Brazil’s recently launched instant payment system PIX is surpassing alternative payment options such as debit cards and is currently more popular among wealthier male consumers, according to new research.
PIX was introduced by the Brazilian Central Ban…
A new data platform has been introduced in Singapore to enable residents to pull together and view their financial information from across various sources, including banks and government agencies. The aim here is to help these individuals better unders…
Standard Chartered (StanChart) is looking to boost the skillsets of its workforce in Singapore with the launch of a new training lab. The British bank hopes to train 8,000 of its employees here across a range of digital skillsets, including data analyt…
Singapore has finally unveiled four successful bidders for its digital bank licences, one fewer than the five it was expected to issue. Alibaba’s Ant Group, joint bidders Singtel and Grab, as well as internet services company Sea have each snagged a li…
Eligible non-bank financial institutions in Singapore soon will have direct access to the country’s retail payment platforms, PayNow and FAST, which will enable e-wallet users to make funds transfers between bank accounts and across different e-wallets…
Singapore has unveiled a new scheme to help buffer expenses companies incur in engaging independent service providers to validate green credentials of a loan. It also offering financial support to encourage banks to develop loan frameworks to make such…
Intuit reported better-than-expected first quarter financial results on Thursday, showing solid growth in its small business and self employed unit. The personal and small business financial software maker reported a net income of $198 million, or 75 c…
Google is taking the wraps off of its new Google Pay experience, revealing on Wednesday a completely redesigned Google Pay app in the US for both Android and iOS. Google said the three key focuses for the redesign were simplicity, security and privacy,…
Singapore is offering SG$35 million ($25.95 million) to help smaller financial institutions adopt digital tools, so they can be more efficient in submitting data reports to the industry regulator. The funds can be used to support up to 30% of eligible …
Brazil’s instant payments system PIX went live yesterday (3) with a limited pool of users ahead of the full launch later this month.
Some 1.570 transactions recorded during the first day of operation, between 9am and 5pm. In a virtual press conference,…