Payments Research

Jul

MAS responds to recurring bank outages with new safeguards and regulatory pressure

The Monetary Authority of Singapore (MAS), in collaboration with NETS Group, has announced plans to introduce stand-in capabilities for NETS point-of-sale (POS) terminals. This initiative aims to enable consumers to continue making contactless payments at retail outlets even during bank outages, serving as a direct response to the numerous disruptions…

Jul

Payments Research

Southeast Asia’s first Visa Flex solution launches in Vietnam

Mastercard’s recent decision to join the Global Dollar Network (GDN) stablecoin consortium—alongside issuers like Paxos, Circle (USDC), Fiserv (FIUSD), and PayPal (PYUSD)—marks a pivotal shift in the banking and payments landscape. By integrating these regulated digital dollars into its vast global infrastructure, Mastercard is not just embracing blockchain innovation; it…

Jun

Asia Payments Research

Thailand Embraces Digital Future with Virtual Bank Licenses

Thailand is making a significant leap into the digital banking era, with the Ministry of Finance, advised by the Bank of Thailand (BOT), approving three consortiums to establish virtual banks. This move, following a rigorous review process, aims to drive financial inclusion and innovation within the country’s banking sector. Out of five…

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