Asia

Alibaba Group’s E-commerce Site Daraz in Pakistan to Encourage Digital Payments by Offering 10% Discount on Mondays on Purchases Made with Visa Cards

Payments giant Visa has teamed up with Pakistan’s Daraz, an online marketplace and logistics firm which operates in markets of South Asia and Southeast Asia (owned by Alibaba Group). Through the long-term, strategic partnership, the companies will introduce “Visa Mondays,” which will allow Daraz customers… Read More

Kokila Alagh: Founder of KARM Legal, Member of MENA Fintech Board, Discusses Role of Emerging Tech in Streamlining Middle Eastern Businesses

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

State Bank of India Is Now Completing Over 90% of Tasks via Digital Platforms, According to Managing Director, Ashwani Bhatia

Ashwani Bhatia, MD at State Bank of India (SBI), has said that Fintech solutions should improve the nation’s banking and payment system. Bhatia revealed that the SBI is handling 91% of its tasks via all-digital platforms, which would have been inconceivable just 35 years ago…. Read More

MENA Region Is Ideal for Fintech Startups because it’s home to Millions of Young, Tech-Savvy Consumers

The Fintech industry in the Middle East and wider MENA region has experienced significant growth during the past several years. The State of Fintech report reveals that the number of financial technology companies in the Middle East was expected to increase from around 105 in… Read More

Digital Asset Exchange Huobi to Launch Decentralized Finance Mining Campaign

Huobi Global, a leading digital asset company, will be launching a decentralized finance (DeFi) mining campaign with Phase I, which will involve staking Huobi Token (HT) and the Huobi Pool Token (HPT). Huobi noted that users may stake tokens so that they can share mining… Read More

Mobile Banking App Offered by South Korea’s Shinhan Bank Now Uses Blockchain based Decentralized ID Authentication

Blockchain-based decentralized identity authentication services (DID) could potentially replace public certificates that are used for financial services, which may include those for mobile banking. This particular use case was recently commercialized for the very first time by South Korea’s Shinhan Bank. As mentioned in a… Read More

When Will Singapore Adopt Blockchain-Based Multi-Currency Payments? In Due Course

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

Fintech Lenders in India are Trying to Implement RBI’s One-Time Loan Restructuring Scheme

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

Contactless Transactions are Expected to Double the Number of Digital Payments to $8.26 Trillion by 2024: Report

Contactless transactions are expected to double the number of digital payments to $8.26 trillion by 2024, which is a key Fintech trend that has been accelerated due to COVID-19. Businesses are increasingly using contactless technology to improve customer experience and help them make secure payments,… Read More

Fintech and Digital Solutions Provider Thales to Assist Commercial Bank of Kuwait with Offering Secure Contactless Payments

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

Zilliqa Shares Accelerator Startups Using their Speedy Blockchain

Speedy blockchain Zilliqa has announced its 2020-2021 cohort of companies participating in the ZILHive Accelerator program, a 6-month blockchain startup accelerator designed to support early and late-stage startups may use the Zilliqa protocol to build blockchain solutions. According to Zilliqa, this year’s cohort has been… Read More

Crypto.com Launches French Version of App & Exchange

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has launched a French version of its mobile and exchange. The company revealed that the debut is part of its mission of accelerating “the world’s transition to cryptocurrency.” Crypto.com also revealed that since rolling out the… Read More

Bithumb Keeps Listing New Cryptos like Polkadot (DOT), Seems like Business As Usual, but it’s Being Investigated for Fraud by South Korean Authorities

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More

Bitgate Picks BitGo For Self-Managed Custody Solution to Meet FSA Regulations in Japan

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… Read More

Digitization and Growth in India and UAE’s Fintech, Healthtech Sectors will Lead to Key Changes in Financial and Medical Services, Industry Exec Says

Sameer Nawani, Chief Representative of the Dubai Chamber’s International Office in Mumbai, has noted that the digitization and ongoing growth in technology will lead to significant changes in financial and healthcare services. Nawani, whose comments came during a recent webinar about the impact of COVID-19… Read More

Major South Korean Financial Institution, Shinhan Bank, Launches Fintech Lab, Will Also Use ICONLOOP’s Decentralized ID Solution

South Korea based Shinhan Bank, one of the nation’s largest financial institutions, has established a Fintech lab in order to work closely with other IT and financial technology firms in other countries. Shinhan Bank reportedly began remodeling its Myeongdong branch building in order to set… Read More

Tokopedia Introduces P2P Lending Platform, As Indonesian Government Investigates How Millions of Company’s Customer Data Records were Compromised

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

Asian Fintech GoBear Reportedly Lays Off 22 Employees, after Securing $17 Million in Capital in May 2020

Asian Fintech firm GoBear, which secured $17 million in capital in May 2020 to expand operations, has reportedly decided to lay off 22 staff members – which includes 6 workers based in Singapore. GoBear’s management has also laid off employees based in Ukraine, Vietnam, and… Read More

Ant Group Announces New Dates For Inaugural INCLUSION Fintech Conference

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

Delivery Hero, a MENA Region Online Delivery Service, Partners Mastercard to Digitize Entire Payments Process

Delivery Hero, a Berlin-based online delivery platform operating in the Middle East, has teamed up with Mastercard in order to digitize its entire payment process across all its products offered to MENA region customers. Delivery Hero app users will have the option to pay for… Read More

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