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Digital Wallets Overtake Credit Cards as Top E-Commerce Payment Method in Singapore

Fintech News

According to Worldpay’s Global Payments Report 2025, digital wallets now lead e-commerce transactions and are the second most-used payment method for point-of-sale (POS) transactions, accounting for 39% of e-commerce transactions, and 29% of transaction value in 2024. 25%), Apple Pay (22%), GrabPay (12%) and Google Pay (12%).

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Fintech Solutions for SMEs: Unlocking Growth Potential

Fintech Review

Companies like Branch and PayPal Working Capital offer smaller, short-term loans tailored to small businesses’ unique needs. Fintech innovations Point-of-Sale (POS) Innovations Affordable POS solutions like Square and Yoco allow SMEs to accept card payments without traditional banking infrastructure.

FinTech 105
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Wallet wars: How digital payments are reshaping finance

The Payments Association

We are seeing strong adoption and demands for wallets like PayPal, Alipay, and WeChat Pay as they have evolved from basic payment tools to comprehensive financial ecosystems. This brought near-field communication (NFC) technology to in-store payments, changing the point of sale (POS) sector.

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What is Reconciliation in Payments

Clearly Payments

Collecting Data First, businesses gather financial data from different sources, such as: Sales and invoice data from their point-of-sale (POS) or e-commerce system Bank statements showing deposits and withdrawals Reports from payment processors (like PayPal, Stripe, or Clearly Payments) Credit card settlement data 2.

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The Full List of Fintech Unicorns in Asia (2025)

Fintech News

Its cloud-based platform supports over 140,000 merchants in 3,700 cities across India and Malaysia, with a strong focus on point-of-sale (PoS) transactions. The company became a unicorn in 2020, backed by major investors like Flipkart, Mastercard, PayPal Ventures, and Temasek Holdings. CRED Valuation: $6.4

FinTech 136
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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). For example, PayPal charges 2.9% + a flat fee of the transaction amount, while Stripe has a standard fee of 2.9% + $0.30. EFT reduces friction in the customer journey. per transaction.

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The Digital Wallet Experience, With or Without Your Phone: Curve Launches Curve Pay

The Fintech Times

A 2024 study showed 68 per cent feel confident enough to leave their physical wallets at home, and over the next three years, digital wallet usage is expected to more than double at UK point-of-sale (POS). Curve Pay is a natural next step as part of Curves ambitions for customer-centric innovation and growth.