Asia

March 8, 2024 @ 7:00 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

March 8, 2024 @ 4:34 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced the commencement of Project Ensemble, a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong. The new project will seek “to explore innovative financial market infrastructure… Read More

March 8, 2024 @ 8:18 am By Omar Faridi  |  

Mox has partnered with Wise Platform in order to launch low-cost and transparent international payments. Wise (LSE:WISE) confirmed in a blog post that it is launching its new collaboration with Mox Bank Limited, a virtual bank in Hong Kong. With this integration, Mox customers can… Read More

March 7, 2024 @ 6:46 pm By Omar Faridi  |  

Rabeh Financial, a Saudi Arabia-based company that claims to be specializing in crowdfunding services and equity exchange, has recently announced during the events of LEAP24 conference, its success in closing a seed funding round of 3 million Saudi Riyals, in collaboration “with Mjalis Investment Company… Read More

March 7, 2024 @ 8:00 am By JD Alois  |  

Online investment firm Republic has announced a new partnership that will see the Fintech expand into the Middle-East. According to a note from the firm, Republic has formed a partnership with Stake, an online investment platform for real estate in Dubai. Republic claims the deal… Read More

March 6, 2024 @ 9:56 pm By Omar Faridi  |  

uqudo, the digital identity company in the MEA region, has entered into a collaboration with Tamara, a fintech platform in Saudi Arabia and the GCC region. This strategic partnership represents “a significant milestone in the financial landscape of the GCC, poised to elevate digital transactions… Read More

March 6, 2024 @ 5:21 pm By Omar Faridi  |  

Salla, which claims to be among the leading SaaS e-commerce enablers in Saudi Arabia, has raised $130 million in a Pre-IPO funding round which has been “co-led by Investcorp and Sanabil, and with the participation of STV as the largest investor.” This new investment is… Read More

March 6, 2024 @ 7:34 am By Omar Faridi  |  

To elevate its securities finance offering, CGS International Securities Pte. Ltd., an integrated financial services provider in Asia, has implemented global Fintech Broadridge Financial Solutions, Inc.‘s (NYSE:BR), Securities Finance and Collateral Management (SFCM) platform. The single platform enables CGS International “to minimize costs via automation… Read More

March 4, 2024 @ 7:03 pm By Omar Faridi  |  

STICPAY, a global e-wallet service provider and payment gateway, announces new partnerships with more than 20 Asian local payment providers in a move that makes global payments for Asia’s developing market communities more accessible, integrated, and cost-effective. Across China, India, Hong Kong, the Philippines, Singapore,… Read More

March 3, 2024 @ 8:50 pm By Michael Wong  |  

The Hong Kong Green Week – Finance Stream concluded Friday, marking the end of a series of sustainability-themed events that drew more than 1,600 participants from almost 30 jurisdictions worldwide. The week-long initiative brought together a diverse group of stakeholders, including financial institutions, corporates, central… Read More

March 2, 2024 @ 8:58 am By Michael Wong  |  

Nium, a real-time cross-border payments firm based in the United States and Singapore, has achieved a significant milestone by becoming the first non-Japanese company to be granted a Type 1 Funds Transfer Service Provider (FTSP) license by the Japanese Financial Services Agency (JFSA). The license… Read More

March 1, 2024 @ 7:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has partnered with Loop, a digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop “expand its portfolio, enhance its… Read More

March 1, 2024 @ 6:12 pm By Omar Faridi  |  

Responding to growing demand for Finance-as-a-Service propositions in the Middle East, additiv, a global enabler of Fintech and embedded finance, has announced that it is expanding its presence in Dubai, UAE by opening a new, fully operational office location in the heart of Dubai International… Read More

March 1, 2024 @ 8:53 am By Omar Faridi  |  

Qatar Investment Authority (QIA) is set to launch Qatar’s “first” venture capital (VC) Fund of Funds, a strategic investment program to foster innovation in Qatar. The Fund of Funds program will “invest more than USD 1 billion in international and regional venture capital funds.” The… Read More

February 29, 2024 @ 9:28 pm By Omar Faridi  |  

Eazy Financial Services (EazyPay), a Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa (NYSE: V), a global leader in digital payments, in order “to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer… Read More

February 29, 2024 @ 4:21 pm By Omar Faridi  |  

HashKey Technology Services Pte. Ltd., the over-the-counter trading arm of HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its Major Payment Institution licence application to provide digital payment token services. The in-principle approval from the MAS, which is described as… Read More

February 29, 2024 @ 8:21 am By Omar Faridi  |  

Adyen (AMS: ADYEN) has partnered with Qoo10, an online marketplace operated by eBay Japan. Adyen  said itwill aim to “support Qoo10 with fast and stable payment processing, particularly during peak periods.” Qoo10, a Japanese domestic marketplace, holds a large-scale sales event called “Mega Wari” every… Read More

February 28, 2024 @ 7:45 am By Omar Faridi  |  

Coincheck, Inc. (Headquartered in Shibuya-ku, Tokyo; Satoshi Hasuo, Representative Director & President) and Circle Internet Financial, LLC, a global financial technology firm and the issuer of USDC1, announced plans for a partnership to expand USDC access in the Japanese market. USDC is a fully reserved… Read More

February 27, 2024 @ 9:13 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now offering US stock trading as part of its platform. The company highlighted the benefits of this new service, including a USD $ 3.88 commission – during a promotional period, real-time quotes… Read More

February 26, 2024 @ 9:39 pm By Omar Faridi  |  

The Asian Development Bank (ADB) has announced recently that it approved a $23 million loan to enhance access “to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India.” As stated in a blog post, GIFT is a state-owned enterprise… Read More