Kaspersky Survey Reveals Gamers Spearhead Growing Acceptance of Cryptocurrency in Everyday Transactions
A global survey by Kaspersky reveals a significant increase in consumer acceptance of cryptocurrency, particularly among gamers. The study indicates a growing understanding of digital currencies, with 81 percent of gamers owning cryptocurrency and 55 percent of respondents considering themselves ‘very’ or ‘extremely’ knowledgeable. The survey also highlights shifting attitudes toward using cryptocurrency for...
MY TouristPay App Revolutionizes Payment Experience for International Visitors in Malaysia
PayNet introduces the “MY TouristPay App,” the first mobile payment app in Malaysia for international visitors. The app enables tourists to use the DuitNow QR code for secure payments at over 1.9 million merchants across Malaysia. This initiative is expected to boost sales for small and medium-sized businesses and aligns with PayNet Cambah, an ESG program driving sustainable communities through digital payments. 14...
AmBank Pioneers Digital Payments with Google Pay Integration, Leading Malaysia’s Cashless Evolution
AmBank has integrated Google Pay into its cashless services, allowing customers with AmBank Visa and Mastercard Credit Card/-i to make secure, seamless, and contactless payments. This move supports Malaysia’s goal of achieving a 90% cashless payment target by 2025. AmBank aims to lead in providing innovative and convenient contactless payment solutions, contributing to the nation’s digital transformation. 14 December 2023...
FOMO Pay and Zand Bank Forge Strategic Alliance for Seamless Cross-Border Payments Between Asia and MENA
Singapore’s FOMO Pay and UAE’s Zand Bank have formed a strategic partnership to enable seamless cross-border payments between Asia and the Middle East and North Africa. The collaboration aims to enhance efficiency in B2B transactions, offering businesses streamlined digital payment solutions and banking services for improved connectivity between the two dynamic regions. 14 December 2023 – FOMO Pay, a leading digital...
Motorola Chooses VTEX and PayU to Elevate Digital Commerce Experience in India
Motorola India has partnered with VTEX, the global digital commerce platform, to enhance its digital-first strategy and strengthen its direct-to-consumer (D2C) approach. Leveraging VTEX’s responsive platform and a collaboration with PayU, Motorola has implemented affordability schemes and streamlined payment methods, experiencing exceptional growth and doubling its business every month since going live in July 2022. 5 December...
Unveiling the First Actively Managed Robo-Advisor for Personalized Financial Success
Airo, Malaysia’s pioneering robo-advisor, officially enters the fintech arena, offering actively managed digital investment solutions with a focus on mitigating market risks. The platform, equipped with a Digital Investment Manager license, aims to provide accessible and personalised financial solutions for Malaysians, addressing the financial challenges faced by a significant percentage of the population. Airo’s proactive...
GCash Unveils Enhanced International Services and Explores Enterprise Solutions at Singapore Fintech Festival 2023
GCash, the Philippines’ leading finance super app, introduces enhanced international services at the Singapore Fintech Festival 2023. The app now features real-time foreign exchange rates for select countries, reinforcing its position for Filipino travelers and overseas residents. With expanded capabilities and a focus on enterprise services, GCash continues to evolve beyond its core money transfer business. 21 November 2023...
Visa and Tencent Forge Alliance to Transform Cross-Border Remittances for Weixin Users
Visa has partnered with Tencent Financial Technology to facilitate inbound remittances for Weixin users in Mainland China, extending the reach of the Visa Direct network to over one billion users. This collaboration caters to the growing demand for seamless cross-border transactions, leveraging digital wallets and enhancing convenience and security for users and businesses. 17 November 2023 – Visa, a global leader in digital...
Singapore’s MAS Unveils Groundbreaking Initiatives for a Digital Money Future
The Monetary Authority of Singapore (MAS) has introduced three key initiatives, including a digital Singapore dollar blueprint, expanded digital money trials, and the issuance of a “live” CBDC for wholesale settlement, signaling a significant advancement in the country’s digital monetary landscape. These initiatives aim to ensure secure and innovative digital money utilization, encompassing components such as...
Malaysia and Singapore Forge Seamless Cross-Border Payments with DuitNow-PayNow Linkage
Bank Negara Malaysia and the Monetary Authority of Singapore have jointly launched a real-time payment systems linkage between DuitNow and PayNow, enabling instant, secure, and cost-effective cross-border fund transfers. This collaboration, encompassing non-bank financial institutions and aligning with regional initiatives, marks a significant advancement in enhancing the efficiency and accessibility of cross-border payments between...
Visa and Visa Foundation’s $100 Million Pledge to Propel Digital Empowerment for Underserved SMBs in APEC Economies
Visa and Visa Foundation have committed $100 million over five years to support underserved and women-led SMBs in APEC economies, surpassing their three-year goal of digitally enabling 50 million SMBs globally. The initiative aims to boost digital financial inclusion, stimulate job creation, and improve access to capital for SMBs, with a focus on economies such as Indonesia, Mexico, Peru, Philippines, and Vietnam. 17 November 2023...
Mastercard and NEC Redefine In-Store Payments: Introducing Seamless and Secure Biometric Checkout Experiences Globally
Mastercard and NEC Corporation have entered into a strategic partnership to implement NEC’s face recognition technology in in-store payments. The collaboration aims to provide a seamless, secure, and innovative checkout experience, leveraging biometrics to transform the way consumers make payments globally. 17 November 2023 – In a bid to redefine the landscape of in-store payments, global payment giant Mastercard has...
Vietnamese Consumers Embrace Digital Banking and New Payment Modes, Reports UOB
A report by the United Overseas Bank (UOB) has highlighted a growing preference for digital banking and emerging payment methods among Vietnamese consumers. The study reveals that e-wallets and mobile banking apps, particularly Momo, are gaining popularity, with four in five consumers in Vietnam using e-wallets weekly, and 54% increasing their use of mobile banking apps in the past year. 4 November 2023 – Vietnamese consumers...
Mastercard Partners with Live Nation to Offer Cardholders Exclusive Music Experiences
Mastercard has forged a multi-year partnership with Live Nation to provide exclusive music-related benefits to over 100 million cardholders, including access to presale tickets and VIP experiences. The partnership also supports sustainability efforts through the Priceless Planet Coalition. 2 November 2023 – In a significant move to enrich the lives of its cardholders and further strengthen its commitment to the music industry,...
Vircle Raises Seed Funding to Expand Innovative Cashless Payment Platform for Children
Vircle, a Malaysian fintech, has secured seed funding in a round led by Gobi Partners and Kumpulan Modal Perdana (KMP) to expand its child-centric cashless payment platform. Vircle’s child-safe Visa prepaid card, which empowers parents to oversee their child’s expenses, aims to introduce millions of children in Southeast Asia to the cashless and digital banking world, promoting financial responsibility. 1 November 2023...
Mastercard’s Report Reveals Cross-Border Payment Challenges Amidst Rising Demand for Global Work
Mastercard’s 2023 borderless payments report highlights the increasing demand for cross-border payments driven by a growing number of people considering working abroad. However, the report also reveals challenges such as late or failed payments, fraud risk, and difficulties in supporting in-country payments for both consumers and small businesses. 1 November 2023 – Mastercard’s 2023 borderless payments report sheds...
Mambu Soars as Key Cloud Banking Solution in AWS Marketplace, Pioneering Digital Transformation in Financial Services
Mambu, a leading SaaS cloud banking platform, has made a strategic move by becoming one of the first core banking providers on AWS Marketplace, strengthening its decade-long partnership with Amazon Web Services. This integration simplifies the cloud transition for financial organizations, enabling them to adapt swiftly to evolving customer demands while McKinsey’s research underlines the sector’s significant shift towards...
Hextar Technologies Launches MoneyX, a Revolutionary Fintech Super-App, to Simplify Financial Management and Literacy
Hextar Technologies has introduced MoneyX, an all-in-one fintech super-app that leverages AI tools to simplify personal financial management and enhance financial literacy. The app includes a secure digital vault and partnerships with multiple financial institutions, aiming to serve one million users by the next year. 26 October 2023 – Hextar Technologies Solutions Bhd, through its wholly-owned fintech unit, Hextar Vision Sdn...
Standard Chartered’s Year-End Campaign Offers RM1 Million in Travel Prizes, Including Seven Wonders of the World Adventure
Standard Chartered has launched its Year-End Spend & Win Travel Campaign 2023, offering prizes worth up to RM1 million. The campaign, running until January 31, 2024, features monthly giveaways of flight tickets to select destinations and a grand prize that allows one lucky winner to embark on a once-in-a-lifetime journey to one of the Seven Wonders of the World, complete with business class tickets for two. 23 October 2023 –...
Mastercard Unleashes AI-Backed First-Party Trust Program to Tackle ‘Friendly’ Fraud Surge
Mastercard’s First-Party Trust program, powered by AI insights, aims to combat the growing issue of first-party fraud in digital transactions. The initiative enhances transparency and security, offering merchants, including small businesses, tools to counter first-party fraud. By providing enriched data and dispute resolution capabilities, Mastercard intends to streamline transactions and build trust in the payment ecosystem. 23...
