Asia

TransferWise Goes Big. Sets up Office in Singapore for Asian Expansion & Global Domination

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

China: WeiyangX Fintech Review

CBRC Releases Documentation to Regulate Small Cash Loans Market This week, China Banking Regulatory Commission released a documentation “Guidelines on risk prevention and control in banking industry” to regulate the small cash loans market by perfecting the in-out mechanisms, paying more attention to the supervision… Read More

Two New Partnerships Announced Involving Singapore Fintech

This week, two separate partnerships involving Fintech education were announced in Singapore. Visa announced it has partnered with the Singapore Fintech Association and five local polytechnic schools to nurture future talent through a series of engagements with students from the schools. IBM also announced this week… Read More

KPMG: $3.2 Billion in Fintech Deals During Q1 as 2017 “Starts Modestly”

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

China Credit FinTech Leads US$50M Series A in Singapore Life

Life insurance startup Singapore Life Pte Ltd announced it has raised over US$50 million in its Series A round of funding. The bulk of the investment came from a subsidiary of China Credit FinTech Holdings Limited, a Hong Kong Stock Exchange-listed company. UK-based investment firm… Read More

Now Available in China: Global Fintecher Payza Reveals New E-Wallet Options

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

South Korean Life Insurance Company Kyobo Life Tests Blockchain

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology for the money payments of commercial insurance. This new project aims to create a foundation for promoting the Internet of Things (IoT) infrastructure in South Korea. This government sponsored… Read More

GOKey: Details Revealed on Collapse of High Profile Indiegogo Hardware Campaign

This is a cautionary tale not just for backers of ostensible promising hardware presales campaigns but for hardware creators with little to no experience on manufacturing and shipping hardware from Asia. GOKey, a rewards based project posted on Indiegogo in 2014, raised over $1.2 million… Read More

Humaniq Forms New Cryptocurrency Partnership With BOScoin

Blockchain tech company, Humaniq, announced on Tuesday it has officially formed a new cryptocurrency partnership with BOScoin. with South Korean cryptocurrency platform, BOScoin. The partnership will allow both companies to share strategy resources in technology while BOScoin will support Humaniq’s Asia expansion and Humaniq will support BOScoin’s… Read More

Lykke Adds Seamus Donoghue as Head of Singapore

Switzerland-based Fintech firm Lykke has announced it is “accelerating growth” by appointing Seamus Donoghue as Director of its Singapore office.  Lykke now has a presence in Switzerland, the UK, Cyprus, Vanuatu, the US and now Singapore.  Lykke is in the process of building a global… Read More

NextTech Aims To Be Vietnam’s Alibaba

E-commerce company NextTech, which is based out of Hanoi, Vietnam, is aiming to become its country’s version of Alibaba. Alibaba, of course, is China’s e-commerce and technology (including Fintech) juggernaut that helped the country surpass the US in mobile payments by more than 50 times. Can… Read More

Hong Kong Eyeing to Overtake Singapore as Asia’s Premier Fintech Hub

According to several reports, fintech in Asia reached record numbers in 2016. Singapore, in particular, has seen huge growth the last few years and has long proclaimed itself as the premier fintech hub in Asia. Some of the reasons why Singapore has been able to establish itself… Read More

IBM Teams Up With NUS to Promote Fintech & Blockchain Training in Singapore

The National University of Singapore (NUS) School of Computing and the IBM Center for Blockchain Innovation (ICBI), a part of IBM Research, announced on Tuesday they are collaborating to develop a module on fintech, which is set to better equip students with essential knowledge and skill sets in this area…. Read More

National Bank of Canada Invests in Myanmar Fintech Company ONGO

Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More

India Mobile Payment Buzz: Potential MobiKwik FreeCharge Merger

According to multiple new sources, MobiKwik and FreeCharge are considering an all-stock deal merger. Post-merger, the platform also anticipates an additional $200 million (nearly Rs 1,300 crore) injection from an unnamed Chinese investor. FreeCharge, part of online marketplace Snapdeal, has reportedly been seeking a buyer for some time, having recently… Read More

Woomentum Coming to Vietnam

The Singapore based platform, Woomentum, has announced its plan to expand into the emerging market in Vietnam. Woomentum, founded by Mouna Aouri, is a crowdfunding site that focuses on female entrepreneurs, providing them with support during the most difficult stage of the start-up processes. Their website states:… Read More

BBD-FNB Partners with Crowdsurfer and Academy of Internet Finance on Global Crowdfunding Index

BBD-FNB Ltd., a China based big data provider has created a “Global Crowdfunding Index” in partnership with Crowdsurfer and the Academy of Internet Finance (AIF) at Zhejiang University and headquartered in Hangzhou. BBD (Business Big Data) is a founding member of AIF. The Index is said… Read More

ASIC and OJK Sign Fintech Agreement Promoting Innovation

In an attempt to promote innovation in their financial service markets, the Australian Securities and Investment Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered into a Fintech Cooperation Agreement. Stated in a release Friday the 21st in Melbourne, the agreement creates a framework for collaboration… Read More

DeClout Incubator Launched to Support Singapore Fintech Startups

DeClout (SGX:5UZ) has launched a new incubator program designed to help local Fintech startups. Announced today, the program has been launched via its wholly-owned subsidiary, DeClout Investments Pte. Ltd. Under its incubation program DeClout will mentor early-stage startups and help them in product development, proof-of-concept,… Read More

Huge: Alipay & WeChat Payments Have Risen from $81 Billion in 2012 to $2.9 Trillion in 2016

The UN sponsored Better than Cash Alliance is out with an interesting report on Fintech and payments in China. The Alliance partners with governments, companies, and international organizations that are the key drivers behind the transition to make digital payments widely available around the globe…. Read More