Payment Components to Modernise Global Financial Institutions

Fintech Finance

Plumery , a digital banking experience platform for true customer-centric banking, today announced a new partnership with Payment Components , a leader in payments and open banking solutions. By decoupling digital experience and payment processes from legacy systems, institutions can now innovate more flexibly and efficiently, streamlining operations while maintaining their existing core banking frameworks.

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LatAm and Africa’s Gaming Booms Offer Growth for APAC Firms, Says EBANX

Fintech News

Latin America (LatAm) is home to a vibrant and expanding gaming community that is seeing rapid growth in both user base and revenue. With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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DOJ’s Visa lawsuit could affect Capital One-Discover review

Payments Dive

If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.

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Mastercard Replaces OTPs with Biometrics for Secure Online Checkouts in APAC

Fintech News

Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. This service allows consumers to authenticate online payments using biometrics like fingerprints or facial scans, similar to unlocking a smartphone. The Mastercard Payment Passkey Service combines tokenisation, Click to Pay, and biometric authentication to offer a seamless and secure checkout experien

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72% of Merchants Report Increase in Chargebacks, Leading to Higher Prices for Consumers

Fintech Finance

Chargebacks911 , the global chargeback technology leader, has found that 72% of merchants have experienced an increase in chargebacks over the past three years, with many businesses raising prices to offset the growing costs. These recently released findings come as the payments industry grapples with the fact that illegitimate disputes by cardholders through card-not-present (CNP) transactions are outpacing the growth of eCommerce sales.

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Italy’s Booming Fintech Sector on Display in Singapore Fintech Festival

Fintech News

Italy’s fintech sector is making a strong showing at the Singapore Fintech Festival 2024 held from 6-8 November. With over 66,000 attendees from over 150 countries, the festival provides a prime platform for Italy to showcase its burgeoning fintech industry. The Italian Trade Agency, with support from the Italian Ministry of Foreign Affairs and International Cooperation, has organised a dedicated Italian Pavilion featuring nine innovative companies.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt