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Grab’s Digital Bank Deposits Surpass US$1.2B, Loan Disbursements Hit US$639M

Fintech News

The company recorded a quarterly net profit of US$11 million, while adjusted EBITDA improved to US$97 million. billion, exceeding guidance, with adjusted EBITDA rising to US$313 million. Customer deposits in Grabs digital banking operations in Singapore and Malaysia continued to rise, reaching US$1.2 billion in Q4, up from US$1.1

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Thai Government Adjusts Digital Wallet Handout Plan to Include Cash Payments

Fintech News

The scheme, initially intended to transfer 10,000 baht in digital credits to 50 million citizens for use within their localities, is undergoing final adjustments, with details to be disclosed in an upcoming parliamentary policy statement. is continuing to push forward with the initiative.

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Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

To allow sufficient time for adjustment, the deadline for ceasing corporate cheque processing has been extended by one year to the end of 2026. Seniors aged 60 and above as of 31 December 2025 will continue to benefit from waived cheque service fees at major retail banks.

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5 ways COVID-19 changed the nature of payments fraud

Payments Source

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.

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Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees

Fintech Finance

Though the prospect of global instant payments is on the horizon, businesses and individuals continue to lose money and opportunities due to the current system’s fragmentation, inefficiency, and lack of transparency.

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The Role of Digital Payouts In Mitigating The Insurance Industry’s Business Continuity Risks

PYMNTS

Field adjusters aren’t able to physically assess a case, noted Reuter, and over-the-phone strategies have slowed down the process of closing cases and issuing payouts. According to Reuter, the majority of insurance carriers continue to use this disbursement method because it’s familiar to both the insurance carrier and policyholder.

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GXS Bank Ups Savings Limit to S$95,000 for Bigger Returns

Fintech News

This enhancement provides customers with more room to grow their savings while continuing to benefit from the banks competitive interest rates and innovative features. GXS Bank has announced an increase in the maximum balance per GXS Savings Account, raising the limit to S$95,000 effective March 20, 2025.

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