Western Union Expands Global B2B Payments Platform
Feb25

Western Union Expands Global B2B Payments Platform

 25 February 2021 (MY) – Western Union Business Solutions, the payments arm of the Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced the expansion of its global capabilities, bringing faster and more transparent payment services to business customers. Western Union Business Solutions has integrated SWIFT Global Payment Initiative and increased its international...

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TransferWise Rebrands To Wise,  Enters New Phase Of Growth In Malaysia
Feb23

TransferWise Rebrands To Wise, Enters New Phase Of Growth In Malaysia

 23 February 2021 (MY) – TransferWise has announced its rebranding to Wise , and the appointment of local country manager Ms Lim Paik Wan. Originally launched in 2011 as a money transfer service for people, the company has expanded to build a cross-border payments network helping to make international banking cheaper, faster and more pleasant for its 10 million customers. The company processes £4.5 billion (RM25.2 billion)...

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Mastercard Launches One-Stop Resource Site To Support Digital Transformation Of Smes In Asia Pacific
Feb06

Mastercard Launches One-Stop Resource Site To Support Digital Transformation Of Smes In Asia Pacific

 6 February 2021 (MY) – To help small and medium enterprises (SMEs) recover from the pandemic and prepare for the future, Mastercard has launched the Digital Acceleration for Small Businesses microsite across most of its Asia Pacific websites with information and resources on how to digitalize and run businesses more efficiently. As COVID-19 drives a rapid and lasting shift to e-commerce and contactless payments, the...

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Visa Introduces AI-Powered Innovations for Smarter Payments
Feb03

Visa Introduces AI-Powered Innovations for Smarter Payments

 3 February 2021 (MY) – Visa Inc. has  announced VisaNet +AI, a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers—including delays and confusion with managing account balances and the unpredictability of daily settlement for financial institutions. VisaNet +AI comprises several innovative concepts and new value-added services, including Visa Smarter Posting...

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Finastra And HCL Partner To Provide Digital Treasury As A Service In The Cloud
Jan27

Finastra And HCL Partner To Provide Digital Treasury As A Service In The Cloud

 27 January 2021 (MY) – Today Finastra, one of the world’s largest fintechs, announced a partnership with HCL Technologies, a leading global technology company, to provide treasury management technology in the cloud to smaller banks across Northern Europe, North America, India and the Philippines. The partnership brings to market a new Digital Treasury as a Service offering, which enables banks to manage their treasury...

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50% Of Malaysians Cite High Costs Of Remittances A Challenge During COVID-19
Jan27

50% Of Malaysians Cite High Costs Of Remittances A Challenge During COVID-19

 27 January 2021 (MY) – A whopping 50% of Malaysians find the high cost associated with remittances to be a challenge, with almost half (48%) reducing the amount sent and more than one-third (35%) completely giving up on sending a remittance. These findings were from a survey commissioned by global technology company TransferWise to better understand how the COVID-19 pandemic has affected the remittance habits of those...

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Mambu Raises €110 Million in Funding Round Led by TCV
Jan08

Mambu Raises €110 Million in Funding Round Led by TCV

8 January 2021 (SG) – Mambu, the market-leading SaaS banking platform, today announced its latest funding round of €110 million in new capital. This round was led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. Additional investment was received by Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new round brings the...

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BNM Releases Policy Document on Licensing Framework for Digital Banks
Jan05

BNM Releases Policy Document on Licensing Framework for Digital Banks

 5 January 2021 (MY) – Bank Negara Malaysia has issued the Policy Document on Licensing Framework for Digital Banks (Policy Document) following a six-month public consultation. The Bank wishes to convey its appreciation on the feedback provided by various parties during the consultation period. The licensing framework for digital banks aims to enable the innovative application of technology to uplift the financial...

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Mastercard And Pine Labs To Expand “Pay Later” Instalment Solution To Five Southeast Asian Markets In Early 2021
Dec09

Mastercard And Pine Labs To Expand “Pay Later” Instalment Solution To Five Southeast Asian Markets In Early 2021

 9 December 2020 (MY) – Mastercard and Pine Labs will launch their integrated “pay later” solution in five Southeast Asian markets early next year to offer consumers the flexibility of zero-interest instalments on purchases, expand business for merchants and connect banks, fintechs, payment gateways and device makers to a rapidly growing financing alternative. By combining the expertise and technology assets of Mastercard...

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Cardup Launches Operations In Malaysia And Announces Visa Partnership
Dec02

Cardup Launches Operations In Malaysia And Announces Visa Partnership

 2 December 2020 (MY) –  CardUp, the digital credit card enablement platform, has launched a new solution that enables businesses to instantly access credit on international payments at competitive rates. While the global remittance market is dominated by bank to bank transfers – cardo enables these payments to be made via credit cards to overseas suppliers who do not accept card payments. This means businesses can make use...

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