Following the swift adoption of digital financial processes in the wake of the Covid-19 pandemic, consumers across globe have rapidly embraced digital payment systems, including digital wallets, for their day-to-day activities. According to Juniper Research, digital wallet transactions globally are predicted to exceed US$12 trillion by 2026, from just around US$7.5 trillion this year. The number of digital wallet users, currently around 3.4 billion, is predicted to grow to 5.2 billion by 2026.
5 Aug 2022
Revolut, a London-based fintech company boasting more than 20 million customers worldwide, on Thursday (August 4) launched a new cryptocurrency service in Singapore, enabling customers to securely buy, hold and sell cryptocurrencies with the tap of a button. Revolut is providing all customers in Singapore with more than 80 tokens available via its app.
4 Aug 2022
SC Ventures, Standard Chartered’s innovation and fintech investment arm, has announced the launch of Appro. The Dubai-based fintech start-up offers a solution that reduces the time taken to complete the application processes for retail banking products – such as credit cards and personal loans – from several hours to just three minutes.
3 Aug 2022
Coins.ph, a crypto and fiat currency wallet services provider based in the Philippines, has partnered with leading telco Globe Telecom to allow users to redeem cryptocurrency.
29 Jul 2022
Singapore is considering introducing additional restrictions on cryptocurrency-related activities in the city-state, particularly on who can invest in the emerging asset class, following recent events that have shaken the market.
22 Jul 2022
Airwallex, a fintech platform based in Melbourne, Australia, has launched an online payments app on Shopify to enable merchants to accept online payments from global customers.
21 Jul 2022