Asia

June 11, 2023 @ 12:03 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has launched a service that allows international remittance companies to facilitate overseas remittances into the Philippines. The market for Philippine Peso remittances “is huge since there is a large number of Filipino migrant workers all around the globe.”… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

June 9, 2023 @ 3:16 pm By Omar Faridi  |  

On June 8, 2023, Binance, which is being sued by US regulators for a wide range of issues, conducted a one-day training program in collaboration with Taiwan’s Criminal Investigation Bureau (CIB) in Taipei. This collaboration is “part of their broader commitment to contribute to combating… Read More

June 8, 2023 @ 6:11 am By Omar Faridi  |  

The team at Gemini is pleased to announce that Gemini will soon “begin the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE).” As a “forward-thinking,” global financial hub, the UAE is “continuing its tradition of leadership by… Read More

June 7, 2023 @ 11:08 pm By JD Alois  |  

Circle is continuing its push to mitigate regulatory risk by receiving licenses to operate beyond the boundaries of the US. This week, Circle announced it had been approved as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS). Circle is a top… Read More

June 7, 2023 @ 10:54 pm By Omar Faridi  |  

Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a strategic partnership with global technology company Mastercard, aimed at introducing account-to-account (A2A) payments on Mastercard Payment Gateway Services (MPGS). The agreement was “signed at Seamless Middle East, the largest… Read More

June 7, 2023 @ 6:56 pm By Omar Faridi  |  

PhonePe Group, which recently received the NBFC-AA license from RBI, announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Pvt Ltd (PTSPL). PTSPL’s Account Aggregator service “will allow Indian consumers to consent to and share all their financial… Read More

June 7, 2023 @ 12:01 pm By Omar Faridi  |  

Pepper Advantage, a global credit intelligence company, has obtained an AFPI fintech license to service the growing number of non-bank credit providers operating in Indonesia. With 112 fintech companies providing secured and unsecured credit products, non-bank lenders are “a significant factor in providing digital financial… Read More

June 6, 2023 @ 9:51 pm By Omar Faridi  |  

AntChain announced a new collaboration with Intel to launch AntChain Massive Data Privacy-Preserving Computing Platform (MAPPIC), a new privacy-preserving computing (PPC) platform that brings a data privacy protection solution for large-scale AI machine learning. As a Software-as-a-Service (SaaS) platform, MAPPIC is based “on the Trusted… Read More

June 6, 2023 @ 8:43 pm By Omar Faridi  |  

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More

June 5, 2023 @ 9:44 pm By Omar Faridi  |  

Ant Group released its 2022 Sustainability Report, highlighting progress made in implementing its Environmental, Social and Governance (ESG) strategy throughout 2022. In the technological innovation field, Ant Group has “invested RMB 20.46 billion (approx. USD 2.89 billion) in research and development (R&D) in 2022, effectively… Read More

June 5, 2023 @ 9:35 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, has successfully closed a new financing round “resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement.” The investment round reportedly “involved the participation of key global… Read More

June 5, 2023 @ 9:34 pm By Omar Faridi  |  

Blackhawk Network (BHN) has partnered with Google Play in order “to launch a new way for consumers to enjoy their favourite digital apps and games by transacting in physical retail locations to convert real-world cash into digital currency.” The partnership is “powered by BHN’s systems… Read More

June 5, 2023 @ 8:27 am By Omar Faridi  |  

Crypto.com announced that it has received its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com “receiving its in-principle approval from MAS in June 2022.” With this license, Crypto.com can “continue to… Read More

June 4, 2023 @ 6:53 pm By Omar Faridi  |  

The team at Tencent is pleased to announce that Tencent Cloud, which is described as one of the world’s leading cloud companies, has entered into a partnership with Chainlink Labs, a developer of the Chainlink Network. This partnership will “help support the development of the… Read More

June 3, 2023 @ 10:15 pm By Omar Faridi  |  

IOST is pleased to announce a collaboration with Professor Emil Chan, a Fintech visionary and digital transformation professional. Together, they will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to improving higher education “through innovation.” Their mission is “to establish a leading global education DAO… Read More

June 3, 2023 @ 9:14 pm By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, is pleased to announce the appointments of Stephanie Cheung and An Hoong to its team in the Asia Pacific (APAC) region. Both bring relevant experience “from previous roles at… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

May 31, 2023 @ 10:56 pm By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces a strategic partnership with Qarar, the region’s credit analytics technology provider and technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia. This strategic partnership is set to enhance the financial landscape… Read More

May 31, 2023 @ 10:41 pm By JD Alois  |  

On June 1, 2023, new rules regarding digital assets go into effect, which may make Hong Kong a crypto hub. Earlier this month (May 2023), the Hong Kong Securities and Futures Commission (SFC) concluded the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators. According… Read More