Western Union plans to acquire Dash, a mobile wallet in Singapore that has more than 1.4 million users. The company and Dash owner Singtel signed a conditional agreement on the sale of the mobile wallet, the companies said in a Wednesday (Oct. 23) press release....
Cryptocurrencies were created to address supposed pain points across the financial system. By decentralizing transaction verification and record-keeping through a distributed ledger, blockchain-based digital assets remove the need for intermediaries to enable digital transactions while simultaneously preventing issues endemic to other digital currencies, like double-spending,...
Singapore is reportedly growing increasingly fond of stablecoin payments. Payments with the digital assets during the second quarter hit a record high of nearly $1 billion in the city state, Bloomberg News reported Wednesday (Sept. 11), citing data from Chainalysis. Merchants use stablecoins because of “efficiency and low...
Nium is reportedly the latest company holding off on plans to go public. Prajit Nanu, CEO of the Singapore-based payments firm, told Bloomberg News in an interview late Sunday (Sept. 8) that Nium will instead focus on bolstering its workforce and expanding revenues, with an...
July 10, 2024
While Singapore captivates visitors with its vibrant culture, food and stunning architecture, this Southeast Asian city-state wears another crown: A world leader in digital engagement. Nicknamed the “Lion City,” Singapore boasts a dense population of 5.7 million that actively embraces digital technologies, shaping how citizens connect, consume and conduct business. Singapore earned the No. 2 […]
July 09, 2024
It may surprise you to learn that the U.S. did not top the global charts for digital engagement in PYMNTS Intelligence’s “How The World Does Digital” report. In fact, it...
July 05, 2023
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions. Many countries have successfully implemented real-time payment systems to enhance efficiency and meet the growing...
July 04, 2023
There will be no fireworks for the digital asset sector this July Fourth. It’s looking like the course du jour being cooked on the grill this Independence Day could be...
November 04, 2024
Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets by the formation of commercial networks, according to a Monday (Nov. 4) press release. “MAS has seen strong interest in asset tokenization in recent years, […]
October 24, 2024
Western Union plans to acquire Dash, a mobile wallet in Singapore that has more than 1.4 million users. The company and Dash owner Singtel signed a conditional agreement on the...
September 11, 2024
Singapore is reportedly growing increasingly fond of stablecoin payments. Payments with the digital assets during the second quarter hit a record high of nearly $1 billion in the city state, Bloomberg News...
September 09, 2024
Nium is reportedly the latest company holding off on plans to go public. Prajit Nanu, CEO of the Singapore-based payments firm, told Bloomberg News in an interview late Sunday (Sept....
