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 […]
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 […]
How is India’s Fintech space leading in the Asia Pacific
India has been accredited as the world’s second-largest fintech hub, first being the US. This itself is a testimony to the fact that we contribute largely to the fintech boom in the Asia Pacific. As per the report by the Data Labs (Inc42), fintech startups in India raised $3.4 Bn across 174 deals in the first quarter of 2019. The global fintech market is expected to reach $305.7 Bn by 2023, which means that we would be making a substantial contribution to the world economy. There are several factors that help in the surge of fintech startups in a country, the top-ranking reason being the untapped space in the regional […]
ID Finance secures £1.5m within minutes on Crowdcube
ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors. The data science, credit scoring and digital finance company has a crowdfunding target of £2m and is inviting interested parties to invest at https://www.crowdcube.com/idfinance. ID Finance’s proprietary risk management system uses machine learning and advanced data science techniques to provide competitive financial services to the underbanked and help customers build their credit profile. Anyone with a smartphone in Spain, Brazil and Mexico can apply online for a loan via its Moneyman and Plazo brands, regardless of their credit history. […]
Mako Fintech announces launch of US transfer agency business and formation of advisory board
Mako Fintech, a tech startup delivering next-generation software for securities transfer and administration, announced today that it has received approval from the Securities and Exchange Commission to operate as a securities transfer agent in the United States. The transfer agency space has long been overdue for modernization. Legacy systems, low availability, high service costs and transaction delays have created a significant opportunity to move the industry forward through innovation. Mako is entering the transfer agency market with a streamlined, cloud-based SaaS service, offering centralized online voting, engaging investor communications and superior availability through smart automation. “Speaking with customers, we realized that there was a huge disconnect between the service clients […]
