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mCommerce in Singapore set for explosive growth in next five years

October 20, 2017 Financial No Comments

Despite its relatively low population, Singapore has outpaced its neighbours to become the third largest eCommerce market in Southeast Asia, but a saturation point may be on its way,  according to Worldpay’s annual Global Payments Report. … Continue Reading

Asia Pacific leads the charge with alternative payments at the heart of eCommerce

October 20, 2017 Financial No Comments

Asia Pacific is at the forefront of a global trend toward increasing complexity in the online payments market; this is according to new report from leading payments company Worldpay, which has found that consumers across APAC increasingly prefer to pay online via alternative payment methods such as e-wallets, bank transfers and cash on delivery. … Continue Reading

SWIFT to Streamline Standard Migration Process with New Message Translation Offering

October 20, 2017 Financial No Comments

New offering allows institutions and market infrastructures to translate messages from any format to ISO 20022 or MT
… Continue Reading

Surpassing Two Million Messages, SWIFT gpi Is the New Standard in Cross-Border Payments

October 18, 2017 Financial No Comments

With SWIFT gpi, corporate treasurers around the world are getting a better payments experience from over 120 leading transaction banks … Continue Reading

SWIFTNet Instant to Provide Access to EBA CLEARING’s RT1 System

October 13, 2017 Financial No Comments

SWIFT and EBA CLEARING today announced that users of EBA CLEARING’s instant payment system, RT1(https://rt1.ebaclearing.eu/), will be able to access the platform via SWIFTNet Instant from November 2018. The SWIFT solution(https://www.swift.com/your-needs/instant-payments) will address all RT1 customer requirements, including instant messaging, file transfers and a browse solution. … Continue Reading

Cryptocurrency Trading Platform Leverj Announces Highly-Anticipated Token Generation Event

October 13, 2017 Financial No Comments

Platform will use the Ethereum blockchain to facilitate cryptocurrency derivatives trading … Continue Reading

The transaction volume via the UnionPay network reached a record high of over one trillion yuan during the Chinese National Day Holiday

October 12, 2017 Financial No Comments

This year, the Chinese National Day Holiday overlapped with the Mid-Autumn Festival, causing an 8-day Golden Week. From October 1st to 8th, the total transaction volume via the UnionPay network set a new record: 1.37 trillion yuan, while the number of transactions reached 728 million, marking a year-on-year growth of 36.2% and 11.7% respectively. … Continue Reading

Global merchants welcome new-generation Chinese tourists with UnionPay card services

October 10, 2017 Financial No Comments

6 million Chinese tourists are expected to visit foreign countries during the Golden Week from October 1. According to the latest analysis of China Tourism Academy, compared with previous years, the new-generation Chinese tourists of outbound tourism, instead of spending much time in shopping, they prefer activities such as self-driving, performance, special food and entertainment etc. … Continue Reading

SK Planet Japan to Launch Geo-Targeted Crypto-Currencies to Attract Booming Chinese Tourists

October 9, 2017 Financial No Comments

SK Planet Japan and blockchain startup GATCOIN jointly announce plans to issue geo-targeted crypto currencies to Chinese tourists in Japan. … Continue Reading

Mastercard and PayPal Expand Digital Partnership Globally

October 7, 2017 Financial No Comments

Mastercard (NYSE: MA) and PayPal (NASDAQ: PYPL) today announced a significant expansion of their longstanding partnership into Canada, Europe, Latin America and the Caribbean and the Middle East and Africa to enhance customer choice, optimize the consumer experience and make Mastercard a clear payment option within PayPal across the globe. … Continue Reading

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