started · updated
Fintech firms announce global payouts, new credit cards, and digital banking platforms
Several fintech developments have been announced across Asia and the United States. Fiserv and Thunes have entered a strategic collaboration to enable real-time international payouts for Fiserv’s merchant ecosystem. This partnership allows ecommerce platforms and marketplaces to reach 12 billion bank accounts and mobile wallets across more than 140 countries and 90 currencies.
In Singapore, GXS Bank has launched the GXS Credit Card, a Visa-issued card offering unlimited cashback. Users can earn up to 10% in GrabCoins on eligible Grab transactions and a 1.75% rebate on Singtel bills and other spending, provided a minimum monthly spend of S$500 is met.
In Malaysia, Boost has launched Boost SME, a digital business banking platform designed to integrate banking, payments, and financing for small and medium enterprises. The platform allows for digital account opening in minutes and supports same-day DuitNow QR settlement.
Additionally, the Bank of the Lao PDR has approved Star Fintech, operator of the Umoney platform, to enter the country’s regulatory sandbox for digital lending. This marks the first time a company in Laos has been authorized to test digital lending under this framework to improve financial inclusion.
Entities
Boost · Fiserv · GXS Bank · Grab · Pei-Si Lai · Singtel · Star Fintech · Thunes · Visa
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Eligible Grab transactions earn a 10% rebate in GrabCoins. asianbankingandfinance.net
- [○ 1 SOURCE] The card is Singapore’s first bank-issued credit card that can be applied for through a third-party app.
- [● 2 SOURCES] GXS Bank launched the GXS Credit Card in partnership with Visa. asianbankingandfinance.net
- [● 2 SOURCES] A month-long beta program was conducted with over 1,000 customers. asianbankingandfinance.net
- [● 2 SOURCES] Cardholders receive 1.75% cashback on Singtel bill payments and other spending, provided a minimum monthly spend of S$500 is met. asianbankingandfinance.net