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Legacy Tech Still Plagues 95% of Asia Pacific Banks, Slowing Down Modernisation

Fintech News

Banking institutions across Asia Pacific are under increasing pressure to modernise. Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups. Yet, legacy systems remain a primary reason why banks cannot keep up with the market and innovate fast enough.

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RT2: A strategic transformation for UK payment providers

The Payments Association

RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important? It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure.

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MoneyGram CEO targets digital remake

Payments Dive

Anthony Soohoo is tackling a digital transformation of the legacy cross-border payments company, leaning on experience at Walmart and Apple.

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

Today’s shoppers expect options at checkout. Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. Whether it’s using a credit or debit card, a mobile wallet, or a contactless payment solution, flexibility is critical to guaranteeing a great payment experience for your customers.

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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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Bolt and Airwallex collaborate on global payment system for drivers

Finextra

Bolt, the global shared mobility platform, today announced a strategic partnership with leading global payments and financial platform, Airwallex, to build a new payments system for its drivers.

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

Fintech News

In the past decade, digital wallet adoption in Singapore has surged, overtaking long-standing payment methods such as credit cards and cash as the preferred payment method. 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.

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BPC Announces Strategic Expansion in Nigeria and New Key Appointments

Fintech Finance

In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria. This expansion includes a revamped market strategy and new key appointment: Managing Director for Nigeria at BPC, a seasoned expert who will bolster BPC’s local team, reflecting a commitment to delivering secure, innovative digital payment while driving

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Irish fintech NomuPay lands $40M at a $290M valuation from SoftBank

TechCrunch Fintech

As global trade evolves, there’s an increasing demand for diverse cross-border payment options. That’s why an Irish-based fintech startup called NomuPay has raised $40 million in a Series C round from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp, at a valuation of $290 million.

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Finovate Global Ireland: Investing in Payments and Partnerships

Finovate

This week’s edition of Finovate Global looks at recent fintech headlines from Ireland. Nomupay Raises $40 Million at $290 Million Valuation Courtesy of an investment from SBPS, a subsidiary of Japan’s SoftBank, Irish fintech Nomupay has secured €35 million ($40 million) in new funding. The capital gives the company a valuation of $290 million and comes as part of an alliance that will enable Nomupay to expand its reach into the Asian market. “Since our inception in 2021 we have

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Thunes Adds Denmark, Norway, Sweden to its Real-Time Payout Network

Fintech News

Global payments company Thunes has extended its Direct Global Network to Denmark, Norway, and Sweden, enabling real-time cross-border payouts to bank accounts in the Nordic region. The Singapore-based payments infrastructure provider said the new Direct Pay-to-Bank service supports payouts in Danish Krone (DKK), Norwegian Krone (NOK), and Swedish Krona (SEK).

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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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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments. The growing prevalence of digital wallets, embedded finance, and increasingly complex payment ecosystems means tokenisation is no longer a tactical upgrade but a strategic imperative.

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Keeta, Solo partner on blockchain-native credit bureau

Finextra

Keeta Network, a high-performance blockchain that connects Web3 and traditional financial systems, aims to be a real-world tokenisation and financial interoperability frontrunner by working with Solo. Solo turns data into reusable, verified credentials, enabling banks, fintech firms and cryptocurrency platforms to make smarter, faster decisions, without compromising privacy.

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Fiserv buys out AIB Merchant Services

Payments Dive

The payments processor’s deal to buy the ownership stake that it doesn’t already own is expected to give it a stronger foothold in Europe.

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Thunes Secures Money Transmission Licenses to Operate in the United States

Fintech Finance

Thunes , the Smart Superhighway to move money around the world, today announced it has secured the 50 licenses it requires to operate in the United States. This marks a major milestone following its recent Series D funding round and reinforces Thunes’ unwavering commitment to scale at pace and deliver on its strategic roadmap. The acquisition of the licenses by the newly formed Thunes Financial Services LLC entity, is a strategic differentiator in allowing Thunes to deliver its comprehensi

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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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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

Singapore has taken a definitive step forward in digital asset regulation via its Singapore DTSP licensing framework. The Monetary Authority of Singapore (MAS) released its final position on the proposed regulatory regime for Digital Token Service Providers (DTSPs), under the Financial Services and Markets Act 2022, a week ago. Effective 30 June 2025, the new Singapore DTSP licensing framework significantly tightens compliance expectations for Singapore-based and Singapore-incorporated entities

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Paysend launches instant settlement accounts to enable businesses to unlock liquidity by receiving, moving and settling funds globally in real-time

The Payments Association

Today, Paysend announced the launch of instant settlement accounts. This new feature enables PSPs, banks, marketplaces, FX brokers and freelancer/contractor EOR payroll platforms to unlock $400 billion in liquidity trapped in cross-border payment processing. Treasurers and CFOs can receive, convert, and settle funds instantly between the UK, Europe, and North America to optimise liquidity.

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Mastercard achieves 49% e-commerce tokenisation across Europe in one year

Finextra

A year after announcing its target of 100% e-commerce tokenisation across Europe, Mastercard reports it is almost halfway there.

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Sponsor or Exhibit at a 2025 PCI SSC Event

PCI Security Standards

Take advantage of the great opportunities to elevate your brand presence and connect with potential buyers and industry leaders when you sponsor or exhibit at a 2025 PCI SSC Community Meeting!

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

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Octopus Energy’s Electroverse and Enfuce Unveil Payments Card to Accelerate Fleet Electrification in the UK

Fintech Finance

Issuer processing powerhouse, Enfuce , has announced its strategic partnership with Octopus Energy ’s Electroverse, Europe’s largest EV charging network, to launch the Electroverse Business Payments Card, a next-generation fleet payment solution designed to simplify expense management for fleets and accelerate the shift to electric mobility for businesses across the UK.

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MAS Clarifies Rules for Crypto Service Providers With 30 June Deadline Looming

Fintech News

The Monetary Authority of Singapore (MAS) has provided clarification on the scope of its regulatory regime for Digital Token Service Providers (DTSPs). The announcement follows the authority’s 30 May response to feedback on its consultation paper on the Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act 2022.

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Toward financial inclusion: Shaping a national strategy for the UK

The Payments Association

With 44% of UK adults facing financial vulnerability, a national strategy seeks to close the gap through policy, innovation, and education. In December 2024, HMT announced the appointment of a Financial Inclusion Committee, tasked with advising the government on developing the first-ever National Financial Inclusion Strategy. The National Financial Inclusion Strategy, first pledged by the Labour Government as part of their Growth Manifesto, is due to be published by the end of 2025.

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Going Multi-PSP in the EU

Basis Theory

More than half of all merchants in the EU are using multiple PSPs. Heres why, and how you can if you arent already!

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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BCP launches British pound stablecoin

Finextra

BCP Technologies has launched the first British pound-backed stablecoin from an FCA-registered crypto issuer.

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Trust Payments Selects Trulioo to Streamline Verification, Reduce Onboarding Costs and Power Global Growth

Fintech Finance

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with Trust Payments , one of Europe’s fastest-growing payment technology providers. Trust Payments will use Trulioo Workflow Studio, Business Verification, Person Match, Identity Document Verification and Watchlist Screening to unify its onboarding processes, support regulatory compliance and elevate the customer experience across regions.

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Aussie Financial Watchdog Imposes New Restrictions on Crypto ATM Operators

Fintech News

Australias financial intelligence agency AUSTRAC has introduced new restrictions on crypto ATM operators and refused to renew the registration of one crypto ATM provider, Harros Empires, citing ongoing risks of criminal exploitation. This follows a taskforce review that identified increasing misuse of the machines in scam and fraud-related activity, particularly among older Australians.

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Challenging convention: Rethinking payments, platforms and progress

The Payments Association

In a frank conversation with The Payments Associations Tony Craddock, Sudip Lahiri, executive vice president & head – Europe & UK, financial services, at HCL, reflects on the evolution of payment infrastructures, the rise of AI, the cautious march toward digital currencies, and why cannibalising your own business can sometimes be the smartest move.

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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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Airlines decry proposed card amendment

Payments Dive

Airline and aviation industry stakeholders argue the Marshall-Durbin amendment to the GENIUS Act bill would harm consumers and workers by undercutting credit card revenue.

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Revolut launches ATM network in Spain

Finextra

Revolut has rolled out its first purpose-built ATMs in Spain.

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Bolt Optimises Payments With Silverflow’s Innovative Processing

Fintech Finance

Silverflow , a leading innovator in payment processing technology, has partnered with shared mobility platform Bolt to optimise payment operations through the implementation of Silverflows next-generation platform and enhanced data transparency capabilities. As Bolt expands its services from ride-hailing and food delivery to e-scooter and car rentals the complexity of its payment operations has grown significantly.

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From Quicker Checkouts to AI, What Do Singapore Shoppers Want in 2025?

Fintech News

In Singapore, the future of retail is already in motion. Consumers here are making sharp, values-driven decisions about how they shop, who they trust, and what technologies they allow into that journey. These are, in fact, the key drivers of Singapore retail trends in 2025. From seamless AI-powered interactions to rising concerns over digital fraud, shoppers are setting new expectations for speed, safety, and social responsibility.

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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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PayTabs Group Achieves Fintech Dominance With Its’ Saudi Built, AI-Powered Payment Orchestration Platform

Fintech Finance

PayTabs Group , a Future 100 company and MENA’s award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region.

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