Asia

June 4, 2020 @ 10:47 pm By Omar Faridi  |  

India’s only publicly-listed Fintech company, 5paisa, revealed on June 3, 2020 that it would be giving its workers a 15% raise on their salaries and will also be offering advance bonus payouts in order to improve or boost employee morale. 5paisa’s generous move has come… Read More

June 4, 2020 @ 1:43 pm By Samantha Hurst  |  

Ground X, the blockchain subsidiary of the leading South Korean mobile platform, Kakao, announced on Wednesday the launch of its digital asset wallet, Klip. According to Ground X, Klip offers users the opportunity to experience digital asset on their mobile devices. The wallet is available… Read More

June 4, 2020 @ 9:00 am By Omar Faridi  |  

Delta Exchange, a digital asset derivatives exchange that maintains business offices in Singapore, has launched interest rate swaps (IRS) on cryptocurrency rates. As mentioned in a release shared with CI: “These swaps will be available on Defi rates, flash rates on Bitfinex, and interest rates… Read More

June 4, 2020 @ 9:00 am By JD Alois  |  

Paxful, a peer-to-peer Bitcoin marketplace, has recently entered India – a country that has recently seen a change in rules that have enabled crypto exchanges to operate thus opening the door to a huge market. Paxful states that an in-house survey about the future potential… Read More

June 3, 2020 @ 11:57 pm By Omar Faridi  |  

The management at RRMine, a global distributed Bitcoin hashrate asset management platform that maintains offices in Hong Kong, notes that blockchain or distributed ledger technology is moving past the early days of digital currency and smart contracts, and is now increasingly focused on the development… Read More

June 3, 2020 @ 10:45 pm By Omar Faridi  |  

CoinSwitch.co, an established aggregator of digital asset exchanges in India, recently introduced CoinSwitch Kuber, which is the Indian Rupee (INR) cryptocurrency exchange mobile app designed specifically and “exclusively” for the Indian market. This launch has come during very challenging times as the world tries to… Read More

June 3, 2020 @ 9:54 pm By Omar Faridi  |  

Venture capital investments have been increasing steadily in Latin and South America, Southeast Asia, and India. Last year was particularly notable because of considerably more venture investments allocated towards emerging private capital markets, including Southeast Asia, Latin and South America, India, Central Eastern Europe, and… Read More

June 2, 2020 @ 11:19 am By JD Alois  |  

Alibaba (NYSE:BABA), one of the largest tech firms in the world, has announced a new shipping service that includes a trade financing option. The financing is provided in partnership with MTS a Fintech that offers “credit as a service.” Alibaba Freight seeks to engage with… Read More

June 2, 2020 @ 10:31 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has recently created a section of its website outlining the support programs for domestic Fintechs. Singapore has long advocated on behalf of innovation in financial services and MAS has a long history of public-private partnerships in support of the… Read More

June 2, 2020 @ 1:33 am By Omar Faridi  |  

United Arab Emirates (UAE)-based Rise, a Fintech firm that offers various financial services to low-income migrants in the Middle East region and recently acquired $1.4 million in capital for ongoing development, has partnered with Pakistani e-commerce firm HomeShopping.pk. Through the partnership, the companies will launch… Read More

June 1, 2020 @ 11:45 pm By Omar Faridi  |  

Indonesia’s Fintech sector has been growing steadily, however, the majority or over 70% of the country’s adult population is unbanked or underbanked, according to the latest e-Conomy SEA Report. This suggests that Fintech businesses in Indonesia have a good opportunity to provide modern financial services… Read More

June 1, 2020 @ 5:33 pm By JD Alois  |  

The new 5G mobile technology stands to boost financial inclusion in Asia, according to a prediction distributed by Robocash Group. The online lender says that about 3 million of the unbanked and underbanked will gain access to financial services in both Vietnam and the Philippines… Read More

June 1, 2020 @ 5:13 pm By Omar Faridi  |  

Zebpay, a digital currency wallet and exchange provider that began its relaunch in India earlier this year, will be working with blockchain security and analysis firm Chainalysis to monitor crypto-asset transactions performed across its platforms for Indian consumers. Chainalysis had already been providing its Know… Read More

June 1, 2020 @ 10:52 am By JD Alois  |  

  BHIM, or Bharat Interface for Money, an India based payment app may have experienced a massive data leak according to a post by VPNMentor. The site claims that a misconfigured AWS S3 Bucket has exposed the information of over 7 million individuals. BHIM has… Read More

May 31, 2020 @ 10:24 pm By Omar Faridi  |  

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

May 31, 2020 @ 2:29 pm By Xu Gao  |  

China’s Top Financial Authorities Roll Out 11 Financial Reform Measures On May 27th, the Office of the Financial Stability Development Committee of the State Council issued a press release that the Development and Reform Commission, the Ministry of Finance, People’s Bank of China, China Banking… Read More

May 30, 2020 @ 7:47 pm By Omar Faridi  |  

  Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base. Pylarinou confirms that the valuations of later-stage Fintech companies have… Read More

May 30, 2020 @ 4:22 pm By Omar Faridi  |  

China Merchants Port, the largest port operator in the country, has teamed up with e-commerce giant, Alibaba Group (NYSE:BABA), and its Fintech-focused subsidiary, Ant Financial. Through the partnership, the companies will work towards developing a blockchain or distributed ledger technology (DLT)-enabled platform, which will aim… Read More

May 29, 2020 @ 11:00 pm By Omar Faridi  |  

Bank Central Asia, or BCA, (PT Bank Central Asia Tbk), an Indonesian bank that overtook Singapore’s DBS Bank (in 2016) as Southeast Asia’s largest lender by value, with a market cap of about $24.5 billion, has reported a significant increase in its digital banking transactions… Read More

May 29, 2020 @ 9:58 pm By Omar Faridi  |  

Global Impact Fintech (GIFT), a multinational non-profit think tank of government, regulatory, industry, technology and financial technology professionals from over 35 countries (including India and Singapore), continues to expand its presence across the globe. GIFT is a forum that brings together policymakers and Fintech, general… Read More