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Trust Bank Adds New Security Feature ‘Trust Lock’ to Combat Scams

Fintech News

Singapores digital bank, Trust Bank , has introduced a new security feature called Trust Lock , designed to provide users with an added layer of protection against scams. Locking your money Trust Lock allows customers to secure funds in a designated Savings Pot within the bank app.

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PayPal Partners With TerraPay to Enable Real-Time Fund Transfers Across MENA

The Fintech Times

PayPal , the global digital payments and commerce giant, has joined forces with TerraPay , the global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. Expanded financial connectivity, empowering millions of customers to transact internationally with ease.

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Finmo Secures UK EMI Licence and Plans to Scale Embedded Finance Solutions

The Fintech Times

With its new EMI licence, Finmo can now issue electronic money and offer a range of new payment services, including account issuance, domestic and cross-border fund transfers, and foreign exchange transactions. The post Finmo Secures UK EMI Licence and Plans to Scale Embedded Finance Solutions appeared first on The Fintech Times.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

The PoC represents the Immediate State phase of Project Garuda, an initiative designed to explore the application of distributed ledger technology (DLT) in creating a secure and efficient wholesale digital currency system. To achieve this, the PoC focused on three key processes: issuance, redemption, and fund transfers.

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Singapore Fintech Finmo Expands into UK with New Payment License

Fintech News

The license permits Finmo to issue electronic money, process domestic and international fund transfers, offer foreign exchange services, and issue IBANs. It also allows the company to hold safeguarded client funds in the UK and connect directly to local clearing systems, including Faster Payments and CHAPS.

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The Journey of Payments and Clearing Systems in India

Finextra

Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. This democratized electronic fund transfers for individuals and small businesses.

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Paysend partners with Tink to enhance open banking payments for faster seamless transfers

The Payments Association

With Tinks secure open banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank, eliminating the need to manually enter details and bypassing multiple security steps. The result is a smooth, fast and secure payment experience.