Posts Tagged ‘payments’

Temasek Joins Facebook’s Libra Association As New Member

Thursday, May 14th, 2020

Singapore’s Temasek has joined Libra together with Paradigm and Slow Ventures.

Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. Facebook established the Libra Association - founded in Geneva, Switzerland - to oversee the currency.

Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. Facebook established the Libra Association – founded in Geneva, Switzerland – to oversee the currency.

The design of a blockchain-based payment system that supports responsible financial services innovation and inclusion for billions of people requires a diverse set of members in different industries, geographies and sectors to help catalyze development over the long term.

Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused investor.

With its forward looking and long term view, Temasek sees innovative technologies such as blockchain as transformative enablers of growth.

Temasek’s efforts to support and advance the use of blockchain technology across a range of use cases, asset classes and sectors, reflects its drive to explore, develop and invest in solutions to bring about a better, smarter, and more sustainable world.

More details below from the press release.

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Visa Study: 2 In 3 Singaporeans Interested In Using Neobanks

Wednesday, March 25th, 2020

Close to 65% of Singaporeans are open to the idea of adopting a digital-only bank, according to the Visa Consumer Payment Attitudes Study.

* All infographics in this story courtesy of Visa.

It comes as no surprise that if consumers were to adopt a digital bank - interest is highest for an existing issuer given the trust already associated with the issuer. Click on infographic to enlarge.

It comes as no surprise that if consumers were to adopt a digital bank – interest is highest for an existing issuer given the trust already associated with the issuer. Click on infographic to enlarge.

The Visa Consumer Payment Attitudes Study was conducted in October 2019 by ENGINE Insights with 511 Singaporeans aged 18-65 years of age.

3 in 4 Singaporeans are aware of the concept of Digital Banking - whilst nearly 2 in 3 would be curious of adopting a digital only bank. Click on infographic to enlarge.

3 in 4 Singaporeans are aware of the concept of Digital Banking – whilst nearly 2 in 3 would be curious of adopting a digital only bank. Click on infographic to enlarge.

This is part of a regional research project conducted in Southeast Asia on 5,000 consumers across seven markets in Southeast Asia.

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Wirecard Expands e-Commerce Offering For WeChat Pay

Tuesday, March 24th, 2020

Wirecard’s expanded e-commerce offering for WeChat Pay will enable European merchants to enjoy fast access to the Chinese market.

Wirecard and its partner SwissPost will offer a complete package including technical integration, payment processing, customs and logistics.

Wirecard and its partner SwissPost will offer a complete package including technical integration, payment processing, customs and logistics.

Chinese consumers will be able to check out with WeChat Pay on the online shops of European merchants.

As a result, shoppers will enjoy a smooth and familiar payment flow.

The integration meets the needs of a key target audience, leading to significantly increased revenues.

More details below from the press release.

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Wirecard & Grab Announce Payments Partnership For MSMEs In SEA

Saturday, March 14th, 2020

The payments partnership between Wirecard and the Southeast Asia super app Grab will drive cashless economy for MSMEs across the region.

Wirecard partners Grab.

Wirecard partners Grab.

Grab offers a variety of services to consumers in Southeast Asia ranging from ride-hailing and food delivery to digital financial products across payments, lending and insurance.

Wirecard will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants.

More details below from the press release.

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New Arrival: Razer Pay Comes to Singapore with FOMO Pay

Saturday, March 2nd, 2019

With the full Singapore launch of Razer Pay coming up in H1 2019, Razer is inviting fans and gamers to join the app’s beta phase by applying for access here.

Beta access opening soon for Razer fans and gamers. Partnership with FOMO Pay announced.

Beta access opening soon for Razer fans and gamers. Partnership with FOMO Pay announced.

Razer fans and gamers in Singapore can be among the first in the country to participate in a limited beta of the upcoming Razer Pay e-wallet.

“We’re thrilled to offer all Razer fans and gamers in Singapore the opportunity to sign up for the closed beta launch of Razer Pay and play a part in helping us ready the app for its full public launch,” said Razer co-founder and CEO Min-Liang Tan.

Successful applicants will be sent a unique access code for the Razer Pay app via text message in the next few days.

Throughout the beta, participants will get to experience the full functionality of Razer Pay and enjoy frequent gaming-focused promotions and events such as giveaways of Razer Gold, Razer PIN, and other digital content.

Beta users’ feedback will help optimise operations for a smooth public launch in the coming weeks.

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Samsung Pay to expand globally beyond Korea & USA

Wednesday, March 9th, 2016

The payment service from Samsung set to expand globally in 2016 to new countries and partners.

In 2016, Samsung Pay will be expanding to new countries and major payment networks such as American Express.

In 2016, Samsung Pay will be expanding to new countries and major payment networks such as American Express.

In 2016, Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year.

“Since its introduction last year, Samsung Pay has changed the way people pay and use their smartphones. We’ve already seen significant consumer adoption and we continue to see great momentum. Our aim is to expand Samsung Pay to even more locations around the world, and our customers should expect to see more features in the year to come,” said InJong Rhee, EVP and Head of R&D, Software and Services of Mobile Communications Business at Samsung Electronics.

Canada will be added to the new launch roadmap.

According to Samsung Electronics, Samsung Pay now has about five million registered users over 500 million dollars processed in the first six months, showing a strong adoption rate in South Korea and the U.S since the launch of the payment service in these two countries in August and September 2015 respectively.

Samsung Pay is currently available on select Galaxy devices including S6, S6 edge, S6 edge+, Note5 as well as premium and mid-range options such as the 2016 models of both Galaxy A5 and A7.

Samsung Pay will also expand its enhanced services to more than just credit or debit cards, adding transit passes, coupons and membership cards to its available payment modes.

Samsung Pay is now available on Google Play as a free download for compatible devices.

A photo posted by John Tan (@tech4tea) on

The 2016 versions of the A5 and A7 smartphones will be compatible with Samsung Pay. Seen here at the launch of the A3, A5 and A7 in Singapore.

Extensive Partnership Ecosystem

Samsung Pay started its service in South Korea and the U.S. last year, and now supports eligible credit and debit cards from more than 70 major and regional banks.

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New PayPal mobile SDK help Singapore businesses go mobile

Thursday, October 2nd, 2014

PayPal partners with local merchants to create seamless mobile app experiences and to solve business productivity challenges.

“With smartphone adoption growing and smart devices become more integral to our daily lives, it is more important than ever for businesses to adopt mobile strategies with flawless purchasing experiences,” said Lawrence Chan, Vice President of Merchant Services, Asia Pacific and General Manager for Southeast Asia and Japan, PayPal.

“With smartphone adoption growing and smart devices become more integral to our daily lives, it is more important than ever for businesses to adopt mobile strategies with flawless purchasing experiences,” said Lawrence Chan, Vice President of Merchant Services, Asia Pacific and General Manager for Southeast Asia and Japan, PayPal.

PayPal has announced the general availability of its new mobile software development kit (SDK) in Singapore.

“In 2013, PayPal processed $27 billion in mobile payments globally, so we understand the challenges and opportunities of capturing the mobile market. We are excited to be announcing the launch of the new mobile SDK in Singapore, which offers businesses a simple and secure way to accept mobile payments, as well as the innovation to push the boundaries of mobile commerce and drive productivity,” Chan added.

The new mobile SDK eliminates app redirects, provides a one-time sign-in for future payments and enables both PayPal and credit card payment processing options.

With this, consumers can make seamless and secure payments across their favourite apps in just a few clicks.

PayPal is announcing the launch with four merchant partners which will be the first local businesses in Singapore to go live with the mobile SDK:

  • Coastes
  • HotelQuickly
  • My Laundry Box
  • Dilivr.it.

Key Features of the new mobile SDK

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