payment

KPay Group, a fintech company co-headquartered in Hong Kong and Singapore, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license, under the Payment Services Act 2019 for its Singapore subsidiary, KPay Merchant Service (Singapore).

US payments company Visa and China's Lianlian DigiTech have completed their first live business-to-business agentic transaction using LoopXPay, Lianlian's AI agent, in which the agent sourced a product sample from a supplier and completed the purchase within a single automated workflow.

Singapore-headquartered fintech M-DAQ Global has signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam, giving M-DAQ its own regulated payments infrastructure in the country with direct access to Vietnamese dong collection and payout rails.

XTransfer, a B2B cross-border trade payment platform, inaugurated a new office in Malaysia late last week, positioning the country as a strategic hub for its Southeast Asia operations and deepening its localized presence across the region.

China’s online and mobile payment platform Alipay, under Chinese giant Ant International's, has launched its cross-border mobile payment services for global travelers in Latin America through a partnership with PVS, a fintech company specializing in customized payment solutions in the region.

China’s online and mobile payment platform Alipay has launched a new AI payment processing product aimed at enabling businesses in mainland China, including small firms and one-person companies, to accept payments from autonomous AI agents.