Asia

June 24, 2024 @ 3:14 pm By Omar Faridi  |  

Pyypl (pronounced “People”) – a fintech company in the MEA region, has announced its Principal License Membership and strategic framework agreement with Visa (NYSE: V). The partnership with Visa is said to be a testament to Pyypl’s mission “to democratize access to financial services, its… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 23, 2024 @ 10:19 pm By Omar Faridi  |  

AMINA Bank, a licensed and FINMA-regulated digital assets bank, has announced the launch of the AMINA Payment Network (APN). Designed to address the needs of the crypto banking world, APN helps “to facilitate real-time payments to other APN members.” This new service aims to keep… Read More

June 23, 2024 @ 9:26 pm By Omar Faridi  |  

WeLab, a pan-Asian fintech platform, announced strategic actions in Southeast Asia markets and Hong Kong to propel growth, scale and profitability. These initiatives are fortifying a robust foundation to support WeLab’s accelerated growth. WeLab’s overseas expansion strategy is “on the fast track as its Hong… Read More

June 23, 2024 @ 8:53 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has released its payment card statistics for the first quarter of 2024, revealing a steady rise in credit card usage and a mixed performance in debit card transactions. As of the end of Q1 2024, the total number of… Read More

June 23, 2024 @ 7:55 pm By Michael Wong  |  

India’s fintech sector is making significant strides, with the future unicorns currently valued at $58 billion, marking a 1.8% increase from the previous year. The latest ASK Private Wealth Hurun India Future Unicorn Index 2024, released by the Hurun Research Institute, showcases notable advancements and… Read More

June 23, 2024 @ 6:51 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, highlighted the importance of digitalization in enhancing rural bank operations during the Rural Bank Strengthening Program (RBSP) Technology and Innovation Forum. BSP Governor Eli M. Remolona, Jr. said the forum aimed to address… Read More

June 23, 2024 @ 11:48 am By Omar Faridi  |  

Amid increasing positive sentiment about the business climate1, Airwallex has launched its ‘Airwallex for Startups’ program in Singapore to further empower the city-state’s community of over 55,000 startups. The program aims to empower startups “to grow and scale their businesses, offering them tips and tools… Read More

June 22, 2024 @ 10:32 pm By Omar Faridi  |  

Brankas and Global Finteq announced a partnership to launch one of the first Lending-as-a-Service (LaaS) platforms in the Philippines. Established banks, rural banks, and even non-traditional financial institutions are “now able to lend at scale as existing loan products can now exist outside of the… Read More

June 22, 2024 @ 9:44 pm By Michael Wong  |  

Indonesia’s government is stepping up its efforts to curb online gambling through a newly formed task force announced by Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto. The task force aims to sever access to international online gambling platforms and closely monitor associated… Read More

June 22, 2024 @ 5:41 pm By Michael Wong  |  

Southeast Asia’s tech sector has experienced a pronounced slowdown in funding during the first half of 2024, securing only $1.6 billion—a sharp 65% decline from the $4.5 billion raised in the same period last year, according to Tracxn’s latest “Geo Semi-Annual Report: SEA Tech H1… Read More

June 21, 2024 @ 6:06 pm By Omar Faridi  |  

Laser Digital has reportedly received Financial Services Permission from ADGM’s Financial Services Regulatory Authority to provide services in both traditional and digital assets. Laser Digital (AD) Limited, is pleased to announce that the Financial Services Regulatory Authority of Abu Dhabi has “approved the issuance of… Read More

June 20, 2024 @ 3:22 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has “integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client… Read More

June 20, 2024 @ 9:55 am By Omar Faridi  |  

Tether, which claims to be one the largest companies in the cryptocurrency industry, announced that it is teaming up with the National Taipei University of Technology (NTUT), also known as Taipei Tech “to enhance blockchain and digital asset education in the region.” This initiative aims… Read More

June 19, 2024 @ 9:35 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia. The FTC commemoration event was “held at Istana, Singapore, and was presided over by Lawrence WONG, Prime Minister… Read More

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

June 17, 2024 @ 10:04 pm By Omar Faridi  |  

barq, a digital wallet for consumers and businesses in the Kingdom of Saudi Arabia, and Thunes, a global money movement innovator, announce the signing of a Memorandum of Understanding (MOU) to expand international money transfer opportunities for barq’s users. In the partnership, Thunes will provide… Read More

June 17, 2024 @ 8:27 pm By Omar Faridi  |  

The Saudi Central Bank SAMA released the Annual Performance Report of the Saudi Finance and Real Estate Refinance Companies Sector for the year 2023. The report highlighted the sector’s developments and financials “during 2023, where the paid-up share capital for finance companies sector increased by… Read More

June 16, 2024 @ 3:59 pm By Michael Wong  |  

Mbanq has announced a strategic partnership with IG Tech Cambodia, a Fintech developer in Southeast Asia, to create IG Finlink Cambodia, with Mbanq holding a majority ownership stake. The alliance signifies Mbanq’s ambitious expansion into the ASEAN banking technology and Banking-as-a-Service (BaaS) markets. Initially focusing… Read More

June 15, 2024 @ 10:19 pm By Michael Wong  |  

The Securities Commission Malaysia (SC) has released the first edition of the ‘Practical Guide on Venture Capital and Private Equity in Malaysia’ early this week, aiming to clarify the Malaysian policy landscape for fund managers, service providers, and investors in these sectors. The guide provides… Read More