Payments Dive
NOVEMBER 5, 2024
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at a major industry conference last week.
Fintech News
NOVEMBER 5, 2024
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. The first location to offer this technology is Alchemist, a café in Singapore.
The Payments Association
NOVEMBER 5, 2024
A flexible, focused marketing plan improves budgeting, targeting, and adaptability, with ongoing analysis ensuring effective growth. The holiday season and 2025 will be here before you know it! Just like holiday preparations, budget planning and marketing strategies can sneak up on you, leaving little time to get them right if you wait until the last minute.
Payments Dive
NOVEMBER 5, 2024
The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.
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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?
Fintech News
NOVEMBER 5, 2024
Gprnt , a digital platform for ESG reporting and data developed by MAS, has launched its inaugural Disclosure and Marketplace offerings. These tools aim to simplify sustainability reporting for businesses and connect them with resources to support their decarbonisation efforts. The Disclosure tool, which integrates with government databases and private sector solutions, offers a user-friendly, generative AI-powered solution for businesses to measure their Scope 1 and 2 emissions.
Fintech Finance
NOVEMBER 5, 2024
payabl. , one of Europe’s financial services providers, today announced that it has appointed Marios Tsiailis as its new Group CFO. With a strong track record in professional services, where he excelled in corporate finance and strategic planning, Marios steps into this role to drive initiatives aimed at optimising payabl.’s financial framework and fostering sustainable growth.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
NOVEMBER 5, 2024
In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit. The partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies including USD, CAD, EUR, GBP, SGD, HKD, JPY in a
Fintech News
NOVEMBER 5, 2024
Ingenico, a French merchant services tech company, has partnered with Crypto.com to enable crypto payments for millions of merchants worldwide. This plug-and-play collaboration will allow consumers to pay with crypto at Ingenico terminals, while merchants can seamlessly receive settlements in their local currency, eliminating currency risk. The partnership leverages Ingenico’s new merchant wallet, connected to AXIUM Android terminals, designed to simplify the integration of crypto payments
Fintech Finance
NOVEMBER 5, 2024
Klarna , the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and in the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.
Fintech News
NOVEMBER 5, 2024
OCBC Bank and Ant International have announced a strategic partnership aimed at streamlining cross-border fund settlements using tokenised deposits and leveraging advanced encryption and AI. The collaboration will prioritise enabling real-time payments between Singapore and Malaysia, 24/7, via Ant International’s Whale platform. This platform utilises blockchain technology, advanced encryption, and AI to enhance the speed, efficiency, and transparency of cross-border transactions.
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
Payments Dive
NOVEMBER 5, 2024
After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.
Fintech News
NOVEMBER 5, 2024
Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. This service allows consumers to authenticate online payments using biometrics like fingerprints or facial scans, similar to unlocking a smartphone. The Mastercard Payment Passkey Service combines tokenisation, Click to Pay, and biometric authentication to offer a seamless and secure checkout experien
Fintech Finance
NOVEMBER 5, 2024
Swift , UBS Asset Management , and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories. Traditional fund operations often face inefficiencies in subscription and redemption processes, including manual interventions, delayed settlements, and
Fintech News
NOVEMBER 5, 2024
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This innovative system aims to streamline the disbursement of mobilisation advance payments to contractors, enhancing efficiency and transparency. These payments, often amounting to millions, help defray heavy upfront capital outlays for contractors at the start of projects.
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.
Fintech Finance
NOVEMBER 5, 2024
Plumery , a digital banking experience platform for true customer-centric banking, today announced a new partnership with Payment Components , a leader in payments and open banking solutions. By decoupling digital experience and payment processes from legacy systems, institutions can now innovate more flexibly and efficiently, streamlining operations while maintaining their existing core banking frameworks.
Fintech News
NOVEMBER 5, 2024
The five central banks collaborating on Project Nexus will set up a managing entity called the Nexus Scheme Organisation (NSO). Based in Singapore, the NSO will oversee the project as it moves towards live implementation stages. Project Nexus is designed to enhance cross-border payment efficiency by linking various domestic instant payment systems on a global scale.
Fintech Finance
NOVEMBER 5, 2024
NatWest has partnered with Mastercard to launch a new mobile virtual card payment solution for business – Approval2Buy with Mobile Virtual Cards. The new service is the first in Europe to use Mastercard’s mobile virtual card app, enabling companies to provide virtual cards to their employees for use across the globe and eliminating the need for physical cards to make corporate payments, whilst providing businesses with increased flexibility, control, and security.
Fintech News
NOVEMBER 5, 2024
A new partnership between global payments network Thunes and the popular Philippine digital wallet GCash will make it easier for Filipinos living in the U.K. and Europe to send money back home. Through this collaboration, GCash users can now top up their digital wallets directly from their European bank accounts in real-time. This service is estimated to benefit an estimated 2 million Filipino expatriates in Europe.
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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.
Payments Dive
NOVEMBER 5, 2024
If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.
Fintech News
NOVEMBER 5, 2024
Latin America (LatAm) is home to a vibrant and expanding gaming community that is seeing rapid growth in both user base and revenue. With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.
Payments Dive
NOVEMBER 5, 2024
The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.
Fintech News
NOVEMBER 5, 2024
Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. This marks a major step towards instant and 24/7 treasury management for both companies, optimising treasury and working capital management for Ant International and its entities.
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.
Finextra
NOVEMBER 5, 2024
The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.
Fintech News
NOVEMBER 5, 2024
Nium, a global payments infrastructure provider, announced a partnership with Partior , a blockchain-based clearing and settlement network, at the Singapore Fintech Festival 2024. This collaboration makes Nium the first fintech payment service provider to join the Partior network, unlocking new capabilities such as programmable enterprise liquidity management and Just-in-Time multi-bank payments for financial institutions.
Fintech Finance
NOVEMBER 5, 2024
GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s leading mobile network operators and banks to develop and launch Scam Signal, a new solution to help address Authorised Push Payment (APP) fraud in the UK. Scam Signal is launching as a collaboration between mobile network operators EE, Virgin Media O2, Three, Vodafone and UK Finance members, including NatWest, participating on behalf of the banking industry.
Fintech News
NOVEMBER 5, 2024
The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have announced the successful completion of an international experiment focused on post-quantum cryptography (PQC). This joint effort aimed to enhance communication and data security amidst the advancing capabilities of quantum computing. The achievement represents a major step in strengthening electronic communications against future cybersecurity risks.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
Finextra
NOVEMBER 5, 2024
The Banque de France (BdF) and the Monetary Authority of Singapore (MAS) have completed a groundbreaking joint experiment in post-quantum cryptography (PQC) to strengthen internet communications and data transfers conducted across continents.
Fintech News
NOVEMBER 5, 2024
Visa has announced a suite of new products and services aimed at transforming the future of payments in the Asia Pacific region at the Singapore Fintech Festival 2024 (SFF 2024). One of the central products, Visa Flexible Credential , allows a single card to switch between various payment options—such as debit, credit, installment payments, or rewards redemption.
Basis Theory
NOVEMBER 5, 2024
When accepting and processing payments is the lifeblood of business, having a multiprocessor payment strategy pays off.
Fintech News
NOVEMBER 5, 2024
In 2024, Singapore’s fintech landscape continued its dynamic expansion, reinforcing the country’s position as a leader in payment innovation, digital banking and digital asset management. The 2024 Singapore Fintech Report , produced by Fintech News Singapore under the support of Visa Direct, offers an analysis of these advancements, exploring the transformation of this burgeoning ecosystem as well as the key trends shaping the sector.
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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
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