The Reserve Bank of Australia detected 40,613 fake notes in the twelve months to March 31, with fifty and one hundred dollar denominations making up 95 per cent of seized currency.
Japanese financial giant SBI Group joined Vertex Ventures to back the Singapore-licensed stablecoin payment processor as it prepares an enterprise portal launch.
Store operators and clothing brands prepare to trim festive discounts or lift shelf prices before the October 15 levy on transactions over ₹2,000 takes effect.
The Singapore FinTech Association (SFA) has introduced a voluntary code of conduct for payment service providers (PSPs). This sets new industry standards intended to bolster transparency, protect consumers, and build trust within the Singaporean payments…
In a pioneering move, Visa and Chinese fintech company, Lianlian, have successfully completed the first-ever business-to-business (B2B) transaction facilitated by artificial intelligence (AI) in Greater China. The transaction, which marks significant progress…
In significant financial news, payment giant PayPal Holdings Inc has reportedly received a joint acquisition bid from payments provider Stripe and private equity powerhouse Advent International. The offer, which values PayPal at a staggering $53 billion USD,…
Tencent, the Chinese multinational conglomerate, has extended its cross-border payment service, TenPay Global, to non-Chinese citizens. This move allows overseas individuals to send money directly into China and avail themselves of WeChat-related services.…
ClearBank, a prominent banking institution, has recently teamed up with Tazapay, a Singapore-based cross-border payments platform experiencing rapid growth. The move is a strategic effort to fortify payment processes between Asia and Europe. Notable Milestone…
OCBC Bank is set to be the first Singaporean financial institution to allow customers to scan and pay every major merchant QR code in Mainland China via its Singapore mobile banking application. This innovation is a significant leap in the integration of…
DCS Group, previously known as Diners Club Singapore, has announced the appointment of Jia Hang as its new executive chairman. This represents the most senior leadership addition in the group’s history, underlining its ambition to revolutionise cross-border…
Swiss institution UBS has announced a strategic partnership with Singaporean fintech firm Ant International. The collaboration aims to build blockchain-based tokenised deposits to facilitate real-time global payments. This alliance marks a significant…
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Retail Leadership · 13 min read
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