Asia

November 28, 2022 @ 10:17 pm By Omar Faridi  |  

ABA Bank, which claims to be Cambodia’s leading financial institution, has become the first bank in the country “to launch instant card issuance kiosks using Compass Plus Technologies solutions.” This new service “enables the issuance of international debit cards (Visa, Mastercard, and UnionPay) and local… Read More

November 28, 2022 @ 9:27 pm By Omar Faridi  |  

A total of 1,456 venture capital (VC) funding deals worth $19.3 billion were announced in India during January to October 2022, which is a 7.5% growth in deal volume but 29.8% decline in deal value compared to the same period last year,” finds GlobalData, a… Read More

November 27, 2022 @ 10:58 pm By Omar Faridi  |  

The bankruptcy of cryptocurrency exchange FTX has “highlighted the risk of crypto investment with a number of investors having to write off their losses” including Singapore state investment firm Temasek Holdings (Private) Ltd. The company recently announced that “it would write off $275 million invested… Read More

November 27, 2022 @ 9:25 pm By Omar Faridi  |  

Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.” The partnership will “enable Xiaomi to greatly simplify the payment process to support its global payment strategy and development… Read More

November 27, 2022 @ 3:58 pm By Omar Faridi  |  

Thunes, a global cross-border payments network, announced that it has partnered with Tencent Financial Technology, Tencent’s fintech arm, “becoming the first payment infrastructure partner connecting with it.” This collaboration will “allow members of Thunes‘ global network to send international payments to Weixin users, giving them… Read More

November 26, 2022 @ 7:36 pm By Omar Faridi  |  

UAE-headquartered fintech Qashio has raised $10 million in a seed round, “with participation from strategic international and regional investors to accelerate expansion into the Kingdom of Saudi Arabia.” The investment round is “supported by global investors such as One Way Ventures (early investors in Brex),… Read More

November 26, 2022 @ 6:31 pm By Omar Faridi  |  

QUANTIFEED, the provider of digital wealth management solutions, announces that it has acquired ALPIMA, a London-based portfolio construction, visualisation, and analytics fintech company. Alex Ypsilanti, Co-Founder and CEO of Quantifeed, said: “We are very excited about bringing together two hugely talented teams of financial engineers… Read More

November 26, 2022 @ 9:01 am By Omar Faridi  |  

The UK and Singapore have agreed a new MoU “boosting fintech trade and cooperation at their 7th Financial Dialogue in Singapore.” The UK and Singapore agree a Memorandum of Understanding (MoU) “on the UK–Singapore FinTech Bridge to remove barriers to fintech trade and boost cooperation.”… Read More

November 25, 2022 @ 4:20 pm By Omar Faridi  |  

Sygnum, which claims to be the world’s first digital asset bank and first Swiss bank to open a hub in the metaverse, leverages its oversubscribed USD 90m Series B “to expand internationally into Abu Dhabi’s high-growth crypto-hub.” In addition to this, Sygnum is further strengthening… Read More

November 25, 2022 @ 12:22 pm By Omar Faridi  |  

Experian – which claims to be a leading global information services company – has announced its official appointment by the Singapore FinTech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group “as the bureau operator for Singapore’s BNPL Working Group.” The appointment “involves… Read More

November 24, 2022 @ 8:32 pm By Omar Faridi  |  

CoverGo, the global no-code insurance SaaS platform for P&C, health, and life, is expanding to the Middle East “after a US$15 million Series A funding, with a Middle East insurance fund Noria Capital joining as one of the strategic investors.” CoverGo has been “adopted by… Read More

November 24, 2022 @ 7:34 pm By Omar Faridi  |  

Network for Electronic Transfers (NETS) has announced the launch of the NETS Prepaid Card, which is described as its first “smart” stored-value card for retail and transit. There is reportedly no minimum age, income requirement, annual subscription fees or credit checks needed for the purchase… Read More

November 24, 2022 @ 2:33 pm By Omar Faridi  |  

UOB EVOL cardholders will now be able “to offset 100 per cent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card, via a new exclusive feature jointly launched by UOB and SP… Read More

November 24, 2022 @ 2:26 pm By Omar Faridi  |  

Ta3meed, which claims to be the “only” Purchase Orders (PO) financing platform in Saudi Arabia has selected Moneythor as a partner for its digital banking & loyalty management platform “to implement smart loyalty features in its innovative Islamic financing solution.” In line with Saudi Arabia’s… Read More

November 23, 2022 @ 7:31 pm By Omar Faridi  |  

The international remittances company, Tempo France and the Spanish company Elsa Care Technologies (Elsa.care) have launched money transfers to the Philippines. Clients are now able “to send money through the Elsa.care’s app to the recipients’ bank accounts in this country.” The integrator of the technical… Read More

November 23, 2022 @ 4:41 pm By JD Alois  |  

DBS, a large Asian bank based in Singapore, is reporting that it has become the first bank in Asia to complete an intraday repurchase transaction on JP Morgan’s intraday repurchase application on Onyx Digital Assets. The application is a blockchain-based network that supports instant settlements… Read More

November 23, 2022 @ 9:03 am By JD Alois  |  

Wise (LON:WISE) has been integrated into the digital banking firm in Hong Kong ZA Bank. According to a note from ZA bank, the partnership between the two firms is the first bank in Hong Kong to provide money transfers with no exchange rate mark up…. Read More

November 21, 2022 @ 11:39 pm By Omar Faridi  |  

Bigo Live, which claims to be one of the world’s fastest-growing social live streaming platforms, has enabled their users to top up accounts by paying “with cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC).” Powered by licensed crypto payment gateway TripleA,… Read More

November 21, 2022 @ 11:34 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has issued a statement addressing the bankruptcy of FTX, saying it would like to address some questions and “misconceptions.” Singapore is recognized as the top Fintech hub in Asia and is generally viewed as digital asset friendly. That being… Read More

November 21, 2022 @ 10:06 am By JD Alois  |  

CYBAVO, a Taiwan-based “infrastructure-as-a-service platform” enabling digital asset custody tech and security services to firms like cryptocurrency exchanges, NFT marketplaces, cryptocurrency wallet providers, and Fintech service providers, has been acquired by Circle. The purchase was completed during Q3 2022 but was previously announced this past… Read More