digital payments

Singapore helps global cryptocurrency firms to expand their local operations

[SINGAPORE] Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licences for the...

Banks and payments players need to change their playbook

HOW the stodgy world of payments has changed. Consider that at a recent rugby match in Malaysia, one of the writers ordered grilled satay chicken from a stand run by a 12-year-old boy. Cash only?...

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...

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-...

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...

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...

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...

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.

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...

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...

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.