Payments News

On The Web

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Domains

Bank of Negara Malaysia and Payments Network Malaysia or PayNet to Enhance Cross-Border Transactions

“Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will reportedly be taking part in Project Nexus by working cooperatively with various partners on a proof-of-concept (PoC) to enhance the cost and speed of performing international payments. Project Nexus will aim to look into the overall feasibility of connecting the real-time payment systems in Malaysia, Singapore and the Euro area, the […]
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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

Mastercard Partners With Leading Digital Currency Companies Across Asia Pacific to Launch the Region’s First Crypto-Linked Payment Cards

“In partnership with Mastercard, three leading cryptocurrency service providers in Asia Pacific will be launching crypto-funded Mastercard payment cards. For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit or pre-paid cards that will enable them to instantly convert their cryptocurrencies into traditional […]
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Companies

Visa and Ascenda Partner on Next-gen Loyalty and Rewards in Asia Pacific

“Visa, the world leader in digital payments, today announced a strategic partnership in Asia Pacific with Ascenda, the loyalty technology company. The payments network will be first globally to leverage Ascenda’s new Nexus platform, which will enable Visa’s partners to adopt a comprehensive new rewards program for their customers.”
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Global

Nuvei Adopts Alipay+ Solution, Connecting Global Merchants to More E-Wallet Users

“Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Alipay, the world’s leading digital payment platform operated by Ant Group, today announced a partnership that will connect Nuvei’s merchants with over 1.2 billion potential customers in the Asia Pacific region through the Alipay+ cross-border payment and merchant marketing […]
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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 […]