Asia

September 14, 2021 @ 11:51 am By Omar Faridi  |  

DBS (SGX:D05) has introduced real-time online tracking of cross-border collections for companies in India through a partnership with SWIFT Global Payments Innovation (gpi). DBS is reportedly first bank in India and the Asia-Pacific region to provide this service to customers, which should benefit around 4,000… Read More

September 14, 2021 @ 10:40 am By Omar Faridi  |  

The Coronavirus crisis has led to an international surge in digital commerce sales and online or all-digital businesses, as nationwide lockdowns have forced customers to engage with e-commerce platforms. As consumers continue to use digital commerce platforms and make cashless payments with virtual cards and… Read More

September 14, 2021 @ 7:37 am By Omar Faridi  |  

Hedera Hashgraph, the “most used,” sustainable, enterprise-grade public network for the decentralized economy, reveals that the Indian Institutes of Technology Madras (IITM) has become the latest member of its Governing Council. The technology-focused University has joined a rotating Council of “up to” 39 international  organizations… Read More

September 14, 2021 @ 7:34 am By Omar Faridi  |  

Switzerland-based vestr, a platform that fully digitizes the life-cycle management of actively managed investment products, has reportedly expanded its business operations to Singapore, after teaming up with Julius Baer via F10’s Fintech incubator program. As noted by its management: “Julius Baer is the international reference… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 9:39 pm By Omar Faridi  |  

The National Institutional Facilitation Technologies (in Pakistan) and its business and tech partner TPS Worldwide, have introduced “NIFT ePay,” which is the nation’s all-inclusive payment gateway supporting business solutions beyond payments. As mentioned in a release, NIFT ePay supports digital commerce payments by aggregating different… Read More

September 13, 2021 @ 9:31 pm By Omar Faridi  |  

The total number of point-of-sale (POS) and digital commerce transactions in Bahrain increased by 65% in August 2021 YoY, reaching an aggregate value of almost $744 million during the month, after topping $3.62 billion during H1 2021, the Central Bank of Bahrain has revealed. According… Read More

September 13, 2021 @ 9:28 pm By Omar Faridi  |  

China has reportedly introduced the Wealth Management Connect (WMC) along with Hong Kong and Macau in order to conduct cross-border investments in various wealth management products distributed by banking institutions in the region. The Wealth Management Connect trading scheme will be handling 300 billion yuan… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

September 13, 2021 @ 6:19 pm By JD Alois  |  

Making certain a person or business is actually who or what they claim to be is very important. In a world that has migrated to virtual offices and digital meetings, the task of validation is an even greater necessity. AsiaVerify is a Regtech firm based… Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More

September 12, 2021 @ 9:31 pm By Xu Gao  |  

Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Beijing would give priority to the development… Read More

September 12, 2021 @ 7:24 pm By Tony Zerucha  |  

Singapore-based digital asset exchange SDAX has obtained its Recognized Market Operator (RMO) license from the Monetary Authority of Singapore (MAS) to operate a digital asset exchange, the company said this week. SDAX believes the use of blockchain in capital markets will create new opportunities for… Read More

September 12, 2021 @ 3:20 pm By Omar Faridi  |  

BlueOrchard Finance, a Switzerland-based impact investment manager, and the Asian Development Bank (ADB) have entered a $50 million risk-sharing agreement for microfinance coverage in ADB’s developing member countries (DMCs). The firm is reportedly the first impact investment manager to work closely with the ADB’s microfinance… Read More

September 12, 2021 @ 3:17 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) revealed on Friday (September 9, 2021) that it has made an enhancement to its suite of market data offerings, with the launch of an updated mobile market data subscription service. The newly introduced service, which is set to… Read More

September 12, 2021 @ 1:32 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed its “unaudited” financial results for the quarter and “ended June 30, 2021.” As noted in a release by Qudian, some of the Q2… Read More

September 8, 2021 @ 2:29 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has announced the acquisition of buy now, pay later (BNPL) firm Paidy for $2.7 billion (¥300 billion) – mainly in cash. BNPL services have boomed in popularity as the services has emerged as an alternative to expensive credit card transactions. Paidy offers… Read More

September 8, 2021 @ 7:34 am By Omar Faridi  |  

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

September 7, 2021 @ 11:57 pm By Omar Faridi  |  

We recently caught up with Haobo Ma, the CEO and Founder at blockchain platform aelf – which is powered by Cloud computing. Ma talked about his approach to cryptocurrency investments and how he got involved in the space back in 2010, which was when he… Read More

September 7, 2021 @ 10:49 pm By Omar Faridi  |  

Kita Jaga, a digital social mobile app meant for supporting individual consumers and families that may have been affected by the COVID-19 crisis, is planning to secure RM 200,000 (appr. $48,500) via a charity crowdfunding campaign to be conducted on GlobalSadaqah. GlobalSadaqah is an Islamic… Read More