The news: Checkout.com started using Mastercard Send to enable faster payments for consumers and businesses in Singapore, per a press release. Mastercard Send is Mastercard’s faster payments network . It lets businesses send payments to more than 1.5 billion debit, credit, and prepaid cards. The bigger picture: Real-time payments are gaining steam across Asia-Pacific thanks to factors like new technologies, regulatory pressures, and merchant and customer expectations, per Global Payments. In the long term, expanding faster payments use cases will require collaboration between governments, banks, and fintechs.

Source: The North Africa Journal March 16, 2023 17:11 UTC