Asia

August 19, 2023 @ 6:49 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Cebuana Lhuillier Bank, one of the most dynamic rural banks in the Philippines, has selected Temenos in order “to modernize its core banking platform, helping the bank, which serves seven million Filipinos, to quickly launch new banking products and scale… Read More

August 19, 2023 @ 6:47 pm By Omar Faridi  |  

MVGX Holdings, a Singapore-based green fintech group providing regulated financial services and end-to-end carbon Software-as-as Service solutions for a more inclusive and sustainable future, announced the establishment of a new subsidiary, MVGX Tech, “dedicated to Carbon SaaS products and services.” Frank Zhang, a fintech, ISO… Read More

August 17, 2023 @ 8:33 am By Omar Faridi  |  

Payoneer Singapore Private Limited, a subsidiary of Payoneer Global Inc. (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized enterprises (SMEs) to transact, do business, and grow globally, has been “granted a Major Payment Institution License from the Monetary Authority of Singapore… Read More

August 16, 2023 @ 7:00 pm By Omar Faridi  |  

noqodi, a Fintech company has broadened its collaboration with Network International (Network), the enabler of digital commerce across the Middle East and wider MEA region, enabling the company “to expand digital payments acceptance for a wider range of sectors beyond just government and private sector… Read More

August 15, 2023 @ 8:48 pm By Omar Faridi  |  

In the countdown to the opening of the Asian Games, Ant Group is expanding multiple cross-border digital payment options for international travelers as the Official Prestige Partner of Asia’s largest sports event in 2023. As a native of Hangzhou, the host city of the Games… Read More

August 15, 2023 @ 11:14 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has revealed the regulatory framework for compliant stablecoins. Singapore is the top Fintech hub in Asia. MAS is a key collaborator in enabling Fintech innovation. In 2022, MAS kicked off a public consultation on stablecoins, asset-backed digital assets typically… Read More

August 14, 2023 @ 8:49 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Loan” to provide consumer microfinance solutions through financial technology. With Loan, there are now six authorized companies “offering consumer microfinance solutions in Saudi Arabia.” This decision reflects SAMA‘s endeavor “to support the finance sector, increase efficiency of financial transactions,… Read More

August 14, 2023 @ 8:43 pm By Omar Faridi  |  

Maybank and Credit Guarantee Corporation Berhad (CGC) announced the launch of the first-of-its-kind direct Application Programming Interface (API) platform for the SME Digital Financing. This integration effects faster CGC guarantee approval process “through real-time approvals, empowering the small and medium enterprises (SMEs) with instant access… Read More

August 13, 2023 @ 5:42 pm By Omar Faridi  |  

Fime has been selected by Bangladesh Bank to help launch the nation’s domestic card scheme. During this six-year partnership, Fime will aim to “provide consulting and testing services, and set up a certification body framework.” By establishing this independent payment infrastructure, Bangladesh Bank is “creating… Read More

August 13, 2023 @ 5:24 am By Omar Faridi  |  

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

August 12, 2023 @ 4:26 pm By Omar Faridi  |  

Digital investment platform Mnaara has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore. The investment round will enable Mnaara “to grow its team and continue developing its Shariah-compliant investment solutions catering to the globally underserved mass-affluent market.”… Read More

August 12, 2023 @ 11:18 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), “marking a significant step towards being a payments company with the most regulatory approvals.” With this coveted approval from MAS,… Read More

August 11, 2023 @ 3:07 pm By JD Alois  |  

Top UK-based digital bank, Starling Bank, is looking to expand its footprint beyond the borders of the UK, according to a report. Starling is preparing to launch operations in Asia, but apparently not with its own brand but by partnering with an Asian bank that… Read More

August 11, 2023 @ 9:33 am By Omar Faridi  |  

Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More

August 10, 2023 @ 10:28 am By Omar Faridi  |  

Blockchain.com, which claims to be one of the world’s most trusted and earliest crypto platforms, announced that it has been granted a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on 1st of August 2023. This announcement follows Blockchain.com “receiving its… Read More

August 9, 2023 @ 10:26 pm By Omar Faridi  |  

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require additional working capital to… Read More

August 9, 2023 @ 6:58 pm By Omar Faridi  |  

Automated Systems Holdings Limited (ASL), a global IT solutions and services provider, has strategically partnered with Finastra, a global provider of financial software applications and marketplaces, “to bolster its industry-specific DevSecOps business and strengthen its fintech trajectory.” Under this partnership, ASL has become “the sole… Read More

August 8, 2023 @ 9:14 pm By Omar Faridi  |  

Merchant commerce omnichannel platform, Pine Labs announced the appointment of Navnit Nakra as their Chief Revenue Officer. Navnit will be responsible “for developing and executing growth strategies, new business generation, streamlining processes to attain efficiencies and maximising revenue streams for the Payments Business in India.”… Read More

August 8, 2023 @ 7:45 pm By JD Alois  |  

Wealthech Endowus has raised $35 million in funding, with multiple prominent investors participating in the round. Citi Ventures and MUFG Innovation partners, along with “four of Asia’s wealthiest families,” backed the firm, according to a company release. Existing investors that participated include UBS Next, Singapore’s… Read More

August 8, 2023 @ 4:09 pm By Omar Faridi  |  

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), has partnered with Burrito Wallet, which is developed by a subsidiary of Bithumb, a Korean cryptocurrency exchange, to introduce South Korean users “to the digital assets VNX Gold, VNX Euro, and VNX Swiss… Read More