Remittances
OCBC to make cross-border payments available to over 50 digital wallets by 2026
The bank is starting with Chinese digital wallets Weixin Pay (WeChat Pay) and Alipay
How policy and partnerships can make remittances affordable
For many, the service is the first link to financial inclusion, providing the means to cover daily needs, pay critical bills, and keep a roof over their heads
Mastercard expands remittances reach in new pact with Alipay
MASTERCARD is broadening its reach in cross-border remittances through its partnership with Alipay, the mobile payments super-app backed by Ant Group.
Local remittance firm surrenders licence, to shut down amid investigations for suspected fraud
A REMITTANCE business is planning to wind up amid investigations into the firm and its employees for suspected fraudulent trading, along with suspected failure to comply with the firm’s obligations as...
Why is MAS suspending third-party channels for remittances to China?
THE Monetary Authority of Singapore (MAS) has suspended the use of non-bank or non-card third-party channels for remitting money to China, in response to cases of remittances being frozen by China’s l...
