Social distancing has changed eCommerce from a ‘want to have’ to a ‘must have’ for businesses, yet retailers could struggle to create convenient payment and refund experiences for their apps and websites, says Abdul Raof Latiff, head of DBS Bank's digital institutional banking group. In...
With a goal of being check-free by 2025, Singapore said business taxpayers are using 20 percent fewer paper checks and embracing digital payments, according to reports on Monday (Feb. 17). The move away from paper checks aligns with Singapore’s Smart Nation agenda, a government initiative to...
Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by Reuters. The company’s past investors include English business magnate Richard Branson and PayPal founders Peter Thiel and Max Levchin. FinTech...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the formal rollout of payments via PayNow with the U.K.’s TransferWise. In addition, European payment provider Klarna has unveiled an Open Banking Platform, and GM Cabs is offering to take...
March 31, 2019
Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by Reuters. The company’s past investors include English business magnate Richard Branson and PayPal founders Peter Thiel and Max Levchin. FinTech companies that offer new technology to help move cash and […]
June 21, 2018
Singapore is launching a payments platform in an attempt to reduce the use of cash and checks as the country moves towards a digital economy. Checks will no longer be...
August 29, 2017
Singapore-based OCBC Bank has reportedly rolled out an Android-based keyboard enabling users to make peer-to-peer (P2P) payments. According to a report in Finextra, the keyboard is designed to allow P2P...
