The main news this week involved iFAST’s digital banking bid and Mastercard shoppers on Amazon .
iFAST and digital banking: iFAST is one of the nine shortlisted bidders for Singapore’s digital wholesale banking license. iFAST has a chance but it’s going to be a tough fight. Link
Mastercard and Amazon: Mastercard users can look forward to faster shopping on Amazon. Amazon customers in 12 countries will have their stored Mastercard credentials tokenized. Unlike physical cards, network tokens do not expire – when consumers receive a new physical card from their bank, their credentials are automatically updated, eliminating the hassle of reentering card numbers during checkout. Link