Asia

October 6, 2022 @ 8:42 pm By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a global player in the evolution of digital P2P payments, and Jingle Pay, a financial super-app based in the United Arab Emirates (UAE), announced a partnership “to enable convenient and fast global money transfers through the Jingle Pay app.” Consumers… Read More

October 6, 2022 @ 8:30 pm By Omar Faridi  |  

Hong Kong Exchange & Clearing Limited (HKEX) is pleased to announce that Mr. Mark Carr has “joined the Group as Managing Director and Chief Enterprise Architect.” In his new role, Mr. Carr will “help ensure HKEX’s vision to build the Marketplace of the Future is… Read More

October 6, 2022 @ 6:39 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the ESG Impact Hub to spur co-location and collaboration “between Environment, Social, Governance (ESG) Fintech startups and solution providers, financial institutions and real economy stakeholders.” The Hub will also “anchor industry-driven sustainability initiatives such the Point Carbon… Read More

October 6, 2022 @ 5:54 pm By Omar Faridi  |  

CWallet, a Qatar-based payment processing fintech startup, has teamed up with M2P Fintech, which claims to be one of Asia’s largest API infrastructure companies, in order “to enable prepaid and multi-currency cards in Qatar.” This partnership is “aimed at promoting financial technology intelligence, financial inclusion,… Read More

October 5, 2022 @ 3:08 pm By Omar Faridi  |  

Matrixport, which claims to be one of the world’s largest digital assets financial services ecosystems, has announced the securing of $50 million of insurance coverage for digital assets held “in cold storage with Cactus Custody, its institutional custodian.” In addition to enjoying additional insurance coverage,… Read More

October 4, 2022 @ 9:00 pm By JD Alois  |  

Anchorage Digital, a federally chartered bank serving institutions interested in digital assets, has announced an expansion into Asia. According to a corporate statement, Anchorage has partnered with Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha. These entities will be utilizing Anchorage… Read More

October 4, 2022 @ 4:01 pm By JD Alois  |  

Robocash Group has distributed its first six months of 2022, ending June 30, financial results. According to the company, revenue is up by 53.1% to USD$ 214.2 million from USD$ 139.9 million, year over year. The report was reviewed by FBK Grant Thornton and did… Read More

October 3, 2022 @ 11:50 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) recently announced a technology agreement with DBS Bank (SGX:D05). DBS will leverage Nasdaq’s technology as they seek “to advance its surveillance capabilities and continue to protect its clients from market abuse.” DBS Bank, a financial services group in Asia, will “leverage Nasdaq… Read More

October 3, 2022 @ 10:06 pm By Omar Faridi  |  

PwC Hong Kong announces the signing of a collaboration agreement with TerraZero Technologies, Inc. With offices in Vancouver and Los Angeles, TerraZero brings together specialists and entrepreneurs “from blockchain, web3, design, programming, entertainment, marketing and finance backgrounds.” PwC and TerraZero are “devising a go-to-market strategy… Read More

October 3, 2022 @ 7:44 pm By Omar Faridi  |  

Directorate of Enforcement (ED) in India has reportedly frozen the cryptocurrencies WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 Lakhs (appr. $58,000) “under the provisions ofthe Prevention of… Read More

October 3, 2022 @ 7:17 am By Omar Faridi  |  

Tabby, the Middle East’s payments and shopping app, and Paymob, the omni-channel payments facilitator in MENAP, announced their partnership “to fuel growth for retailers in Egypt by enabling businesses across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via… Read More

October 3, 2022 @ 6:41 am By Omar Faridi  |  

Buy2Sell, an e-commerce platform in Asia, has announced a new strategic partnership with Mastercard (NYSE: MA). The announcement is “the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.”… Read More

October 2, 2022 @ 11:17 pm By Omar Faridi  |  

livi bank, Hong Kong’s lifestyle-driven virtual bank, is launching Travel Now, a simple and easy-to-apply travel insurance plan “to meet the needs of its Hong Kong customers as they decide to travel amid the relaxation of COVID-19 quarantine rules.” This is livi’s first general insurance… Read More

October 2, 2022 @ 10:55 pm By Omar Faridi  |  

Maybank will fully migrate to a more secured authentication method via Secure2u by June 2023 for online activities or transactions “relating to account opening, fund transfers and payments as well as changes to personal information and account settings.” This is in line with Bank Negara’s… Read More

October 2, 2022 @ 10:53 pm By Omar Faridi  |  

ChainUp, which claims to be one of the leading blockchain technology service providers, celebrated its fifth anniversary on September 25, 2022 at the SKAI – Swissotel the Stamford, with an evening of announcements of new initiatives and partnerships. ChainUp reportedly “introduced its newly appointed Board… Read More

September 29, 2022 @ 11:47 pm By Omar Faridi  |  

Nova Credit, which claims to be one of the world’s leading consumer-permissioned credit bureaus, announced that it has partnered with HSBC (NYSE: HSBC) in order “to provide the bank with global access to its cross-border credit data product, Credit Passport, creating more opportunities for credit… Read More

September 28, 2022 @ 1:26 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has expanded to Singapore in response to growing customer demand in the Asia-Pacific (APAC) region. The move allows Trulioo “to directly serve its extensive and expanding enterprise-level APAC customer base.” Steve Munford, CEO of Trulioo, said: “As businesses in… Read More

September 27, 2022 @ 10:29 pm By Omar Faridi  |  

Samsung, which claims to be India’s largest consumer electronics company, and Axis Bank, India’s third largest private sector bank, have partnered “to launch an exclusive co- branded credit card, powered by Visa.” With the Samsung Axis Bank Credit Card, consumers will “get 10% cashback across… Read More

September 27, 2022 @ 9:10 pm By Omar Faridi  |  

Grab Holdings Limited (NASDAQ: GRAB) announced at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA basis “by the second half of 2024, as it accelerates its path to profitability.” For the second half of 2022, Group Adjusted… Read More

September 27, 2022 @ 3:25 pm By Omar Faridi  |  

DBS (SGX:D05) recently announced that it has rolled out self-directed crypto trading via DBS digibank, enabling wealth clients who are accredited investors “to trade cryptocurrencies on DDEx at their convenience.” This latest move “provides more seamless and hassle-free access to DDEx, one of the world’s… Read More