Singapore Fintech Report 2024
The Singapore Fintech Report 2024 offers valuable insights for investors, policymakers, and industry players seeking to understand the opportunities and challenges within Singapore’s thriving fintech sector.
E-Wallets Rise as Leading Payment Method in Southeast Asia
Oct 22, 2024 · In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a …
Thai Governor Highlights Data, Cross-Border Payment Initiatives at …
Nov 13, 2024 · Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, recently addressed the Singapore Fintech Festival, sharing insights on Thailand’s advancements in digital finance.. He emphasized the country’s successful implementation of the PromptPay system and QR code standards, which have significantly broadened access to digital payments while prioritizing security.
UOB Report: ASEAN Fintech Investment Defies Funding Winter, …
Nov 6, 2024 · ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB, PwC Singapore, and the Singapore Fintech Association.. This growth, largely seen in payments and alternative lending, is set to advance further with the integration of …
Singapore Fintech Report 2024: Losses Continue to Mount for …
Nov 6, 2024 · In parallel, Singapore remains an active participants in Project Nexus, an initiative spearheaded by the Bank for International Settlements (BIS) to enhance global payments network connectivity.Project Nexus aims to improve the speed, cost, transparency and accessibility of cross-border payments by establishing multilateral linkages of national retail payment systems.
Singapore Fintech Festival 2025 - Fintech Singapore
Nov 13, 2024 · Singapore Fintech Festival (SFF) is the largest Fintech festival in the world and a knowledge platform for the global Fintech community. SFF is organized annually by the Monetary Authority of Singapore, Global Finance & Technology Network and Constellar in collaboration with The Association of Banks in Singapore.
List of Licensed Crypto Services Providers in Singapore
Jan 25, 2024 · Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
The Top Payment Fraud Trends in 2024 - Fintech Singapore
Nov 11, 2024 · The payment ecosystem is grappling with a rapidly evolving fraud landscape, characterized by a sharp rise in purchase return authorization (PRA) attacks, increasingly sophisticated ransomware schemes and the growing misuse of artificial intelligence (AI) by cybercriminals, a new report by Visa Payment Fraud Disruption (PFD) says.
Tencent and Visa Roll Out Palm Payment Trial in Singapore
Nov 6, 2024 · Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival.. The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants.
Arta Finance Launches Wealth Platform Globally From Singapore …
Oct 14, 2024 · Arta Finance, a digital wealth management platform, has officially launched internationally, using Singapore as its strategic hub. Licensed by the Monetary Authority of Singapore (MAS), the platform is now available to accredited investors in Singapore, as well as international clients managing their wealth through Singapore.