Asia

March 6, 2022 @ 1:20 pm By Xu Gao  |  

The Supreme Court Adds Use of Cryptocurrency Trading, P2P Lending as illegal fundraising On February 24th, the Supreme People’s Court issued “Decision Concerning Several Legal Issues in Relation to the Specific Application of the Supreme People’s Court Criminal Cases on Illegal Fund-raising,” which revised and… Read More

March 6, 2022 @ 1:13 pm By Omar Faridi  |  

Zaapi, a mobile app that allows small businesses to establish their digital commerce presence within seconds, has finalized a $4 million seed round. VC investors including GFC, Flourish Ventures, and Partech have led Zaapi’s investment round. Other investors in the funding round reportedly include 1982… Read More

March 5, 2022 @ 5:35 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security recently announced the integration of its RSS news feed with Crypto.com’s Uppsala Security Price Page. Via this integration, Crypto.com users may directly access… Read More

March 5, 2022 @ 7:58 am By Omar Faridi  |  

Qatar Fintech Hub announced that it decided to host the fourth hackathon “to foster innovative ideas in next generation banking” Applications had been open “until 2 March 2022.” As confirmed in the announcement, pitches “take place on 10 March, and winners to be announced by… Read More

March 4, 2022 @ 9:38 pm By Omar Faridi  |  

Dubai-headquartered Fintech firm Alaan has acquired $2.5 million in capital via an investment round. The firm is now coming out of stealth mode. The multi-currency spend management platform developers noted that they would use the proceeds to hire new talent and scale operations across the… Read More

March 4, 2022 @ 9:22 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that cart abandonment makes a “serious dent” in a digital commerce company’s operations. You may ask e-commerce stores, and they will tell you how much it affects their business. And when it comes to stats and data, we can see… Read More

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

March 2, 2022 @ 11:47 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) recently confirmed that it teamed up with the International Air Transport Association (IATA) to introduce IATA Pay in India. IATA Pay, which is available in several European markets, is an airline industry payment platform that provides optionality, convenience and an improved… Read More

March 2, 2022 @ 11:29 pm By JD Alois  |  

Singapore-based Volopay, a Y Combinator-backed neobank that offers corporate cards, payable management, business accounts, payments and more, has raised $20 million in a Series A funding round with a combination of debt and equity. The company did not share the details on the funding beyond… Read More

March 2, 2022 @ 11:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA), DBS Bank (SGX:D05) and Pine Labs have teamed up to introduce ‘Mastercard Installments with Pine Labs’ – which is a new program that enables DBS/POSB credit cardholders to pay via interest-free installments at merchants “with the ‘Pay Later’ identifier, simply by presenting… Read More

March 1, 2022 @ 11:47 pm By Omar Faridi  |  

Jiye Technologies, which claims to be the fastest growing Agri-Tech platform in Pakistan has announced a business-to-business (B2B) Buy Now, Pay Later (BNPL) feature through a digital financing product for farmers and businesses across the country, under its program called “Jiye Khushhaal Karobar.” The digital… Read More

March 1, 2022 @ 11:03 pm By Omar Faridi  |  

Malaysia’s CIMB has reported a credit loss of around $67 million because of a processing error that led to some clients receiving duplicate credits to their accounts. CIMB‘s management discovered the glitch, which was related to a third-party financial remittance service, in January 2022. The… Read More

February 28, 2022 @ 10:09 pm By Omar Faridi  |  

On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

February 28, 2022 @ 8:30 pm By Omar Faridi  |  

We recently connected with Neeraj Khandelwal, Co-founder of CoinDCX, one of India’s largest digital asset exchanges. As covered in August 2021, CoinDCX turned into India’s first crypto unicorn following a $90 million investment round led by Facebook Inc. co-founder Eduardo Saverin and B Capital Group… Read More

February 28, 2022 @ 6:14 pm By Omar Faridi  |  

Japan Exchange Group, Inc. (JPX) recently announced that it has “made a minority investment of JPY 360 million in Digital Asset Markets, Inc. as of February 25, 2022.” Through this investment, JPX aims to “strengthen its relationship with Digital Asset Markets, Inc., which enables trading… Read More

February 27, 2022 @ 11:37 pm By Omar Faridi  |  

Since the start of the Coronavirus crisis, both digital-service use and the digital market have grown significantly in Southeast Asia. According to the e-Conomy SEA 2021 Report by Google, Temasek, and Bain & Company, there are now around 350 million digital consumers in the region… Read More

February 27, 2022 @ 9:39 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. The Financial Secretary confirmed in the 2022-23 Budget today (23 February) that the application period for the 80% Guarantee Product, the 90% Guarantee Product and the Special… Read More

February 27, 2022 @ 6:21 pm By Omar Faridi  |  

Pakistan’s NayaPay Pvt. has reportedly acquired $13 million in early-stage capital as it aims to onboard consumers who an underbanked or financially underserved. The Karachi-headquartered Fintech firm’s seed round has been led by Zayn Capital, MSA Novo and Silicon Valley’s early-stage investor Graph Ventures, CEO… Read More

February 26, 2022 @ 11:26 am By Xu Gao  |  

PBC, SAMR, CBIRC and CSRC Issue the Plan for Financial Standardization during the 14th Five-Year Plan Period At the start of February, the People’s Bank of China (PBC), the State Administration for Market Regulation (SAMR), the China Banking and Insurance Regulatory Commission (CBIRC) and the… Read More

February 25, 2022 @ 10:15 pm By Omar Faridi  |  

Deputy Governor of Bank Negara, Datuk Abdul Rasheed Ghaffour,  notes that he would like to express his gratitude to the United Nations Development Program (UNDP) for inviting him to deliver a keynote address (as posted by Bank Negara, Malaysia’s reserve bank. on February 24, 2022)…. Read More