Payments News

On The Web

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Global

ASEAN Banks Battle Non-bank Fintech Companies – Tech Wire Asia

“Fintech companies offering digital payments have been rapidly growing their customer bases across the Association of Southeast Asian Nations (ASEAN) region in recent years.  The Big Five of ASEAN — Indonesia, Thailand, the Philippines, Singapore, and Malaysia are a hotbed for non-banks building regional electronic e-wallet platforms. In fact, they are so popular that fintech […]
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Global

Multilateral Agreement Takes Effect, 10-30% Decline Seen in Asia-Pacific Transaction Costs: UN

“A new international agreement promoting paperless trade officially took effect on Sunday, which analysts said will further leverage advantages of China’s huge market and provide broader market opportunities for all Asia-Pacific members.The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the […]
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Global

Alternative payments trump traditional rivals in Apac ecommerce market

“In the first quarter of 2018, alternative payment methods accounted for 51% of the total ecommerce transaction value in Apac, up from 49% in the last quarter of 2017. Meanwhile, payment cards accounted for 28% of transaction value, bank transfers 15%, and cash and cheques six per cent. In China, Alipay remains the most popular payments […]

On The Wires

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Global

Rapyd and PayMyTuition partner to enable students across Latin America and Asia Pacific to make international tuition payments in minutes

“Rapyd, a global Fintech as a Service company, announced today a partnership with PayMyTuition, a leading provider of technology-driven global payment processing solutions for international tuition payments, that expands PayMyTuition’s ability to accept payments via bank transfers from several countries in Latin America and Asia Pacific through Rapyd’s platform, using a single API integration.”
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Domains

EedenBull and Mastercard Extend Strategic Partnership Into Asia Pacific

“Building on a partnership in Europe, the expanded relationship with Mastercard will support the rollout of Eedenbull’s new commercial cards platform to banks looking to tap into vast opportunities in the Asia Pacific business-to-business payments market. Based in Norway, Scotland and Singapore, EedenBull is a technology-agnostic innovation company built by banking, payment and technology professionals.”
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Global

Visa and Marqeta Offer Fintechs a Path to Growth in the World’s Fastest Growing Digital Payments Landscape

“Visa, the world’s leader in digital payments, and Marqeta, the modern card issuing platform, today announced a platform collaboration intended to ease global expansion for multi-national card programs. The project plans to provide a streamlined developer-friendly path for Visa issuers to build, test and launch digital-first card programs in 10 Asia Pacific markets. Asia Pacific […]