As companies continue to expand their reach across the globe, navigating the complexities of international payroll has become a daunting task. From currency fluctuations to navigating diverse employment laws, the challenges of paying employees in different countries can seem never-ending. But with the rise of fintech, the global payroll maze may finally have a solution.

Overall fintech investments in Singapore saw a year-on-year rise, hitting a three-year-high of US$4.1 billion across 250 deals in mergers & acquisitions (M&A), private equity (PE), and venture capital (VC) in 2022, according to the KPMG Pulse of Fintech H2'22. 2022's total deal value here saw a 22 percent increase, up from US$3.4 billion in 2021, and a 75 percent increase from 2020's total deal value of US$2.3 billion.

Access to financing has long been a major hurdle for businesses eyeing growth. Against this backdrop, Visa, Froda and Lunar are announcing a global partnership and launching a new, innovative technology aimed at resolving these issues  – for good. The product, which for the first time utilizes push-payment functionality for financing, aims to reduce transaction times to mere seconds. Ordinarily, this process would have taken months. 

TEMENOS today announced that Diner’s Club Ecuador has gone live with Temenos Core Banking, Payments and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner’s Club Ecuador as the first digital bank in the country.

Clausematch, a global regulatory technology company developing solutions for regulatory compliance, has launched a new office in Lisbon, Portugal, its first office in the Southern European country and third branch worldwide, in addition to established teams in the United Kingdom and North America.

Vayana Network, one of India’s largest trade finance platform, announced the expansion of their international business operations via their subsidiary arm, Hylobiz. A B2B supply chain network, Hylobiz launched its business in Indonesia in partnership with Accurate and Brankas. This partnership will empower businesses in Indonesia with connected business software, especially accounting & POS (point of sales), and connected banking services for faster cash collections and strong cashflow, enabling steady business growth.

epay Australia Pty Ltd, a wholly-owned business segment of Euronet  Worldwide, Inc., today announced: Alipay+ will be activated in some 8,000  epay retailers including Australian luxury department store David Jones*. epay Australia’s  retailers will have access to the Alipay+ e-wallet partners including AlipayHK (Hong Kong SAR, 

China), GCash (The Philippines), Kakao Pay (South Korea), TrueMoney (Thailand) and Touch 'n  Go eWallet (Malaysia) in the first quarter of 2023. 

The economic climate in the UK isn’t exactly enviable right now. The UK Customer Satisfaction Index (UKCSI) published by the Institute of Customer Service (ICS) last month revealed 15% of customers currently describe their financial well-being as ‘poor’ or ‘very poor,’ and one in four report they’ve reduced their spending in the last year because they simply have less to part with.

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, today announced the launch of its next-generation digital banking platform. The modernized digital banking platform is engineered to deliver neurodiverse functionalities intended to improve accessibility and better accommodate the cognitive needs of all credit union members.

iDenfy, a tech startup providing AI-based ID verification and fraud prevention services, announced joining forces with Today’s Crypto, a streaming platform designed for the cryptocurrency community. iDenfy will ensure a frictionless onboarding process without creating compliance risks.