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Cashless is the new king for S-E Asia

THE days of pulling out dollar notes and coins to pay may be numbered. The cashless trend is picking up quickly in South-east Asia as more people are swiping or tapping away on their mobile phones...

Money

South-east Asian banks to lose out on US$5b in payments revenue by 2025: study

BANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-...

Money

Wirecard raises long-term growth targets; analysts unconvinced

[BERLIN] German payments group Wirecard raised its long-term outlook on Tuesday, but the company's shares fell as analysts questioned the ability of any tech company to give a precise forecast for...

Money

Digital payments at forefront of S-E Asia's booming Internet economy

THE digital payments market in South-east Asia has hit an inflexion point, and growth in this segment is likely to propel the region's Internet economy in the region to a US$300 billion market by...

Money

DBS partners taxman to digitalise stamp duty collection in Singapore

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying...

Money

Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

Money

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power...

Money

Digital vs cheque payments: SMEs want it both ways

CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or...

Money

Singtel expands its VIA mobile payment alliance to Japan

SINGTEL on Thursday debuted its cross-border mobile payment alliance, VIA, in Japan through the StarPay platform by Japanese tech firm Netstars.

Money

Visa aims to halve its global fraud rate by 2025

PAYMENTS giant Visa plans to halve its global fraud rate by 2025, having been using artificial intelligence to prevent an estimated US$25 billion in fraud annually.

Money

Cross-border QR payments between Singapore, Hong Kong possible with Liquid Group, JETCO partnership

LIQUID Group and Joint Electronic Teller Services (JETCO) are collaborating to enable cross-border QR payment acceptance in Singapore and Hong Kong, they said in a joint press statement on...