www.globaldata.com Open in urlscan Pro
63.33.227.99  Public Scan

Form analysis
0 forms found in the DOM

Text Content

 * Visit Corporate Site

Sign in
Search
Menu
 * Sign In
 * Who We Are
   
   
   * WHO WE ARE
     
      * Mission & Values
      * Clients
      * Media
      * People
      * Why GlobalData
      * Resource Center
      * CSR
      * Partners
      * Careers
      * History
      * Investors
 * Industries We Cover
   
   
   * INDUSTRIES WE COVER
     
      * Aerospace, Defense & Security
      * Agribusiness
      * Apparel
      * Automotive
      * Banking & Payments
      * Construction
      * Consumer
      * Foodservice
      * Healthcare
      * Insurance
      * Medical Devices
      * Mining
      * Oil & Gas
      * Packaging
      * Pharmaceutical
      * Power
      * Public Sector
      * Retail
      * Technology
      * Travel & Tourism
      * Sport
      * 
 * Who We Serve
   
   
   * WHO WE SERVE
     
     CORPORATES
     
      * C-Suite
      * Innovation and R&D
      * Market and Competitive Intelligence
      * Strategic Planning & M&A
      * Marketing
      * Business Development
     
     FINANCIAL INSTITUTIONS
     
      * Investment Banking
      * Equity Research
      * Investment Management
      * Private Equity & Venture Capital
     
     PROFESSIONAL SERVICES
     
      * Management Consulting
      * Legal & Accounting
     
     OTHER
     
      * Academia
      * Government
      * Media & Advertising
 * What We Offer
   
   
   * WHAT WE OFFER
     
     INTELLIGENCE CENTERS
     
      * Market Intelligence
      * Thematic Intelligence
     
     CONSULTANCY
     
      * Custom Solutions
     
     MARKETPLACE
     
      * Report Store
      * Company Profiles
      * Direct Data Services
      * Newsletters
      * Free Intelligence

 * Home
 * Newsletters
 * Banking & Payments DECODED
 * Current:





BANKING & PAYMENTS DECODED

Latest edition: 13 Dec 2023
Share | Subscribe today

 * Share on Twitter
 * Share on LinkedIn
 * Share via Email
 * Copy Link

Go to today's edition of the newsletter


GCS APAC GRANTED MAJOR PAYMENT INSTITUTION LICENCE IN SINGAPORE

Worldline has announced its wholly owned subsidiary, GCS APAC, has been granted
its Major Payment Institution licence by the Monetary Authority of Singapore
(MAS). The successful approval by the Singaporean financial regulator of GCS APC
helps facilitate Worldline’s ambitions to expand its presence in Singapore. It
will also enhance its offerings for both local and international merchants
operating throughout the region.

The MAS licence allows Worldline the opportunity to bring its payment technology
solutions to one of the most rapidly expanding global markets with huge growth
potential. It will be able to deliver localised and cross-border money transfer
services, alongside supporting merchant acquisition services to increasingly
demanding local and international merchants conducting business within this
marketplace.


SINGAPORE MARKET CONTINUES TO EXPAND

E-commerce in Singapore is expanding exponentially, from SGD12.4bn in 2019 to an
estimated SGD19.8bn in 2023. This strong momentum is expected to continue,
reaching SGD29.4bn by 2027. The rapid rise in contactless card payments
underpins this phenomenon with the number of contactless cards increasing from
27.7 million in 2019 to 39.3 million in 2023, and the annual value of card
transactions estimated to exceed $107.3bn in 2023.

Beate Krugmann, Head of East & Southeast Asia at Worldline Merchant Services,
said: “Businesses and consumers in these diverse markets have shown great
enthusiasm in adopting new ways of doing business for many years now. In line
with their rapidly changing purchasing habits, they are constantly adopting
innovative technologies and setting new trends with global implications.

“At Worldline we appreciate these exciting trends and are very keen to stay on
top of innovation and development. As part of our regional expansion strategy,
we are committed to playing a pivotal role in our Asian markets that are rapidly
gaining importance. I am very proud we have now been granted our new licence
from the Monetary Authority of Singapore, which ensures an even stronger
foothold in Singapore and throughout our Asian markets.“






ESG 2.0

Policy changes and regulations, that fall largely under the environmental
segment of ESG, will have a transformational impact that will be felt by
businesses across most sectors. Consult our Thematic Intelligence report, ESG
2.0, to find all the info...

View more


THE EVOLUTION OF CONSUMER MEGA-TRENDS OVER TIME

Join our analysts as they combine GlobalData’s TrendSights framework with our
primary consumer research to discuss the relevance of the mega-trends dominating
the consumer goods market. Don’t miss out on key insights – register today!

Register


IN OUR PREVIOUS EDITION

Banking & Payments Decoded



12 Dec 2023

Banking & Payments Decoded

THE FUTURE OF PAYMENTS: INTEGRATING SOCIAL COMMERCE, E-WALLETS AND DIGITAL
MARKETING IN 2024

11 Dec 2023

Banking & Payments Decoded

THE “AGEING” EUROPE: WHAT TRENDS WILL SHAPE WEALTH MANAGEMENT FOR HNW INVESTORS

08 Dec 2023


NOT SUBSCRIBED?
GET OUR DAILY INDUSTRY NEWS ROUND-UP



Give your business an edge with access to the latest insights for your sector.

Sign Me Up


NEWSLETTERS IN OTHER SECTORS

Aerospace, Defence & Security

Boeing elevates US Special Ops arsenal with MH-47G block II Chinooks
13 Dec 2023

Apparel

Fashion supply chain's bad reputation need not be its destiny in 2024
13 Dec 2023

Automotive

Ford Puma ST Powershift - UK's No.1 now even better
13 Dec 2023

Construction

Suburban Connect consortium secures work on SRL East project
13 Dec 2023

Consumer

Pernod Ricard launches first China-made whisky
13 Dec 2023

Foodservice

Chicken Salad Chick to open new restaurant in Alabama, US
13 Dec 2023

Healthcare

Construction underway on Joondalup Health Campus public ward block
13 Dec 2023

Insurance

Aon to divest Dutch personal lines business to BlackFin Capital
13 Dec 2023

Medical Devices

Freenome launches lung cancer trial ahead of FDA approval bid
13 Dec 2023

Mining

Global Stocktake text signalling ‘end of fossil fuels' is adopted at COP28
13 Dec 2023

Oil & Gas

Global Stocktake text signalling ‘end of fossil fuels' is adopted at COP28
13 Dec 2023

Packaging

US researchers use biopolymers to replace synthetic plastic films
13 Dec 2023

Pharma

Pfizer obtains regulatory approvals for$43bnSeagen acquisition
13 Dec 2023

Power

Brazilian biofuels look for an opening at COP28
13 Dec 2023

Retail

US retail sales grew 0.77% in November 2023
13 Dec 2023

Sport

BCCI issues IPL title sponsorship tender for 2024-28 cycle
13 Dec 2023

Technology

Google loses antitrust battle with Fortnite creator Epic Games
13 Dec 2023

Travel and Tourism

Millennium Hotels and Resorts launches sustainability drive
13 Dec 2023


EXPLORE OUR MARKET-LEADING INTELLIGENCE CENTERS

Request Demo

--------------------------------------------------------------------------------

 * Hot Topics
 * Terms & Conditions
 * Privacy Policy
 * Contact Us
 * Sitemap
 * Modern Slavery Statement

--------------------------------------------------------------------------------

Top of page
© GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter
Street, London, EC4Y 0AN, UK | Registered in England No. 03925319
Still looking?

Search companies, themes, reports, as well as actionable data & insights
spanning 22 global industries

Search site Continue on page

×
Explorer

Access more premium companies when you subscribe to Explorer

Find out more Close
×


GET IN TOUCH ABOUT GLOBALDATA COMPANY REPORTS

Contact the team or request a demo to find out how our data can drive your
business forward



×


3,852

Visitors

are online now

WiserNotify