Fintech News
DECEMBER 10, 2023
Mastercard, in partnership with NEC , is set to pilot a facial recognition-based checkout system in Asia. The initiative is set to commence with trials next year, targeting potential markets in Asia, including Singapore and Indonesia. This initiative reflects the region’s keen adoption of new technologies, with over 80 percent of Mastercard transactions in Asia being contactless.
The Fintech Times
DECEMBER 10, 2023
It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.
Fintech News
DECEMBER 10, 2023
The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments. This engagement is part of the RBI’s effort to advance its pilot projects on a digital rupee, focusing on its potential for retail and wholesale cross-border payment applications.
TechCrunch Fintech
DECEMBER 10, 2023
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We’re looking at a bunch of news — from new unicorns, to a fintech doing good, to one that shut […] © 2023 TechCrunch. All rights reserved.
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
Fintech News
DECEMBER 10, 2023
The central banks of Vietnam and Cambodia officially launched a cross-border QR payment linkage between the two neighbours on December 3, 2023, at a launching ceremony in Cambodia’s Siem Reap province. The Governor of the State Bank of Vietnam (SBV) , Nguyễn Thị Hồng, and the Governor of the National Bank of Cambodia (NBC) , Chea Serey, oversaw the announcement of the cross-border QR payment link, reflecting a step towards improved financial integration and promoting the use of local currencies
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
DECEMBER 10, 2023
In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle for small and medium-sized enterprises (SMEs) and financial institutions (FIs), particularly in a vibrant market like Singapore. This issue transcends mere financial loss, encompassing operational disruptions, customer dissatisfaction, and potential damage to reputation.
Nanonets
DECEMBER 10, 2023
In the intricate web of global commerce, the logistics industry is the backbone, connecting manufacturers to consumers across vast distances. However, this interconnectedness comes with its fair share of challenges. From the moment a product is manufactured to its final delivery, an array of documents accompanies its journey, often creating bottlenecks in the seamless flow of operations.
Fintech News
DECEMBER 10, 2023
In the dynamic world of fintech, staying informed about the latest trends and challenges is crucial for businesses and individuals alike. This guide delves into a curated list of five influential fintech reports and whitepapers, with each of the resources shedding light on critical aspects of the industry and the evolution of the landscape in key Asian markets.
Innovative Payments Association
DECEMBER 10, 2023
In the latest Federal Reserve (issued Oct. 25) proposed rule on debit interchange, the big news was that banks with more than $10 billion in assets would pay a lower interchange fee when their customers use a debit card. More importantly, the proposal would also give the Fed the power to change the interchange cap every other year based on data from bank surveys on transaction costs.
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Fintech News
DECEMBER 10, 2023
Maybank has appointed Alvin Lee Han Eng as its new Country CEO for Singapore, as well as CEO of Maybank Singapore Limited and CEO of Malayan Banking Berhad Singapore Branch, effective 1 January 2024. Alvin, Head of Community Financial Services and Group Wealth Management in Singapore will take over from retiring CEO Dr John Lee Hin Hock and lead Maybank’s Singapore operations.
Finextra
DECEMBER 10, 2023
Canada has finalised a deal with Visa and Mastercard to lower credit card interchange fees for small businesses.
Fintech News
DECEMBER 10, 2023
In a move to bolster its online shopping presence in Southeast Asia, TikTok has announced a major investment of US$1.5 billion to acquire a controlling stake in Tokopedia, the e-commerce marketplace of Indonesia’s PT GoTo Gojek Tokopedia Tbk. This strategic partnership between the country’s two most popular online platforms aims to reinvigorate Bytedance-owned TikTok’s e-commerce operations, which had been halted following regulatory actions in Indonesia, the region’s lar
Fintech News
DECEMBER 10, 2023
HitPay, a provider of commerce infrastructure for businesses, has launched its mass payout services in Singapore, Malaysia, and the Philippines. This new service enables businesses to pay workers, contractors, partners, and suppliers efficiently through HitPay’s platform. It supports various payment networks such as FAST in Singapore, RTGS in Malaysia, and InstaPay and PESONet in the Philippines.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
Fintech News
DECEMBER 10, 2023
The Reserve Bank of India (RBI) has announced a series of updates, including an increase in the transaction limit for the Unified Payments Interface (UPI), particularly for payments related to medical and educational services. The limit has been proposed to be raised from one lakh (approximately US$1,200) to five lakh (approximately US$5,993) rupees per transaction, in response to the increasing UPI usage across various sectors.
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