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Alipay+ contributes more than 80 percent of inbound QR payments via DuitNow in MalaysiaAlipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia. Alipay+ said in a statement on Monday that the contribution is reflecting a successful public-private partnership in building a more connected payments ecosystem. According to the statement, in the peak travel season in December 2024, the...0 Comments 0 Shares 5K Views 0 Reviews
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AMRO sees fragmented systems, regulatory alignment, and cybersecurity as challenges for ASEAN regional payment connectivityWhile ASEAN’s regional payment connectivity (RPC) is making good progress, ASEAN+3 Macroeconomic Research Office (AMRO) sees some challenges, including fragmented systems, regulatory alignment, and cybersecurity remain. The research house said in a note on Thursday that as more bilateral arrangements are added under the RPC, the complexity of integration increases. Besides, the pace of...0 Comments 0 Shares 4K Views 0 Reviews
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Ant International partners with Barclays on global treasury management with proprietary AI-powered FX modelSingapore-based financial technology firm Ant International has entered a partnership with the United Kingdom bank Barclays to enhance efficiency and resilience in global treasury management for businesses. Under the partnership, the two sides will combine innovative solutions, including Ant’s proprietary Time-Series Transformer (TST) AI FX Model, to help businesses reduce foreign...0 Comments 0 Shares 875 Views 0 Reviews
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China’s Skyee receives IPA for MPI license from MASSkyee Pte. Ltd. has on Monday announced that it has been granted in-principle approval (IPA) for the major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee said in a statement that if obtained, the MPI license will allow the firm to service its Singapore market, further enhancing the payment experience for cross-border sellers, streamlining payment...0 Comments 0 Shares 6K Views 0 Reviews
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China’s XTransfer receives license to provide payment services in SingaporeXTransfer, a China-based business to business (B2B) cross-border trade payment platform, was granted the major payment institution (MPI) license by the Monetary Authority of Singapore (MAS) to offer payment services in the country. XTransfer said in a statement on Friday that this significant milestone strengthens the firm’s leading position in the B2B cross-border payments industry....0 Comments 0 Shares 6K Views 0 Reviews
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Malaysia and Cambodia officially launch cross-border QR payment phase 2Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have on Tuesday launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia. With this expansion, Malaysian travelers can now seamlessly pay Cambodian merchants by scanning the KHQR using native mobile payment application of participating financial institutions. Cambodian travelers to Malaysia can...0 Comments 0 Shares 3K Views 0 Reviews
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Maybank partners with central banks to strengthen cross-border QR payment connectivity between Malaysia and CambodiaMalaysian lender Malayan Banking Bhd (Maybank) has partnered with central banks to strengthen cross-border QR payment connectivity between Malaysia and Cambodia, aligns with its ASEAN 2025’s strategies. The bank said in a statement on Tuesday that it has become the strategic banking partner as well as the sponsoring and settlement bank in the second phase of the cross-border QR payment...0 Comments 0 Shares 3K Views 0 Reviews
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Project Nexus partners incorporate Nexus Global Payments to run the cross-border payment schemeNexus Global Payments (NGP) has on Thursday announced that it has been formally incorporated as a company limited by guarantee in Singapore to operationalize and manage the Nexus scheme for enabling safe and instant cross-border payments at scale. NGP said in a statement that it will be run as a not-for-profit organization. Its incorporation by the five central bank partners in Project Nexus...0 Comments 0 Shares 4K Views 0 Reviews
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Singapore’s Finmo secures $18.5M in Series A funding round co-led by Quona Capital, PayPal VenturesFinmo, the Singapore-based treasury operating system (TOS), has on Thursday announced its successful oversubscribed $18.5 million Series A funding round, bringing its total funding to $27 million. The firm said in a statement that the funding round was co-led by investors Quona Capital and PayPal Ventures with participation from Citi Ventures. Known for their investment focus on cutting-edge...0 Comments 0 Shares 5K Views 0 Reviews
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Singapore’s Thunes raises $150M in Series D funding led by Apis Partners and Vitruvian PartnersThunes, the Singapore-based payment firm, has announced the successful raise of its $150 million Series D funding led by global private equity firms Apis Partners and Vitruvian Partners. The firm said in a statement on Monday that the firm plans to leverage this capital to supercharge its expansion in the United States, supported by the recent acquisition of licenses across 50 U.S. States,...0 Comments 0 Shares 1K Views 0 Reviews
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Singapore’s XWeave raises $3M in seed round led by Jungle VenturesXWeave, a Singapore-based cross border payments through stablecoins, announced Monday a $3 million seed funding round led by Jungle Ventures via First Cheque@Jungle and Lightshift. The round included follow-on investment from Menyala – venture studio founded byTemasek, and participation from new investors, White Star Capital, Fabric Ventures, DCG, The Venture Dept. and other prominent...0 Comments 0 Shares 1K Views 0 Reviews
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