Global digital payments company, Checkout.com, announced its expansion into Japan supported by new direct acquiring capabilities. This move reflects Checkout.com’s commitment to delivering payment solutions across APAC, designed to meet the needs of domestic and global merchants. To lead this expansion, Checkout.com has appointed Noriko… Read More
Although globally there has been positive moment for insurance technology platofrms, Insurtech funding has continued its downwards trend in certain regions. But APAC has been fairly resilient, according to a BCG report. As India aims for Viksit Bharat by 2047, a stable and resilient financial… Read More
This year has seen a number of seemingly positive developments for the cryptocurrency ecosystem, according to an update from Chainalysis. Chainalysis noted in a blog post that in many ways, crypto has continued to gain mainstream acceptance, following the approval of spot Bitcoin and Ethereum… Read More
A total of 2,116 venture capital funding deals valued at around $28.2 billion were announced in China during the timeframe between January-October 2024, according to a new research report. This represents a significant year-on-year (YoY) decline of 22.5% in VC deal volume, whereas the total… Read More
Qatar Development Bank (QDB) has announced a strategic investment in Wahed, a global financial technology company that specializes in Shariah-compliant investing. The move underscores QDB’s commitment to fostering innovation and advancing Islamic finance. Wahed, founded in 2015, has grown into a major player in the… Read More
South Korea’s Financial Supervisory Service (FSS) plans to enhance the monitoring of abnormal transactions in virtual asset exchanges as market volatility intensifies, particularly following the U.S. presidential election. This move aims to address gaps in current systems and bolster consumer protection measures. Virtual asset exchanges… Read More
Indian retail intelligence platform Bizom has collaborated with global nonprofit Accion and Mastercard Center for Inclusive Growth, the philanthropic arm of Mastercard, to expand its digital consumer packaged goods (CPG) marketplace. The collaboration seeks to serve more than four million small retailers through embedded credit… Read More
Philippine fintech startup Salmon is aiming to secure a thrift bank license for the Rural Bank of Santa Rosa as part of its strategic expansion in the country, according to company officials. The move is intended to transform the rural bank into a retail-oriented thrift… Read More
BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc., announced its official launch to provide regulated digital asset custody, trading, settlement, and token management services to the APAC region. The launch comes after BitGo obtained its Major Payment Institution License from the Monetary Authority of… Read More
SOLOWIN HOLDINGS (Nasdaq: SWIN), a financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, announced its partnership with Zodia Custody, a digital asset custodian backed by Standard Chartered, which has been selected by NASDAQ as a new core custodian… Read More
CF Benchmarks has reportedly added Bullish as Constituent Exchange for the “trusted” institutional Bitcoin index, CME CF Bitcoin Reference Rate. Bullish Exchange has officially joined a select list of “rigorously” vetted, “high-integrity,” Constituent Exchanges for CME CF Bitcoin Reference Rates CF Benchmarks, the UK FCA-regulated… Read More
Chainalysis are pleased to share the fifth annual Chainalysis Global Crypto Adoption Index. In each year’s report, they look at both on- and off-chain data “to determine which countries are leading the world in grassroots crypto adoption.” Chainalysis research highlights countries “where unique cryptocurrency use… Read More
Tarabut, an open banking platform operating in the MENA region, and Geidea, Saudi Arabia’s payments solutions provider, have entered a strategic partnership to explore and develop SME financing solutions, subject to regulatory approvals. SMEs represent 1.3 million businesses in Saudi Arabia, and they face a… Read More
The Singapore e-commerce market is growing at a steady pace and is now expected to register a “strong” compound annual growth rate of “8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028,” forecasts GlobalData, a data and analytics company. GlobalData’s E-Commerce… Read More
A Bengali man was recently taken into police custody, allegedly in connection with the massive $235 million WazirX crypto hack reported earlier this year. Delhi authorities (in India) apparently made a significant breakthrough in the WazirX hacking incident, by arresting a suspect residing in West… Read More
South Korean authorities are reportedly investigating crypto exchange Upbit for numerous KYC (Know Your Customer) violations. Due to these reported compliance failures at the Korean exchange, Upbit might have to pay fines as high as $71,500 for each case along with potential issues with its… Read More
A group of prominent Philippine financial institutions has teamed up with Web 3.0 fintech firm JUST Finance to introduce PHPX, the first bank-collateralized Philippine Peso stablecoin. This initiative, led by UnionBank of the Philippines (UBX), RCBC, Cantilan Bank, and Rural Bank of Guinobatan, along with… Read More
Kaspersky is announcing the opening of its latest Transparency Center in Seoul, South Korea, reaffirming its commitment to delivering the best security assurance for its products and services. Located in the Kaspersky office, the new facility will provide “the company’s stakeholders with services ranging from… Read More
FortiCard, a Singapore-based global Fintech firm, has announced the establishment of its subsidiary in the United States and the acquisition of a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This development marks… Read More
Dubai-based spend management platform Pemo announced raising $7 million in a Pre-Series A funding round. The investment comes as the company seeks to accelerate its growth in the Gulf Cooperation Council (GCC) region, including plans to expand into Saudi Arabia. The funding round was co-led… Read More
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