Asia

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More

December 15, 2022 @ 9:51 pm By Omar Faridi  |  

Cashfree Payments, India’s leading payments and API banking solutions company, is enabling eUPP (eLite Unified Payment Platform), a fee payment management system for schools and colleges, “to offer an instant and secure fee payments experience for end users.” Currently, through this partnership, “more than 500… Read More

December 15, 2022 @ 9:48 am By JD Alois  |  

ZA Bank has announced a currency exchange service. The digital bank states that the service will incorporate zero handling fees with no additional charges and real-time quotations to offer users a transparent experience. Last month, Wise, a digital currency transfer and payment provider, announced services… Read More

December 14, 2022 @ 11:05 pm By Omar Faridi  |  

Azentio Software, a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced that National Bonds, the UAE’s Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has “selected Azentio’s Islamic Banking solution, iMAL, to support its quest to improve process… Read More

December 14, 2022 @ 4:05 pm By Omar Faridi  |  

American Express (NYSE: AXP) announced it has opened a new Decision Science Center of Excellence (CoE) in Singapore that will deliver global data-driven solutions. The CoE will “focus on data science applications in the areas of credit and fraud risk model development and production using… Read More

December 13, 2022 @ 9:40 am By Omar Faridi  |  

Compliance and international payroll provider, RemotePass launches a mobile app designed specifically for remote workers, “offering them equal access to financial services and benefits from anywhere in the world.” The RemotePass Super App, which “comes with a virtual and physical payroll card, enables remote workers… Read More

December 11, 2022 @ 10:51 pm By Omar Faridi  |  

IFZA Dubai, which claims to be the UAE’s most “dynamic” and “truly” international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s “first” platform bank, “to provide IFZA Free Zone companies with quick and convenient access to digital banking services and… Read More

December 11, 2022 @ 10:15 pm By Omar Faridi  |  

BI-FAST, Indonesia’s domestic real-time payments scheme — provided by Bank Indonesia and powered by ACI Worldwide (NASDAQ: ACIW), a key player focused on mission-critical, real-time payments software — has announced plans “to launch a wide range of new real-time payment services as the scheme celebrates… Read More

December 11, 2022 @ 10:06 pm By Omar Faridi  |  

Earned Wage Access (EWA) service provider Paywatch has reportedly secured $9 million via a pre-Series A funding round that was led by existing investor Third Prime. The investment round also included contributions from Hana Ventures which is the venture division of Hana Financial Group in… Read More

December 11, 2022 @ 9:58 pm By Omar Faridi  |  

Boost, which claims to be the leading regional full-spectrum fintech arm of Axiata, and Payments Network Malaysia (PayNet), the national retail payments network infrastructure announced that Boost merchants in Malaysia can now “accept cross-border payments from Thailand tourists via its DuitNow QR.” This new feature… Read More

December 11, 2022 @ 9:57 pm By Omar Faridi  |  

Union Bank of Philippines, a “long-standing” partner of Hex Trust, is expanding their digital asset exposure by “tapping into the metaverse.” As a continuation of their “Tech-up Pilipinas” advocacy, UnionBank has announced their entrance “to The Sandbox, with the help of Hex Trust’s digital asset… Read More

December 11, 2022 @ 3:54 pm By Omar Faridi  |  

With the surging demand of international business travel, global fintech platform Airwallex is partnering with Agoda, a global digital travel platform, “to make travel planning easier for Hong Kong SMEs and startups.” As mentioned in the announcement, Airwallex Hong Kong customers will “be able to… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

December 7, 2022 @ 10:38 pm By Omar Faridi  |  

BDx Indonesia, a joint venture company of Big Data Exchange (BDx), PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), and PT Aplikanusa Lintasarta, and the largest wholesale data center and cloud-focused operations creating digital infrastructure in the Indonesian market, is pleased “to announce the appointment… Read More

December 7, 2022 @ 9:08 am By JD Alois  |  

ADDX has announced another digital security available for investors on its digital asset exchange. The most recent security is a venture debt offering by Innoven Capital – a JV between Seviora (a Temasek subsidiary) and UOB. The $50 million fund combines a fixed return as… Read More

December 6, 2022 @ 11:15 pm By Omar Faridi  |  

Global fintech platform Airwallex is pleased to announce that Kai Wu has been jointly appointed “as the company’s Chief Revenue Officer (CRO) and Asia-Pacific General Manager (APAC GM).” Kai has “held a number of senior positions at Airwallex for close to five years, including as… Read More

December 6, 2022 @ 11:26 am By JD Alois  |  

Recently global investment platform OurCrowd announced that it had topped $2 billion in capital commitments on its platform. OurCrowd is based in Israel but caters to a global market of both investors and private firms in need of growth capital. When the milestone was announced,… Read More

December 6, 2022 @ 10:53 am By JD Alois  |  

Osome has raised $25 million in Series B funding from global investors, according to a company statement. Investors include Illuminate Financial, AFG Partners, and Winter Capital.  Osome raised $16 million in Series A funding in 2021. Osome is described as a “financial admin super-platform” designed… Read More

December 5, 2022 @ 11:49 pm By Omar Faridi  |  

Tonik Financial Pte. Ltd., the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. in order “to acquire its Philippine business, operating under the brand name ‘TendoPay’.” This deal, which is “subject… Read More

December 5, 2022 @ 11:15 pm By Omar Faridi  |  

2C2P, a global payments platform and merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) “across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand.” Unlike other BNPL offerings, Pine Labs claims that… Read More