PayPal’s Xoom partners with Tenpay Global to offer cross-border remittances to Weixin Market Screener, Posted April 9, 2025 Starting today, Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal service and a pioneer in digital remittances. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users […]
India’s Axis Bank, J.P. Morgan roll out anytime dollar payments for clients Reuters, Posted March 27, 2025 India’s Axis Bank has partnered with J.P. Morgan to offer real-time U.S. dollar payment capabilities to commercial clients in the country, facilitated by Kinexys, the U.S-based lender’s blockchain and digital assets unit. This is the first instance where […]
Banking Circle’s BC Payments Gets In-Principle Nod for Payment License Fintech News, Posted March 24, 2025 BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. The company said the approval marks a step forward in […]
PayU buys 43.5% stake in Mumbai-based Mindgate Solutions IBS Intelligence, Posted March 21, 2025 PayU, the payments and FinTech business of Prosus has acquired a strategic stake in Mindgate Solutions, an expert in real-time payments technology. The move is in line with PayU’s plans to expand its presence in India’s real-time payments sector while leveraging Mindgate’s […]
State Bank of India to set up AI, fintech project finance unit The Economic Times, Posted March 13, 2025 State Bank of India, the country’s largest lender, is setting up a unit to manage project financing solutions for “new age industries” such as artificial intelligence, e-commerce, and fintech, according to a senior executive. The project […]
Asia to capture 47% of global FinTech market, hitting $19tn in 2025 BS Intelligence, Posted February 25, 2025 Asia’s FinTech industry is experiencing unprecedented growth, with total transaction volumes projected to reach $18.9 trillion by the end of 2025, according to UnaFinancial’s latest research. This marks a 12.6% year-on-year (YoY) increase, solidifying Asia’s dominance in […]
Tokenized Payments: PhonePe introduces secure card tokenization for users and merchants The Economic Times, Posted February 18, 2025 PhonePe has launched a device tokenization solution for Credit and Debit cards, allowing users to securely store and use card tokens for transactions across various services on the PhonePe App, including Bill Payments, recharges, booking travel tickets, […]
Pomelo Launches First-Ever Rewards Program for International Money Transfer Fintech Finance News, Posted February 7, 2024 Pomelo, the first company to combine consumer credit with international money transfer, has released Pomelo Points, the industry’s first points program for sending money overseas. “Today marks another industry first – we’re introducing the only points program in remittance,” […]
RBL Bank & Piramal Finance partner to offer Co-Lending Business IBS Intelligence, Posted January 27, 2024 RBL Bank, one of India’s private sector banks, and Piramal Capital and Housing Finance (referred to as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (‘PEL’), a Non-Banking Financial Company, have announced a strategic partnership under their […]
UnionPay joins Bank Simpanan Nasional to facilitate QR payments Thunes, Posted January 21, 2024 UnionPay International (UPI) has announced a partnership with Bank Simpanan Nasional (BSN), to launch the UnionPay QR payment in Malaysia in the first half of 2025. This partnership highlights both parties’ commitment to advancing digital payment solutions in Malaysia and enhancing the […]