Standard Chartered, Australia’s Assembly form payments joint venture in Singapore
by techinasia 2020-02-12
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source: techinasia

Standard Chartered, a multinational banking and financial services firm, announced it has set up a new joint venture with Australian fintech startup Assembly Payments to offer payment solutions to the global ecommerce industry.

The new company, which will be based in Singapore, is set to run a digital platform that can manage transactions involving online, mobile, point-of-sale, e-wallet, debit and credit card, and real-time payments.

The service is already available to clients in Australia and New Zealand, and the partnership is targeting to roll it out to other markets starting mid-February, a spokesperson for Standard Chartered said.

It seeks to help merchants worldwide to scale their business in the US$29 trillion global ecommerce industry and solve challenges in risk management, fraud, integration, reporting, and reconciliation.