Arival partners with Railsbank

Singapore-based Arival, a fintech firm with a licensed bank unit in the US, has partnered with Railsbank, a London-headquartered fintech company, to offer customers the option to make local payments in the city-state.

The partnership will help Arival expand into the Asia-Pacific region, with Singapore considered as a highly strategic market. It will also allow startups to scale in different markets through different currencies and payment rails.

Read more: Tech in Asia