The Business Times

Payments

Startups

Indonesia unicorn Xendit tests Asian success with Latin America push

From left: Siti Hidayati,Artajasa; Roseanne Tan, BancNet; Nguyen Quang Minh, NAPAS; Lawrence Chan, NETS; Farhan Ahmad, PayNet ; Abraham J. Adriaansz, RINTIS.
Banking & Finance

Six Asean payment networks tie up for one cross-border system to rule them all

The move opens up a new source of revenue for OpenAI, taking advantage of the heavy user traffic on ChatGPT, in addition to its traditional subscription model.
Companies & Markets

OpenAI partners with Etsy, Shopify on ChatGPT payment checkout

The rate is set at 500 UNI$ for S$5 in bill offsets, or the equivalent in Malaysian ringgit.
ASEAN Business

UOB taps rising Johor spend with cross-border rewards redemption scheme for Singapore cardholders

Asia’s real-time payments surge, but gaps persist: StanChart
Companies & Markets

Asia’s real-time payments surge, but gaps persist: StanChart

Ant revamped its business model and undertook an organisational overhaul after a Chinese regulatory crackdown that followed its aborted listing in 2020.
Companies & Markets

Jack Ma-backed Ant’s profit dives 60% after AI, global expansion

AXS is now going beyond its kiosks and borders.
Companies & Markets

Beyond bill payments, AXS’ plans for the future include building a payment ecosystem

The license win marks a potential inflection point for the company, as bets on a turnaround gather steam and a potentially lucrative new revenue stream comes into view.
Banking & Finance

Paytm shares surge after RBI grants payment aggregator license

Cross-border QR code payment between Singapore and Malaysia, which  allows customers of certain financial institutions to make retail payments  by scanning their Nets QR code (for payments in Singapore) or DuitNow QR codes (for payments in Malaysia).
ASEAN Business

Asean’s QR linkage push to go local could chip away at greenback’s grip

The Commerce Commission estimates New Zealand businesses pay NZ$600 million a year to accept Mastercard and Visa payments.
International

New Zealand to ban surcharges on in-store electronic payments

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