Payment
Crypto exchange Gemini gets MAS’ in-principle nod for major payment institution licence
AMERICAN cryptocurrency exchange Gemini has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence. This licence will allow it to provide cross-border money...
MAS orders Qoo10 to stop payment services in Singapore
THE Monetary Authority of Singapore (MAS) has directed Singapore-headquartered e-commerce platform Qoo10 to suspend its provision of payment services locally from Sep 23.
This comes after the authorities received several...
Apple to open payment chip to third parties and charge fees
APPLE will begin letting third parties use the iPhone’s payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform.The...
South Korea to support vendors hit by Qoo10 payment delays, Singapore-based founder pledges compensation
South Korea will provide US$400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms, and the Singapore-based firm’s founder pledged to use...
South Korea to support vendors hit by Qoo10 payment delays, Singapore-based founder pledges compensation
South Korea will provide US$400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms, and the Singapore-based firm’s founder pledged to use...
XTransfer gets in-principle approval from MAS for major payment institution licence
CHINESE cross-border trade payment platform XTransfer has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence (MPI).This licence will allow XTransfer to...
Payment system to let Singaporeans send money instantly via mobile phones to four countries
RESIDENTS here are closer to the day when they will be able to make instant and cheap cross-border money transfers to four other Asian countries via local apps such...
Local firms’ payment performance improves further in Q2: Singapore Commercial Credit Bureau
LOCAL firms’ payment performance continued to improve for a fourth consecutive quarter in Q2 2024, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Jul 2). The credit and...
Digital payment token service providers at higher risk of facilitating terrorism financing
THE risk of digital payment token (DPT) service providers facilitating terrorism financing was raised from “medium-low” to “medium-high” as part of the latest refresh of Singapore’s terrorism financing national...
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
SINGAPORE-BASED fintech startup Qashier was granted in-principle approval for a major payment institution licence by the Monetary Authority of Singapore (MAS). This means that Qashier’s payment services – domestic...