On Monday (January 17), the financial regulator of one of the world’s most crypto-friendly nations, the Monetary Authority of Singapore (“MAS”), published PS-G02, which was titled “Guidelines on Provision of Digital Payment Token Services to the Public”. In the Introduction part of this document, the MAS pointed out that it has “consistently warned the public […]

The United Kingdom regulator intends to bring crypto promotions into line with other financial advertisements, to make sure these advertisements are transparent and fair. (Read More)

HONG KONG [Jan.18th 2022] – Episode Six and HSBC are celebrating the third anniversary of a technology partnership that has played a role in helping PayMe from HSBC become Hong Kong’s leading e-wallet provider and proven how Episode Six’s platform, Tritium, can help banks quickly scale up products aimed at large customer bases and easily extend those […]

The post Third anniversary of Episode Six and HSBC’s partnership shows the power of banks and fintechs working together appeared first on Fintech News.

There has been a 28 percent increase in buy now, pay later (BNPL) transactions from October to December 2021 compared to the same period in 2020, according to global provider

The post BNPL Transactions Rose by Nearly 30 Percent During the 2021 Peak Holiday Period appeared first on Fintech Singapore.

Telenor Group announced that it will be selling its 51% stake in digital payment solutions provider Digital Money Myanmar, also known as Wave Money, for US$ 53 million to Yoma MFS

The post Telenor Sells 51% Stake in Wave Money for US$ 53 Million appeared first on Fintech Singapore.

Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Singapore’s Central Bank Discouraging Crypto Trading by the General Public The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday […]

In its newly issued set of guidelines for digital payment token (DPT) providers, the Monetary Authority of Singapore has barred them from marketing their services in public areas. The guidelines, issued on Jan. 17, prohibited DPT companies from advertising their services in public places such as public transportation, public transportation venues, public websites, social media platforms, broadcast, […]

Read full post The Monetary Authority of Singapore bars crypto service providers from advertising in public places. on Chaintimes.com.

The Monetary Authority of Singapore (MAS) has issued guidelines which highlighted that Digital Payment Token (DPT) service providers should not promote their services to the general public in Singapore. The

The post MAS Bans Crypto Trading Platforms From Advertising in Public Areas appeared first on Fintech Singapore.

According to one of the biggest crypto payment processors in the world, Bitpay, the use of digital tokens other than Bitcoin in purchasing is increasing among consumers and businesses. The crypto company noted that the use of Bitcoin in merchants that use Bitpay dropped from 92% in 2020 to 65% in 2021. On the other […]

Payments giant Visa conducted a survey of small businesses and found that almost a quarter of them plan to accept cryptocurrencies as a form of payments this year, the company said in a press release on 12 January. Conducted by Wakefield Research in December 2021, the survey included 2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates, and the US. “Of those surveyed, 24 percent said they plan to accept digital currencies such as the cryptocurrency bitcoin,” the report said. The same study found that 82 percent of the small businesses plan to accept some form of digital option in 2022. Also, 73 percent see that accepting new forms of payments is fundamental to their business growth. Visa also expanded its poll to include consumers which consisted of 1,000 adults from the United States and 500 respondents from each of the other eight participating countries. The response from consumers who expect to use crypto payments this year was much higher with 46 percent. While the Visa survey found that small businesses are planning to adopt a new form of digital payment in 2022, several other multinational companies also seem to be embracing digital currency. For instance, Elon Musk’s Tesla recently announced plans to adopt Dogecoin (DOGE) as a payment option for the company merchandise. Even Airbnb CEO Brian Chesky recently hinted that the rental company could soon accept crypto payments. In December 2021, Visa launched crypto advisory services. Furthermore, Visa’s head of crypto recently revealed that the company partnered with 60 cryptocurrency platforms to allow consumers to spend digital currencies at over 80 million merchants worldwide.

The post A Quarter of Global Small Businesses Plans to Offer Crypto Payments This Year appeared first on Cryptoknowmics-Crypto News and Media Platform.

A survey made by Visa shows that nearly 25% of small companies from nine nations want to accept crypto as payment in 2022. Accepting new forms of payment, on the other hand, was described as “essential” to growth by almost three-quarters of firms polled by Visa.  Meanwhile, 13% of customers in those countries believe that […]

The post Visa survey shows quarter of world’s businesses are open to crypto payment this year appeared first on BitcoinerX.

Tips to Banks for Optimizing Security Level in their Mobile Banking Apps The popularity of mobile banking services is on top of in-branch banking systems. Nearly 75% of bank account holders are installing banking apps...