Asia

August 1, 2021 @ 11:18 am By Omar Faridi  |  

The ASEAN Financial Innovation Network (AFIN) recently confirmed the appointment of H.E Serey Chea, Prof. Olayinka David-West as advisors and Latha Ayyar as an independent director to its board. The ASEAN Financial Innovation Network (AFIN) has been established in order to facilitate innovation and cooperation… Read More

July 31, 2021 @ 8:49 pm By Omar Faridi  |  

Mumbai-based Fintech company QPS Global recently revealed that it will be expanding its business operations in the Middle East. The company confirmed that it will be allocating $10 million in capital into the region within the next 12 months. The B2B card issuance and processing… Read More

July 31, 2021 @ 7:44 pm By Omar Faridi  |  

NextPay, a digital platform that provides business owners and entrepreneurs with banking services, has acquired $1.6 million (more than P80 million) in capital via a seed round. As noted by its management: “NextPay is the best alternative to bank accounts for small businesses and entrepreneurs… Read More

July 31, 2021 @ 2:43 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

July 30, 2021 @ 9:04 pm By Omar Faridi  |  

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

July 29, 2021 @ 9:40 pm By Tony Zerucha  |  

Recent activity in China is having global effects, the CEO of Sun Global Investments said. Earlier this week global stocks retreated following Chinese equity declines over three consecutive sessions that saw CSI 300 of Shanghai and Shenzhen listed companies close 3.5 per cent lower while… Read More

July 28, 2021 @ 10:38 pm By Omar Faridi  |  

Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier. Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk… Read More

July 28, 2021 @ 9:46 am By Omar Faridi  |  

SEBA Bank, a FINMA licensed Swiss Bank offering a seamless, secure, and easy-to-use bridge between digital and traditional assets, has confirmed the appointment of Sam Lin to the position of CEO Asia with “immediate effect.” This appointment “demonstrates SEBA Bank’s commitment to strengthening its status… Read More

July 27, 2021 @ 10:25 pm By Tony Zerucha  |  

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

July 27, 2021 @ 10:13 pm By Tony Zerucha  |  

Hong Kong’s wealth market is poised for a rebound after a pandemic-affected 2020, new research from GlobalData suggests. The number of affluent, mass affluent and high net-worth investors is expected to grow 7.8 per cent to reach 3.9 million this year. Sixty per cent (60.6)… Read More

July 27, 2021 @ 7:48 am By Omar Faridi  |  

Nium, an established B2B payments platform, reveals that they’ve acquired $200+ million through a Series D round that was led by Riverwood Capital – a U.S.-based “high-growth” technology investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and various… Read More

July 26, 2021 @ 11:49 pm By Omar Faridi  |  

The United Arab Emirates (UAE) ranked first among the Arab nations in FinxAr. As covered, the Arab Monetary Fund introduced the Index of Modern Financial Technologies in the Arab countries (called the FinxAr). The index aims to provide insights on the ongoing developments in the… Read More

July 26, 2021 @ 10:54 pm By Omar Faridi  |  

AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More

July 26, 2021 @ 8:51 pm By Omar Faridi  |  

Xero, a Cloud-powered accounting software application for SMBs, reveals that it has expanded its existing collaboration with UOB (SGX: U11) in order to provide companies with free access to the UOB Start Digital (for those that qualify). This offer will be available via the platform… Read More

July 26, 2021 @ 8:17 pm By Omar Faridi  |  

Pakistani online payments Fintech SadaPay reveals that they’ve welcomed Muhammad Khalil who’s joining them as their new Head of Internal Audit. As noted in an update from SadaPay, Khalil brings audit experience from “some of Pakistan’s leading corporates” including U Microfinance Bank, Wi-Tribe as well… Read More

July 26, 2021 @ 11:00 am By JD Alois  |  

A recent survey indicates that a whopping 43% of Singaporeans own crypto and 46% plan on purchasing digital assets within the next 12 months. The study conducted by the Independent Reserve Cryptocurrency Index (ICRI) polled 1000 individuals in 2021. This is the first time ICRI… Read More

July 25, 2021 @ 10:16 pm By Omar Faridi  |  

Safe Security, a Palo Alto-headquartered cyber risk management company established in 2012, recently acquired $33 million in capital via a round that was led by BT Group Plc, which is notably one of the United Kingdom’s largest telecommunications and network service providers. Safe Security, with… Read More

July 25, 2021 @ 7:14 pm By Omar Faridi  |  

India’s Paytm, which has approved plans for almost a $2 billion IPO on the Indian bourses, recently shared how to lend credit to your clients in an effortless manner with Paytm Payouts. Over 10 years ago, could you have really imagined offering a loan to… Read More

July 25, 2021 @ 10:43 am By Omar Faridi  |  

In a keynote speech that focused on fraud and financial crime at a conference in Asia, Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority, discussed anti-money laundering and financial crime risk issues and the ability of authorities to address these problems. While… Read More

July 24, 2021 @ 3:26 pm By Omar Faridi  |  

The Union Bank of the Philippines, which is part of a conglomerate that is led by Aboitiz Equity Ventures, will be launching the fourth all-digital banking platform in the Southeast Asian country. This, according to a Philstar Global report. The UnionBank’s virtual bank application has… Read More