Standard Chartered today announced that it has joined Visa B2B Connect, a multilateral payment network that enables faster and frictionless account-to-account cross-border payments for its corporate clients. Launching first for clients of Standard Chartered Singapore with more entities to be added to the network in the months ahead, the solution will expand and enhance the Bank’s existing suite of payments solutions with a focus on facilitating faster and more cost-effective business-to-business (B2B) transactions across borders. Through application programming interface (API) connectivity bet ..read more

Zilch, the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of AI innovation across the Zilch proposition. Zilch will continue to use AWS AI and ML services to transform how the company serves its customers and works with merchants in the future. This includes services such as Amazon SageMaker, a fully managed service for building, training and deploying ML models at scale, and Amazon Bedrock, a fully managed service that makes high-performing foundation models (FM ..read more

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services. The Payment Services Act (“PS Act”), a framework for the regulation of payment systems and payment service providers in Singapore, was initially implemented in 2019. Companies like Qashier who have already started operations prior to the Act’s implementation were required to file an official licence, during ..read more

Nium, the global leader in real-time cross-border payments, today announced the expansion of its partnership with Thredd, a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region. Nium’s virtual card solution is used by travel intermediaries to effectively pay hotels, airlines, and other global travel suppliers with enhanced security, efficiency, and reduced costs. The expansion comes as global B2B travel transaction volumes are projected to reach $1.7 trillion by 2027, according to Thredd’s latest report, with the APAC region the fastest-growing market exp ..read more

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a partnership with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, to offer a commercial card for OakNorth’s Business Banking customers. Thanks to the speed, flexibility and reliability of Marqeta’s platform, OakNorth customers will be able to see a more holistic view of their finances and more efficiently track spending and manage cash flow. Small and medium-sized businesses (SMEs) account for 99.9% of businesses in the UK and power ..read more

myPOS, one of the UK and Europe’s largest providers of payments, accounts and card solutions for small merchants and sole traders, is delighted to announce the appointment of Mario Shiliashki as Chief Executive Officer. Shiliashk will also join the myPOS Board of Directors. Shiliashki brings a global view on payments, having worked across four continents for companies such as PayPal, Mastercard and more recently PayU where he successfully managed all stages of Growth, M&A and Exit. Shiliashki will join the strong executive leadership team, which will continue to be supported by the Board o ..read more

Nium, the global leader in real-time cross-border payments, today announced it will sign a partnership Memorandum of Understanding (MOU) with Artajasa, one of Indonesia’s leading payment infrastructure companies. Artajasa operates the switching services banks and fintechs use to facilitate fast, secure, and reliable electronic transactions. The partnership will ensure seamless, real-time, cross-border transfers between Indonesia and the world. The MOU will be signed tomorrow at Money20/20 Asia in Bangkok by Nium’s Executive Vice President and General Manager for the Asia Pacific and Middle Eas ..read more

PPRO, the leading local payments platform, has today announced its entry into the US market enabling global payment service providers (PSPs) and merchants to reach millions of US consumers via a single API. The growth potential is significant with US e-commerce spending expected to reach US$1.5 trillion by 2027 with the average online shopper spending over US$4,000 a year with merchants.* US trade corridors between China, the UK and Canada account for 65% of cross border sales reinforcing the need for businesses to tailor their checkout experience based on consumer preference. “As the global p ..read more

Sopra Banking Software (SBS), a leading provider of banking software solutions, and Paymentology, a global issuer processor, are thrilled to announce a transformative strategic partnership aimed at delivering comprehensive card issuing services within SBS’s next-generation SBP Digital Core platform. Effective from the beginning of 2024, the strategic collaboration between SBS and Paymentology brings together the strengths of both organisations to provide high-performance card issuing and transaction processing services within SBP Digital Core, SBS’s next-generation Software-as-a-Service (SaaS ..read more

The leading global payments orchestration platform, Yuno expands its footprint in Asia, launching its innovative payment orchestration solution in key markets including Singapore, the Philippines, Thailand and Hong Kong, among others. Businesses in these countries can now leverage Yuno’s proprietary platform to access over 300 payment options, as well as integrate cutting-edge features including one-click checkout modifications, smart routing, and robust anti-fraud tools, ensuring a secure and seamless payment experience and improved approval rates. This latest expansion, which comes on the he ..read more