Mastercard Partners with Alipay to Enhance Global Cross-Border Payment Solutions
Mastercard partners with Alipay to enhance cross-border payment capabilities, catering to the increasing demand for fast, secure, and transparent money transfers globally. 19 March 2024 – Mastercard, a global leader in cross-border payment solutions, announces a strategic partnership with Alipay, China’s premier digital platform under Ant Group, to meet the increasing demand for transparent, secure, and efficient money movement....
Tourism Malaysia and Mastercard Forge Alliance to Redefine Travel Experience for Visit Malaysia 2026
Tourism Malaysia and Mastercard join forces in a strategic partnership to revolutionize the traveler experience ahead of Visit Malaysia 2026, focusing on data insights, digital solutions, marketing campaigns, and exclusive experiences. This collaboration aims to elevate Malaysia’s appeal as a premier travel destination while enhancing the shopping segment’s contribution to the tourism sector’s growth. 16 March 2024...
Wise Unveils Scan-to-Pay Feature in Singapore, Pioneering Seamless QR Code Payments for Users
Wise announces the launch of its “Scan-to-Pay” feature in Singapore, allowing users to make QR code payments directly through the app. This move reflects Wise’s commitment to enhancing the payment experience for users and facilitating seamless transactions, with plans to expand the feature globally in the future. 7 March 2024 – Singapore is set to become the inaugural destination for Wise’s latest payment...
Xsolla Collaborates with PayPay to Introduce Seamless Payment Solutions for Gaming Enthusiasts in Japan
Xsolla introduces “Pay with PayPay” for its global partners and gaming community in Japan, aiming to enhance payment flexibility and broaden audience reach. This partnership leverages PayPay’s extensive user base and Xsolla’s innovative payment technology to streamline transactions and cater to evolving player preferences in the Japanese gaming market. 7 March 2024 – Xsolla, a leading global video game...
Smartpay and Chubb Forge Partnership to Pioneer Digital Insurance Solutions for Japanese Consumers
Smartpay and Chubb have joined forces to revolutionize the Japanese insurance sector by developing digital insurance products tailored to post-COVID consumer needs. The partnership aims to introduce embedded insurance, seamlessly integrated into everyday transactions, catering to evolving consumer demands for personalized and secure insurance experiences. 7 March 2024 – In a move to revolutionize the Japanese insurance...
Singapore FinTech Association Launches Project Tapir to Facilitate Expansion of FinTechs into Malaysia, Fostering Cross-Border Collaboration and Economic Growth
The Singapore FinTech Association (SFA) launches Project Tapir in collaboration with Artem Ventures and OSK Ventures International Berhad, aiming to facilitate the expansion of Singaporean FinTech companies into Malaysia. With support from venture capital firm 1337 Ventures, the initiative provides selected FinTechs with a comprehensive ecosystem to ensure successful market entry into Malaysia, fostering bilateral ties and promoting...
Yuno Secures $25 Million Series A Funding to Revolutionize Global Payments
Yuno, a leading payments orchestration platform, secures $25 million in Series A funding from prominent investors to expand its operations globally and enhance its innovative solutions for diverse industries. Founded by tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno aims to revolutionize the global payments landscape by integrating diverse payment methods and providing tailored solutions for clients across different...
Currencycloud Secures Singapore MPI License Approval, Expanding Payment Services in APAC Region
Currencycloud receives approval for Singapore MPI license, enabling the provision of comprehensive payment services in the APAC region, enhancing financial accessibility and efficiency for businesses across multiple countries and territories. 6 March 2024 – Currencycloud, a leading provider of solutions for navigating multi-currency transactions, has been granted an In-Principle Approval (IPA) for a Major Payment Institution...
Visa and Western Union Partner for Easier Global Money Transfers and Humanitarian Support
Visa and Western Union strengthen their partnership, enabling money transfers to 40 countries through Visa cards and introducing prepaid cards for wider accessibility, while also collaborating on facilitating disaster relief efforts. 5 March 2024 – Financial giants Visa and Western Union have announced a significant expansion of their existing partnership, aiming to simplify cross-border money transfers. This 7-year agreement...
Soft Space’s FasstapTM Becomes World’s First MPoC-Certified SoftPOS Solution
Soft Space’s FasstapTM achieves historic MPoC Solution Provider certification, positioning the company as a global leader in the SoftPOS market and setting a new industry standard for secure and reliable payment solutions. 29 February 2024 – Soft Space Sdn. Bhd. (Soft Space), a global leader in fintech-as-a-service (FaaS), proudly announces that its innovative SoftPOS solution, FasstapTM, has achieved a groundbreaking...
Malaysia and Cambodia Strengthen Financial Cooperation with Cross-Border Payments Agreement
Malaysia and Cambodia strengthen financial ties with a Memorandum of Understanding (MoU) between Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC), aiming to enhance cross-border payments and financial innovation, benefitting businesses and individuals in both countries. 28 February 2024 – Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have formalized their commitment to enhance financial...
Visa and GSMA Foundation Unveil DFA Initiative to Advance Digital Financial Inclusion Worldwide
Visa and the GSMA Foundation have launched the DFA Initiative, targeting enhanced digital financial inclusion for 20 million individuals in low- and middle-income countries, focusing on women, small holder farmers, small enterprises, and refugees. 27 February 2024 – Visa and the GSMA Mobile for Development Foundation have joined forces to launch the Digital Finance for All (DFA) Initiative, aiming to enhance digital financial...
Green Packet Partners with Malaysian Firm to Develop Tourism Digital Platform in Sri Lanka
Green Packet teams up with a Malaysian firm to develop a tourism digital platform for Sri Lanka, investing RM13 million initially. The initiative, led by its subsidiary Kiplepay Sdn Bhd, aims to introduce a multi-currency e-wallet system, marking the company’s entry into the international market and strategic expansion beyond Malaysia. 24 February 2024 – Green Packet Bhd, a prominent IT company, has forged a strategic...
Capital One to Acquire Discover Financial Services in Landmark US$35.3 Billion Deal
Capital One’s $35.3 billion acquisition of Discover Financial Services marks a strategic move to consolidate the US credit card industry, fostering competition and innovation. Under the leadership of CEO Richard Fairbank, the deal aims to establish a robust payments network to rival industry giants like Visa and Mastercard. 21 February 2024 – Capital One, a prominent US consumer lender, has announced its acquisition of...
Mastercard and CrescentRating Release Inaugural Muslim-Friendly Cruise Report 2024
Mastercard and CrescentRating release the inaugural Muslim-Friendly Cruise Report 2024, highlighting the significant growth of Muslim cruise passengers and providing valuable insights into booking preferences, budget allocations, cruise durations, and payment methods within the Muslim traveler segment. 19 February 2024 – Mastercard and CrescentRating have unveiled the first-ever Muslim-Friendly Cruise Report 2024, marking the...
Mastercard Launches Biometric Authentication Service to Enhance Security and Streamline Digital Interactions
Mastercard has introduced the Mastercard Biometric Authentication Service, leveraging FIDO standards, to replace traditional authentication methods and enhance the security and convenience of digital interactions. The service integrates biometrics, such as fingerprint or face recognition, making account logins, account changes, and payment processes more seamless, supporting all card brands and various forms of payments. 25 January...
Myanmar Central Bank Launches Awareness Campaign to Tackle Mobile Payment Fraud
Myanmar’s Central Bank is intensifying efforts to combat mobile payment fraud by conducting awareness campaigns and establishing an action task force in collaboration with relevant ministries and financial organizations. The initiative aims to swiftly respond to reported fraud cases, protect consumers, and ensure the widespread use of mobile financial services in compliance with laws and regulations. 25 January 2024 –...
Gamuda Land and Alliance Bank Unite in Strategic Partnership to Strengthen Community Bonds
Gamuda Land and Alliance Bank have entered a strategic partnership, enabling Alliance Bank credit card users to leverage rewards points for Gamuda Land offerings, reinforcing a commitment to community bonds and placemaking efforts. The collaboration offers exclusive benefits for managing down payment repayments and additional perks for mortgage applicants, contributing to vibrant and interconnected neighborhoods. 24 January 2024...
Boost Expands Shariah-Compliant PayLater Solution for All In-App Transactions
Boost, a leading fintech player, expands its Shariah-compliant PayLater solution, Boost PayFlex, to cover all in-app transactions, providing users with a controlled credit line for flexible payments. This move aims to enhance financial inclusion and empower users to manage their finances responsibly. 18 January 2024 – Boost, a prominent regional fintech leader, has announced the expansion of its Shariah-compliant PayLater...
GHL Paving the Way to an Eco-Friendly Payment Future
GHL Systems Berhad introduces digital receipts, a pioneering feature aiming to transform the payment landscape for both businesses and customers. This eco-friendly initiative, part of GHL’s commitment to sustainability, gradually rolls out to merchants, emphasizing the collective responsibility to minimize the environmental impact of traditional paper receipts. 15 January 2024 – In a decisive move towards digital...
