Fintech-as-a-Service provider Rapyd brings together Singapore’s key payment methods into the first all-in-one “Singapore Platform”
Rapyd, a global Fintech-as-a-Service company, announced today its partnership with key players of Singapore’s payments ecosystem to provide a single “Singapore Platform” to enable businesses to go “cashless”, in line with the country’s vision of becoming a smart digital nation and a center for Fintech innovation. Rapyd’s “Singapore Platform” will bring greater convenience to local consumers and businesses, by enabling consumers and businesses to easily make payments electronically, convert cash to electronic payment methods, or receive funds instantly by enabling the following capabilities via a single technical integration: Real-time interbank payments via FAST, PayNow, and PayNow QR Leading digital wallets GrabPay, DBS PayLah!, and OCBC Pay Anyone Accept mobile payment […]
Alipay sets sights on digital payments outside Asia as it teams up with Russia’s Mail.ru
Alipay, one of China’s dominant digital payments providers, has teamed up with Russian internet firm Mail.ru in an e-wallet joint venture to develop digital payments in the country. The joint venture is Alipay’s first outside Asia, where it already partners with local e-wallet providers such as Hong Kong’s AlipayHK, Indonesia’s Dana and Malaysia’s Touch ‘n Go. Alipay is operated by Ant Financial, the financial affiliate of Alibaba Group, the parent company of the South China Morning Post. Mail.ru will take a 40 per cent stake in the venture, making it the largest shareholder. Apart from Alipay, other partners include Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF), mobile operator […]
GrabPay rated most popular e-wallet in Singapore
Grabpay has emerged as the most popular e-wallet in Singapore over the past two years, as e-payment systems catch on in the city-state. It was followed by e-wallets DBS PayLah!, FavePay, EZ-Link app and Alipay. A report by meta-search website iPrice Group, in collaboration with mobile data and analytics platform App Annie Intelligence, said the contactless payment rendered by Grab has been the most actively used e-wallet app by Singaporeans since the end of 2017. The report released last week analysed over 30 e-wallet apps and tracked the developments of e-wallets using vital app metrics, such as the number of monthly active users and total downloads from late 2017 to […]
Dutch fintech to bring mobile payments to South America’s smallest country
Dutch fintech Move4Mobile has developed a mobile payments app for Hakrinbank, bringing online payments to Suriname, the smallest country in South America. The app, named Mopé, will enable anyone with a smartphone to make purchases and transfer money electronically in a country where the majority of transactions are performed using cash. Mopé provides a mobile wallet from which payment requests can be made using a QR code to receive funds in a number of currencies from elsewhere in the world. A former Dutch colony, one third of all Surinamese people live in the Netherlands, which would make Mopé a useful tool for sending funds to family back home. Large numbers […]
Iraqi company and Lebanese fintech launch the first digital-only payment card ‘Neo’ in Iraq
Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ‘Neo‘ in Iraq to serve the underbanked Iraqi population, the two companies announced in a joint-statement to MENAbytes. The virtual card that can be requested through Neo’s mobile app within seconds will enable users to make online purchases on both local and international websites. The entire KYC process is digital. Neo’s mobile application (available for both iOS and Android) comes with a mobile wallet that allows users to keep an […]
Tron partners with Fintech firm Simplex
Tron, the blockchain-based decentralized platform, has announced a new partnership with the provider of fraudless crypto payment firm Simplex. The announcement on Tron was made on twitter. Simplex acknowledged that it will enable TRX’s purchase with credit cards on its platform. Simplex is a fintech firm that acts as a credit card processor in the crypto world. It is a secure platform with no exposure to fraud (so it claims). The firm makes use of artificial intelligence (AI) to provide a fraudless payment option to users. The partnership between Tron and Simplex will enable TRX purchase with credit card and also zero risk. It is worthy to note that the […]
Softbank pumps £510m into finance firm Greensill that could kill off payday lenders
Japanese conglomerate Softbank is set to inject another £510million into British online finance firm Greensill as part of plan to launch a new service that aims to wipe out controversial payday loans. City sources said Greensill, set up by former Morgan Stanley banker Lex Greensill, is in advanced talks to buy FreeUp, a technology company that should enable the firm to offer ordinary workers early payment of their wages. SoftBank’s Vision Fund, led by maverick entrepreneur Masayoshi Son, is pouring in more than half a billion pounds to support the expansion strategy. Sources said the deals could be announced as soon as this week. To read more, please click on […]
Canada becomes the first country to launch Samsung POS
Today, Samsung Electronics Canada announced that Samsung POS (Point of Sale), a new, NFC-enabled contactless payment acceptance system designed for micro-merchants and small businesses, is now available exclusively in Canada. Samsung POS enables merchants to accept debit and credit payments – up to $100 CDN – by tapping contactless cards, Samsung Pay, Apple Pay, and Google Pay wallets onto Samsung NFC-enabled devices, without the use of dongles, cables or other additional hardware. The Point of Sale solution was engineered in partnership with Mobeewave, a pioneer in contactless mobile card payment acceptance, specifically for micro-merchants and small businesses looking to grow their revenue by accepting card payments. “There is a strong […]
