PYMNTS-MonitorEdge-May-2024

APAC

Singapore Airport Tests AI for Baggage Security
Singapore Airport Tests AI for Baggage Security
November 27, 2023  |  Artificial Intelligence

Singapore’s Changi Airport is reportedly gauging whether artificial intelligence can reduce security check-in times. The airport is using AI and machine learning at one of...

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Circle and SBI Holdings Partner to Promote Stablecoins in Japan
Circle and SBI Holdings Partner to Promote Stablecoins in Japan
November 27, 2023  |  Partnerships

SBI Holdings, a Japanese financial services company, partnered with Circle, a global FinTech, to promote the use of stablecoins in Japan. The collaboration comes after...

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Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
November 20, 2023  |  Mastercard

A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to...

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Monetary Authority of Singapore Unveils Plans for Digital Money 
Monetary Authority of Singapore Unveils Plans for Digital Money 
November 16, 2023  |  CBDC

The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country.  These...

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Yedpay and Mastercard Introduce ‘One Touch’ Payment Solution
Yedpay and Mastercard Introduce ‘One Touch’ Payment Solution
November 10, 2023  |  Real-Time Payments

Yedpay, a Hong Kong-based payment technology company, has partnered with Mastercard to provide a new payment tool for real-time cash flow.  Through their collaboration, they aim...

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SBI and Reliance Launch Credit Card on India’s RuPay Network
SBI and Reliance Launch Credit Card on India’s RuPay Network
October 31, 2023  |  Credit Cards

SBI Cards and Reliance Retail are launching a credit card on India’s RuPay payment network. The co-branded card marks Reliance’s entry into the credit card space, according to a Tuesday...

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Jio to Launch Satellite Broadband Service in India
Jio to Launch Satellite Broadband Service in India
October 27, 2023  |  Connected Economy

Indian telecommunications company Reliance Jio Infocomm Ltd. has rolled out a satellite-based gigabit fiber service and said it aims to provide high-speed broadband services to previously inaccessible...

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YouTrip Raises $50 Million to Expand Multicurrency Digital Wallet
YouTrip Raises $50 Million to Expand Multicurrency Digital Wallet
October 26, 2023  |  Investments

Singapore-based multicurrency digital wallet provider YouTrip raised $50 million in a Series B funding round. The firm will use the capital to launch new products...

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ACE and dLocal Team to Improve Remittances in APAC and EMEA
ACE and dLocal Team to Improve Remittances in APAC and EMEA
October 24, 2023  |  Cross-border Payments

Payments service provider dLocal has launched a partnership with British remittances firm ACE Money Transfer. The companies say their collaboration, announced in a news release Tuesday (Oct. 24), is...

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