digital payments

Disruption and Digitalisation

Cross-border sales make up more than a third of Singapore businesses' e-commerce revenue: Visa study

SINGAPORE (Dec 19): International sales now account for an average of 35% of revenue of Singapore e-commerce businesses, according to a study published Thursday by digital payments giant Visa Inc.

Deals, JVs and alliances

Gojek near US$120 million deal for mobile payment startup in Indonesia

SINGAPORE (Dec 11): Indonesia’s ride-hailing giant Gojek is close to acquiring a mobile point-of-sale startup called Moka for at least US$120 million ($163 million), as it aims to become a leading

Disruption and Digitalisation

Digital financial services to generate $52 bil annually by 2025; 'underbanked' and 'unbanked' remain challenges

SINGAPORE (Oct 30): The digital financial services industry in Southeast Asia is poised to triple in annual revenue generation by 2025 to reach an estimated US$38 billion ($52 billion), a new study

Disruption and Digitalisation

DBS helps SMEs in the retail and F&B sectors reduce cost of managing cash

SINGAPORE (June 4): DBS says that digital transactions from its SME customers have increased by 70%, while transaction value has increased by 25%, since the bank launched DBS MAX, Singapore’s first

Fintech

'Massive potential' in digital payments space, says SAC

SINGAPORE (Mar 19): SAC Advisors says the electronic payments landscape could be revolutionised in the next five to 10 years, as mobile payments become mainstream, blockchain technology starts to g

Fintech

EZ-Link, Mastercard among consortium formed to implement interoperable local QR payments

SINGAPORE (Jan 25): A consortium of seven mobile wallets, acquirers and payment networks has been formed to enable interoperable quick response (QR) payments in Singapore for both consumers and mer

Singapore still prefers cash over digital payments

SINGAPORE (Sept 5): In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. 

Fintech

Digital payments make for better money management: PayPal

SINGAPORE (Aug 29): New research conducted by online payments company PayPal has revealed that while cash remains king for transactions in Singapore, going digital may be the way to get locals to p

Fintech

Jack Ma’s shadow looms large for banks across Southeast Asia

SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd.

Digital payments set for huge growth, but cash still well and truly alive

The death knell for cash was sounded as far back as the middle of the 20th century, as credit cards gained in popularity. But, to paraphrase Mark Twain, those reports were greatly exaggerated.

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