PayPal uses stablecoin to pay invoice
Finextra
OCTOBER 6, 2024
PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.
Sun.Oct 06, 2024
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Singapore Ramps Up Anti-Money Laundering Measures After S$3 Billion Bust
Fintech News
OCTOBER 6, 2024
Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). This comes after a review sparked by the high-profile money laundering case in August 2023, in which more than S$3 billion worth of assets were seized. The IMC’s report outlines strategies aimed at strengthening prevention, improving detection, and enforcing tougher penalties to better protect the integrity of Singapore’s financial system against increasingl
Curve Ups Fee-Free Spending Limits to £100,000 and Introduces 1% Cashback on International Spend
The Fintech Times
OCTOBER 6, 2024
Global wallet provider Curve has launched a new foreign spending scheme, increasing fee-free spending limits and cashback on international spend, in a move to eliminate foreign transaction fees. As part of its ongoing mission to reshape the mobile wallet experience, Curve has increased fee-free spending limits up to £100,000, saving travellers up to three per cent on foreign spending.
Swift Moves Beyond Experiments to Trial Live Digital Asset Transactions in 2025
Fintech News
OCTOBER 6, 2024
Swift, the global financial messaging network, will launch live trials of digital asset and currency transactions in 2025. Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. These trials will demonstrate Swift’s orchestration capabilities, moving beyond experimentation to real-world application.
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.
Talk About it: Loqbox Reveals Ways Of Improving Financial Wellbeing
The Fintech Times
OCTOBER 6, 2024
The UK credit-building business, Loqbox , has set out to provide people with the knowledge, confidence, and tools to reach their financial goals and feel better about money as it reveals that finance remains a taboo topic for many across the UK. It examined 150,000 respondents to understand which age groups were struggling the most when it comes to discussing finances.
Ben Wong to Lead Adyen’s Southeast Asia and Hong Kong Operations
Fintech News
OCTOBER 6, 2024
Global payments platform Adyen has appointed Ben Wong as its new General Manager for Southeast Asia and Hong Kong. In his new role, Wong will manage the company’s commercial operations across the region, focusing on growth strategies and strengthening partnerships in key markets, including Singapore, Malaysia, and Hong Kong. Wong joined Adyen in 2016 in a technical role before transitioning to sales in 2017.
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Swiss-UK Agreement Sends Strong Signal for Open Financial Markets
Fintech News
OCTOBER 6, 2024
Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement is the first time two countries have concluded an international treaty on the equivalence of their respective legal and regulatory frameworks in selected financial areas.
Danske Bank and Klarna make recurring payments via Swish
The Paypers
OCTOBER 6, 2024
Danske Bank and Klarna have announced that they will now make recurring payments via Swish , providing the service to their corporate customers and clients.
Thailand Unveils ‘Your Data’ to Enable Sharing of Personal Data for Financial Services
Fintech News
OCTOBER 6, 2024
The Bank of Thailand (BOT) has launched the “Your Data” project, aimed at enabling users to securely send their personal data to financial service providers through digital channels. This initiative is a collaboration between the BOT, the Securities and Exchange Commission (SEC), the Office of Insurance Commission (OIC), and other relevant agencies.
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