Money20/20 Asia 2024: A Deep Dive into Fintech Trends and Strategies
Money20/20 Asia 2024 in Bangkok has featured insightful sessions, keynotes, and announcements, highlighting fintech innovation, collaboration, and strategies for financial inclusion and fraud prevention. 24 April 2024 – Money20/20 Asia 2024, the premier event in the fintech calendar, is currently unfolding in Bangkok, Thailand, from April 23rd to April 25th. This highly anticipated three-day event has drawn industry leaders,...
Intix Showcases Innovative Payment Data Management Solutions at Money 20/20 Asia
Intix, a payment data management expert, will exhibit its solutions at Money 20/20 Asia, emphasizing efficiency and transparency in payment operations. 23 April 2024 – Intix, a leading expert in payment transaction data management, is set to showcase its innovative solutions at this year’s Money 20/20 Asia event. With a booth located at Kiosk K16, the Intix team will engage attendees in discussions on enhancing efficiency...
Axaipay Introduces Enterprise Payment Solution for Enhanced Business Efficiency and Security
Axaipay introduces an advanced enterprise payment solution catering to large businesses’ complex needs, offering enhanced control and security measures. With seamless integration and robust support, Axaipay reaffirms its commitment to empowering businesses in the digital economy. 22 April 2024 – Axaipay, a leading payment solution provider founded by Malaysians for Malaysians, has unveiled its latest innovation tailored...
Ant International to Create 500 Jobs with New Digital Business Center in Malaysia
Ant International announces plans to establish a digital business center in Malaysia, creating 500 jobs in its first year and focusing on tech roles such as software development engineers. Through partnerships with organizations like MDEC, the company aims to accelerate fintech innovation while contributing to Malaysia’s digital economy objectives. 19 April 2024 – Ant International, a leading digital payment and financial...
Malaysia’s International Remittance Market Shows Strong Growth Trend
Malaysia’s international remittance market is experiencing robust growth, with both inbound and outbound transactions expected to expand through 2028. The analysis provides insights into transaction values, consumer demographics, and transactional flows, offering stakeholders strategic insights to capitalize on emerging opportunities in the evolving remittance landscape. 17 April 2024 – A recent in-depth analysis of...
Visa Unveils Advanced Payment Solutions to Empower Merchants in Evolving Retail Landscape
Visa unveils advanced payment solutions to support merchants in the evolving Click-and-Mortar™ shopping landscape, emphasizing simplified payment experiences and enhanced connectivity. Key enhancements include Developer Assist for partner integration, a revamped SMB platform by Authorize.net, and the expansion of Tap to Phone technology for mobile acceptance. 17 April 2024 – Visa, a global leader in digital payments, announces...
Fintech Funding Declines in Asia Pacific, but Global Landscape Holds Promise: S&P Global Market Intelligence
Asia Pacific experiences the largest year-on-year decline in fintech funding, while global landscape shows promising signs with certain regions and segments experiencing growth, according to data from S&P Global Market Intelligence. Late-stage investing is on the rise, and there’s anticipation of fintech companies going public in the coming years. 16 April 2024 – In the first quarter of 2024, Asia Pacific witnessed the...
Juniper Research Predicts 41% Surge in Digital Money Transfers by 2028
Juniper Research forecasts a 41% increase in digital money transfers by 2028, driven by the adoption of mobile money in developing regions and instant payments in developed markets. The top 5 platform vendors for 2024, including Huawei and PayPal, are revealed, with an emphasis on the importance of innovation and a Payment-as-a-Service approach to stay ahead in the competitive landscape. 16 April 2024 – According to a new study...
Tencent Enhances Payment Experience for Visitors to Mainland China, Expands Weixin Pay Services for Cross-Border Tourism
Tencent introduces measures to enhance payment experience for visitors to mainland China, including streamlined registration and card linking processes on Weixin Pay, increased transaction limits, and partnerships for QR payment interoperability. The initiatives aim to facilitate cross-border tourism and support the growing trend of mobile payments among international visitors. 16 April 2024 – In a bid to promote cross-border...
Mastercard Unveils Strategic Reorganization to Drive Growth and Value
Mastercard has announced a strategic realignment of its teams, focusing on Core Payments, Commercial & New Payment Flows, and Services to drive growth and deliver value. This restructuring, effective immediately for leadership changes and May 1 for organizational transitions, aims to enhance alignment, accelerate growth, and better serve stakeholders. 9 April 2024 – Mastercard has revealed a significant restructuring of its...
MoneyGram and Tencent Financial Technology Partner to Enable Digital Remittances to Weixin Pay Wallets in China
MoneyGram partners with Tencent Financial Technology to enable consumers to send funds directly to Weixin Pay wallets in China through MoneyGram Online, catering to the growing demand for digital remittance solutions. With China ranking as the third-highest recipient country for remittances and witnessing a surge in e-commerce and mobile payments, this collaboration aims to simplify cross-border transactions and fortify global...
ZenTech Acquires Majority Stake in Alpha Fintech, Expanding Presence in Payment Gateway Services Market
Zen Tech International Bhd (ZenTech) acquires a 70% stake in Alpha Fintech Sdn Bhd for RM10 million, marking its entry into the payment gateway services market. The acquisition, accompanied by a profit guarantee from Alpha Fintech’s founder, is expected to enhance ZenTech’s revenue and profitability, solidifying its presence in the technology network industry. 3 April 2024 – Zen Tech International Bhd (ZenTech) has...
Visa Introduces Subscription Manager to Simplify Payment Management Amidst Surging Global Subscription Market
Visa launches Subscription Manager to streamline payment management for cardholders amidst the booming global subscription market, offering a convenient solution to track and control recurring payments. This initiative aligns with Visa’s commitment to enhancing transparency and digital experiences in the subscription economy. 3 April 2024 – The global subscription market is witnessing a significant surge, projected to...
Brunei Darussalam and Lao P.D.R. Join Regional Payment Connectivity Initiative, Boosting ASEAN Financial Cooperation
Brunei Darussalam Central Bank (BDCB) and Bank of the Lao P.D.R. (BOL) have joined the RPC initiative, aimed at fostering faster, cheaper, and more inclusive cross-border payments within the ASEAN region, bringing the total number of participating central banks to eight. 3 April 2024 – Brunei Darussalam Central Bank (BDCB) and Bank of the Lao P.D.R. (BOL) have recently joined the Regional Payment Connectivity (RPC) initiative,...
AsiaPay Partners with Airswift to Elevate Digital Payment Services for Airline Travelers
AsiaPay collaborates with Airswift to enhance digital payment services for airline passengers, offering streamlined payment options and facilitating market expansion for the airline. 2 April 2024 – AsiaPay, a leading digital payment service provider in Asia, has joined forces with Airswift, a boutique airline operating in the Philippines, to improve digital payment options for travelers. This collaboration integrates Airswift...
Malaysians Projected to Spend RM387 Billion via Cards in 2024, Nudging Towards Cashless Future
Malaysians are expected to spend RM387 billion via credit and debit cards in 2024, signifying a shift towards a cashless society. This projection reflects a growing trend in electronic payments, driven by factors such as expanding banking population, evolving POS infrastructure, and government initiatives promoting cashless transactions. 2 April 2024 – As Malaysia edges closer to a cashless society, data and analytics firm...
Visa Bolsters Global Security Measures with AI-Powered Fraud Prevention Solutions
Visa strengthens global security measures with AI-driven fraud prevention solutions, targeting various transaction types including immediate account-to-account and card-not-present payments. 28 March 2024 – In an effort to fortify its position as a leader in digital payments security, Visa (NYSE:V) has announced the expansion of its suite of value-added services with the introduction of three new AI-driven risk and fraud...
Mastercard and Worldpay Collaborate to Streamline Transaction Disputes and Reduce Chargebacks
Mastercard and Worldpay’s partnership introduces Ethoca Alerts to streamline transaction dispute resolution, reducing chargebacks and enhancing fraud prevention efforts for merchants worldwide. This collaboration underscores a commitment to delivering seamless transaction experiences and safeguarding the integrity of the global digital economy. 27 March 2024 – Mastercard and Worldpay have joined forces to streamline the...
Visa and Mastercard Reach Settlement with U.S. Merchants, Potentially Saving Billions for American Shoppers
Visa and Mastercard’s settlement with U.S. merchants over swipe fees could potentially save American shoppers billions of dollars. The agreement, which caps credit interchange fees and addresses long-standing grievances, particularly benefits small businesses and highlights efforts towards fairer transaction practices. 26 March 2024 – Visa and Mastercard have reached a significant settlement with U.S. merchants concerning...
9Pay Introduces Cutting-Edge Payment Solutions for Expanding International Money Transfer Market in Vietnam
9Pay introduces optimized payment solutions tailored for merchants aiming to expand in Vietnam’s remittance-rich market, leveraging its deep understanding of customer needs and regulatory landscape. As Vietnam experiences significant growth in remittances, 9Pay emerges as the leading choice for international money transfer companies seeking efficient and secure payment services in the region. 26 March 2024 – With Vietnam...
