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What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

QR code payments are driving this trend, with volumes surpassing US$13 billion in 2023 and over 85% of retailers in Thailand, Vietnam, and Indonesia now accepting the payment method. The Philippines has emerged as a key alternative lending market in Southeast Asia, accounting for 59% of deal volume in 2024. million registered users.

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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

This session drew participants from diverse industries, including retail, travel, telecommunications and hospitality, each grappling with unique yet interconnected fraud challenges. The topic concluded with participants agreeing that fraud is no longer limited to traditional theft or hacking. This is a loophole that needs to be closed.

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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digital payment landscape in India, and ensuring equal opportunities for all participants, India TV News reported.

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Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow

Fintech News

These innovations are essential to ensuring accuracy, safeguarding sensitive data, and building trust as cross-border payment volumes and complexity continue to grow. Additionally, expanding global payment networks are connecting local systems with international platforms, enabling wider participation and greater transparency.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

The system uses global standards like ISO 20022, which ensures that all participants can communicate efficiently, regardless of local system differences. How can APAC banks differentiate themselves by participating in Nexus? Eli Shoshani : Early participation allows banks to set themselves apart as leaders in innovation and efficiency.

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

Fintech Finance

Enabling seven-day-a-week settlement for stablecoins: Visa has settled more than $225 million to date in stablecoin volume that has been settled through Visa across participating clients. Participating issuers will enable cardholders to accept contactless payments through their bank’s mobile app.

AI
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ProjectPay’s Fintech Payments Platform to Support UK Government

Fintech Finance

Selected tier-one contractors are being invited this week to participate in the next phase. ProjectPay is already being used on government projects in Australia and is being rolled out on public entity projects in the USA (where ProjectPay is poised to capture a segment of the US$2 trillion payments volume).