Singapore

Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. Its colonial core centers on the Padang, a cricket field since the 1830s and now flanked by grand buildings such as City Hall, with its 18 Corinthian columns. In Singapore's circa-1820 Chinatown stands the red-and-gold Buddha Tooth Relic Temple, said to house one of Buddha's teeth.

Source: en.wikipedia.org

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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Airwallex to Acquire Mexico Payments Company MexPago
Airwallex to Acquire Mexico Payments Company MexPago
October 19, 2023  |  Acquisitions

Airwallex, a global payments and financial platform for businesses, has announced a deal to acquire MexPago, a Mexico-based payment service provider. This acquisition marks Airwallex’s entry...

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Grab’s Expansion Plans Hit Regulatory Roadblock in Singapore
Grab’s Expansion Plans Hit Regulatory Roadblock in Singapore
October 16, 2023  |  Ridesharing

Singapore’s competition watchdog has pumped the brakes on ride-hailing giant Grab’s plan to acquire Trans-cab. The Competition and Consumer Commission of Singapore (CCCS) announced Monday (Oct. 16) it had concerns about the...

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UnionPay and TripLink Unveil Virtual Card for B2B Cross-Border Payments
UnionPay and TripLink Unveil Virtual Card for B2B Cross-Border Payments
October 10, 2023  |  B2B Payments

Global payment network UnionPay has partnered with FinTech company TripLink to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration aims to address the cross-border payment needs of...

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Coinbase Gets Payments License in ‘Priority Market’ of Singapore
Coinbase Gets Payments License in ‘Priority Market’ of Singapore
October 02, 2023  |  Cryptocurrency

Cryptocurrency giant Coinbase has received a payments license from Singapore’s central bank. The license from the Monetary Authority of Singapore (MAS) will let Coinbase provide...

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BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
September 28, 2023  |  CBDC

The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS...

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Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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Ripple Will Look Beyond US For Bulk of Its Workforce
Ripple Will Look Beyond US For Bulk of Its Workforce
September 14, 2023  |  Cryptocurrency

If you want to work for Ripple, your chances are better outside the U.S. In an interview with Bloomberg Television Wednesday (Sept. 13) at the Token2049 conference in...

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Binance CEO: FTX Collapse Made Singapore Cautious About Crypto
Binance CEO: FTX Collapse Made Singapore Cautious About Crypto
September 14, 2023  |  Cryptocurrency

The downfall of FTX changed Singapore’s attitude toward cryptocurrency, Binance CEO Changpeng Zhao said Thursday (Sept. 14). The island grew more reticent about the digital...

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