Airwallex: Singapore Central Bank Payment License

Global FinTech Platform Airwallex has secured a payment license in Singapore, bolstering the company’s operations in the ASEAN region, according to a press release sent to PYMNTS on Monday, November 8. The Monetary Authority of Singapore (MAS) has cleared Airwallex for a major payment institution license, which authorizes the Australian …

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As travelers expect, suppliers want to cut payment costs

With major airlines reporting their first quarterly profits since the start of the pandemic, the easing of restrictions nationally and internationally, and the rollout of vaccinations underway, the travel bug is starting to resurface. In a recent conversation with Karen Webster, Flywire Vice-president and general manager of travel Colin Smyth …

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Digital payment services in cross-border retail

Growing consumer interest in digital payment options in stores and online retailers was on the rise even before the pandemic spurred acceptance. Recent research predict that global digital payment services, particularly cashless payments, will grow by more than 80% from 2020 to 2025 and almost triple by 2030. All indications …

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