Asia

April 24, 2022 @ 9:36 pm By Omar Faridi  |  

The UAE Trade Connect (UTC) is pleased to confirm that the Abu Dhabi Commercial Bank (ADCB) has joined its consortium of UAE banks “utilizing its blockchain platform to help de-risk trade finance.” UTC is the Fintech blockchain platform of e& enterprises, from e& (formerly known… Read More

April 24, 2022 @ 9:10 pm By Omar Faridi  |  

Chargebee, the subscription management platform, recently revealed it has teamed up with Razorpay, India’s full-stack financial solutions firm, in order to provide subscription billing services across the country. The collaboration confirms Chargebee’s ongoing commitment to customer growth and globalization with expanded capabilities to address complex… Read More

April 23, 2022 @ 5:53 pm By Omar Faridi  |  

Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from Dubai International Financial Centre (DIFC). DFSA is the independent regulator of financial services in DIFC, which claims to be “the leading global financial center”… Read More

April 22, 2022 @ 2:33 pm By Omar Faridi  |  

hoolah, which claims to be Asia’s leading omnichannel ‘Buy Now Pay Later’ (BNPL) platform, recently announced its partnership with Primer, the “first” no-code automation platform for payments and commerce, “allowing merchants in Singapore, Malaysia, and Hong Kong to integrate hoolah’s BNPL solution, while providing consumers… Read More

April 21, 2022 @ 10:15 pm By Omar Faridi  |  

Abhi, which claims to be Pakistan’s “first-ever” financial wellness platform, enabling employees to access accrued salary in advance, recently announced the completion of a $17 million Series A raise. As noted in an update shared with CI, the fund raise was led by VC  firm… Read More

April 20, 2022 @ 9:45 pm By Omar Faridi  |  

In the APAC region, regulatory authorities have reportedly been working on frameworks and guidelines in order take account of various products and services that are being launched due to ongoing Fintech innovation and the rise of emerging technologies. However, with the COVID crisis significantly accelerating… Read More

April 20, 2022 @ 4:16 pm By Omar Faridi  |  

Australia Treasury and the Monetary Authority of Singapore (MAS) recently signed the Australia-Singapore Fintech Bridge Agreement in order “to strengthen cooperation between the Fintech ecosystems of both countries.” The commencement of discussions to develop the Fintech Bridge was “announced in June 2021, when Australian Prime… Read More

April 20, 2022 @ 11:09 am By JD Alois  |  

ADDX, a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody, and secondary trading of digital securities, along with Singtel and UOB have priced Singapore’s largest foreign currency digital bond, to date. Digital bonds, or tokenised bonds, are issued… Read More

April 20, 2022 @ 12:50 am By Omar Faridi  |  

If you’re an Indian exporter, then you may need to care about the European market, according to an update from Razorpay. The European Union is reportedly India’s second-largest destination for exports and is India’s third-largest trading partner, “accounting for €62.8 billion worth of trade in… Read More

April 19, 2022 @ 10:46 pm By Omar Faridi  |  

Paymob, which is MENA region’s virtual payments provider, has announced a strategic relationship with Bank Alfalah, in one of Pakistan’s largest Fintech partnerships “to date.” Paymob’s partnership with one of Pakistan’s major private banks will aim to “drive financial inclusion and lead the way for… Read More

April 19, 2022 @ 9:57 pm By Omar Faridi  |  

LegalPay, an India-based litigation and interim finance provider, has teamed up with Florida-headquartered hedge fund Naples Global in order to introduce a $5 million fund for founders so they can protect their rights during board-related disputes. The new fund has mainly committed $5 million (appr…. Read More

April 19, 2022 @ 9:49 pm By Omar Faridi  |  

UOB Malaysia confirmed that it will be appointing Ng Wei Wei as their very first female Chief Executive Officer, effective from May 1, 2022 and onwards. Ng Wei Wei will reportedly be succeeding Wong Kim Choong, who will leave the role after leading the banking… Read More

April 19, 2022 @ 4:07 pm By Omar Faridi  |  

CoinDCX, which is among India’s leading players in the cryptocurrency sector, has finalized an oversubscribed round, over $135 million, in their Series D funding. The investment round was led by Pantera and Steadview along with contributions from investors such as Kingsway, DraperDragon, Republic, and Kindred…. Read More

April 18, 2022 @ 10:42 pm By JD Alois  |  

Thunes has purchased a majority stake in Tookitaki Holding Pte Ltd. According to a statement from Thunes, the company invested over $20 million Thunes is a Singapore-based payments Fintech. Tookitaki is a compliance firm providing anti-money laundering (AML) and know your customer (KYC) services, as… Read More

April 18, 2022 @ 8:10 am By JD Alois  |  

Ant Group, an offshoot of Alibaba and the owner of the largest payment platform in China – Alipay, has partnered with 2C2P – a global payments platform. Simultaneously it was announced that Ant Group will become the majority shareholder of 2C2P upon completion of the… Read More

April 17, 2022 @ 11:57 pm By Omar Faridi  |  

Merchant commerce platform, Pine Labs recently announced that it has made a “significant” majority investment into Mosambee, an end-to-end payment solution provider in India. This investment by Pine Labs will now “value Mosambee at upwards of USD 100m.” Amrish Rau, CEO at Pine Labs, said:… Read More

April 17, 2022 @ 11:56 pm By Omar Faridi  |  

Retailers in Singapore can now accept digital payment tokens (DPT), through a new cryptocurrency payment solution introduced by Singapore-based Major Payment Institution FOMO Pay. The new payment method intended for retailers is reportedly “the first such to be developed by a Digital Payment Token (DPT)… Read More

April 17, 2022 @ 5:17 pm By Omar Faridi  |  

Funding Societies, which claims to be Southeast Asia’s largest SME digital financing platform, recently announced that it has teamed up Dedoco, a “decentralized” digital document and workflow management platform, in order “to become one of the first FinTech platforms to enable micro, small and medium… Read More

April 15, 2022 @ 10:21 am By JD Alois  |  

Terraform Labs has completed a “mind-blowing transaction” according to a blog post as it donates 10 million $LUNA at a value of around $880 million. TFL has gifted an additional 10 million $LUNA to the @LFG_org. https://t.co/tNirkgGGm0 — Terra 🌍 Powered by LUNA 🌕 (@terra_money)… Read More

April 14, 2022 @ 10:36 am By Omar Faridi  |  

Fasset, an international digital asset gateway, has announced its entrance into the European Union after it secured a cryptocurrency authorization. With the authorization, Fasset will strengthen its global operations “to serve the growing digital asset sector in the EU market and beyond.” Fasset previously “secured… Read More