Asia

September 5, 2024 @ 12:05 pm By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, and Reku, a crypto exchange platform, are pleased to announce a strategic collaboration to broaden Indonesians’ understanding of crypto assets and blockchain technology. This initiative will be executed… Read More

September 5, 2024 @ 11:12 am By Omar Faridi  |  

Ripple, the provider of digital asset infrastructure, announced that Yonsei University in South Korea is the latest partner to join its University Blockchain Research Initiative (UBRI) program. This new partnership with one of South Korea’s academic institutions “marks Ripple’s 58th UBRI partnership globally, and its… Read More

September 4, 2024 @ 10:42 pm By Omar Faridi  |  

Ziina, the UAE’s financial platform supporting consumers and businesses, announced that it has raised $22 million in a Series A round led by Altos Ventures. Other investors participating in this investment round reportedly “include Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP,… Read More

September 4, 2024 @ 8:07 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and… Read More

September 4, 2024 @ 8:02 pm By Omar Faridi  |  

BillEase, the digital consumer finance platform in the Philippines, today announced TPG’s The Rise Fund has signed definitive documentation to lead a significant strategic investment in the company. With the investment, The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, is leading… Read More

September 3, 2024 @ 11:05 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $130 million in Asialink Finance Corp, a prominent lender to small and medium enterprises (SMEs) in the Philippines. The financing package, aimed at bolstering Asialink’s lending… Read More

September 2, 2024 @ 9:54 pm By Omar Faridi  |  

We recently caught up with Terence Kwok, CEO and Founder of Humanity Protocol. Terence Kwok spearheads Humanity Protocol, an organization dedicated to amplifying human potential amidst the transformative impact of artificial intelligence. He is a technology entrepreneur from Hong Kong and the CEO and founder… Read More

September 2, 2024 @ 1:51 pm By Omar Faridi  |  

In line with the Third Financial Sector Strategy issued by Qatar Central Bank, the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) have announced the launch of the QFC Digital Assets Framework, a comprehensive and innovative regime for the creation and… Read More

September 2, 2024 @ 12:50 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce the collaboration between Chainkeeper, its Crypto AI-powered Investigator, and the Burrito Wallet. The joint venture between Chainkeeper and Burrito Wallet is… Read More

September 2, 2024 @ 11:57 am By Omar Faridi  |  

Alpha Financial Markets Consulting (Alpha FMC), a global provider of specialist consultancy services to the financial services industry, is pleased to announce the opening of a new branch in Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital. With this new… Read More

September 2, 2024 @ 10:49 am By Omar Faridi  |  

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard (NYSE: MA)  announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s… Read More

September 2, 2024 @ 10:22 am By Omar Faridi  |  

Ant International announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed “at fostering… Read More

September 2, 2024 @ 9:06 am By Omar Faridi  |  

OKX, a global crypto exchange and Web3 technology company, announced that its local entity, OKX SG Pte. Ltd., received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG. The license granted under… Read More

September 2, 2024 @ 7:27 am By Omar Faridi  |  

Industry veteran and Pine Labs’ Chief Transformation Officer Sumit Chopra transitions to a new role of COO – Pine Labs, Digital Payments. In this new role, Sumit will lead the digital payments business “for the company and will spearhead sales, customer experience, and operational excellence.”… Read More

September 1, 2024 @ 8:51 pm By Michael Wong  |  

Ant International has launched a strategic initiative to enhance financial inclusion in Brazil by partnering with Latin American payments and banking tech firm Dock. The partnership seeks to deliver AI-driven credit technology solutions to improve credit management and infrastructure efficiency for various clients, including financial… Read More

September 1, 2024 @ 5:44 pm By Michael Wong  |  

Singapore’s banking sector has emerged as a leader in decarbonisation policies among advanced economies in Asia, according to a recent report by Asia Research and Engagement (ARE), a sustainability-focused consulting firm. The report evaluated the climate goals and decarbonisation strategies of nine banks across Singapore,… Read More

September 1, 2024 @ 2:56 pm By Omar Faridi  |  

UP Fintech Holding Limited (NASDAQ: TIGR), an online brokerage firm focusing on global investors, announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech said the second quarter saw trading volumes increase by… Read More

September 1, 2024 @ 10:07 am By Omar Faridi  |  

Helicap has raised $4.3 million in Series B funding that has been led by Kenanga Investors. Helicap, a fintech investment platform, has acquired $4.3 million via its Series B  round, as disclosed in regulatory filings. Kenanga Investors, which is a subsidiary of Malaysia-based Kenanga Investment… Read More

August 31, 2024 @ 6:11 pm By Michael Wong  |  

The adoption rate of financial technology (fintech) in the Philippines is projected to rise significantly, with 79.5% of the population aged 15 and above expected to be using fintech mobile apps by the end of 2024, according to a new analysis by consumer credit service… Read More

August 31, 2024 @ 6:09 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) announced the conclusion of an investigation and subsequent disciplinary proceedings against WeChat Pay Hong Kong Limited (WPHK), resulting in a fine of HK$875,000 ($112,000). The penalty is imposed for violations under the Payment Systems and Stored Value Facilities Ordinance… Read More