Asia

Fintech BigPay Now Supports Remittance Corridors in 38 Nations Across Europe, UK

BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network. This reportedly includes England, Northern Ireland, Scotland, and Wales in the UK, and 34 nations across Europe, including France, Germany, Italy, Belgium, and Spain…. Read More

Fintech Appro, which Digitizes Retail Banking Services, Launched in Dubai by SC Ventures

SC Ventures recently revealed that it has introduced Appro, which is a Fintech that digitizes and enhances the retail banking customer experience. Supported by SC Ventures, Standard Chartered’s Fintech investment and ventures unit, the “bank-agnostic” platform intends to signifiantly reduce the time taken to finalize… Read More

Malaysian Authorities, Regulators Seeking Feedback for Proposed BNPL Regulation

The Consumer Credit Oversight Board Task Force in Malaysia recently shared the Consumer Credit Act consultation document, which is the new act that aims to properly regulate and consolidate all consumer credit activities under its unit, and to also support “fair” lending and “responsible” conduct… Read More

Thailand’s National ITMX, NETS Enhance Cross-Border QR Payments

Network for Electronic Transfers (NETS), which is Singapore’s payment services group, and National ITMX, Thailand’s inter-bank payment infrastructure and central data processing system, recently confirmed the expansion of their cross-border QR payment partnership. This collaboration will aim to support inbound and outbound international payments between… Read More

ShopBack, a Fintech Offering a Rewards Platform, Prepares for Hong Kong Launch

ShopBack, a Temasek-supported shopping and rewards platform, recently revealed that it would be expanding its presence to Hong Kong with a “soft launch” scheduled for August 8, 2022. ShopBack‘s management noted that they’ve onboarded more than 250 merchants in Hong Kong ranging from domestic to… Read More

JP Morgan Introduces Cross-Border Liquidity Solution in Saudi Arabia

JP Morgan Payments has introduced a cross-border liquidity solution in Saudi Arabia, enabling customers to connect to liquidity pools in London and other cities across the globe. The service will aim to offer clients with a pipeline to link their balances to liquidity structures globally…. Read More

Roxe Teams Up with Cebuana to Streamline Blockchain Payments in the Philippines

Roxe, a blockchain infrastructure company powering the next generation of payments and digital commerce solutions, has announced a partnership with the Philippines’ micro financial services provider, Cebuana Lhuillier. The partnership will “facilitate seamless cross-border remittance payments for clients in the Philippines by utilizing Cebuana Lhuillier’s… Read More

GMO Internet Teams Up With Unstoppable Domains to Enter NFT Domain Space

Unstoppable Domains is pleased to announce their partnership with GMO Internet Group, which operates Japan’s largest domain registration service, Onamae.com, “with more than 28 million domain registration records.” Via this partnership, GMO Internet has “launched a brand new registration service, ‘CryptoName by GMO,’ offering NFT… Read More

CBDCs: Bank of Thailand Provides Update on Progress of Retail Central Bank Digital Currency

​Ms. Vachira Arromdee, Deputy Governor of the Bank of Thailand (BOT), has noted that central banks around the world “have focused closely on the development of Retail CBDC and see the potential of Retail CBDC as being the foundation of the future financial system.” The… Read More

Pakistan based Fintech OneLoad Acquires $11M in Funding

Pakistan-based Fintech firm OneLoad, which aims to serve micro-retailers, has secured $11 million in order to support a growth phase as it focuses on tapping one of the world’s largest unbanked/underbanked nations. The recent investment round has been led by Sarmayacar and Shorooq Partners, along… Read More

Singapore: DTC Secures MPI License MAS to Offer Digital Payment Services

The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) license. Securing the full license “means DTC has exited from the exemption status and is now a fully regulated provider (MAS license number: PS20200531) of Digital Payment Token… Read More

BNPL: FIntech Tabby Acquires $150M Credit Facility

Tabby, which is MENA’s payments and shopping app, has acquired $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). Based in New York, this facility “marks Atalaya Capital Management’s first deal in the MENA region.” In addition, San… Read More

Indian Fintech Tartan Secures Funding to Scale Payroll Management Solution

India-based Fintech firm Tartan has secured funding to scale its business operaitons. The investment round included contributions from 500 Global, InfoEdge Ventures, Naval Ravikant-supported AngelList Quant Fund, among other investors. The company has acquired about $6 million in capital, to date. It intends to double… Read More

Do You Really Need a CBDC? Bank of Japan Said Not to Pursue Digital Yen

Are central bank digital currencies a solution looking for a problem? That seems to be what the Japanese believe, as it has been widely reported that the Bank of Japan has halted its potential pursuit of a digital yen. The Bank of Japan announced that… Read More

Robocash Appoints New CEO As Founder Steps Aside, Remains Board Chair

  Robocash Group, an operator of online lending and investment platforms, has announced that Natalya Ischenko is the new Chief Executive Officer and Ivan Adamovich is now Chief Financial Officer. Sergey Sedov, who founded and led the company will remain as Chairman of the Board…. Read More

Asian Fintech Alif Reports Steady Revenue Growth, Surpasses 1M Clients

Alif, a Central Asian Fintech operating as a “full-fledged” Bank in Tajikistan and as e-commerce and Fintech company in Uzbekistan, has announced “a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022.” During the same period, the total number of Alif… Read More

Singapore Governmen Responds to Parliamentary Questions Pertaining to TerraUSD – LUNA

The Singapore government has posted a response to questions emanating from Parliament pertaining to the collapse of TerraUSD – LUNA. TerraUSD was an aspiring algorithmic stablecoin that was tied to LUNA. TerraUSD sought to maintain a US dollar peg but failed in its mission, thus… Read More

Philippines Govt to Introduce Digital Identification System, Improve Access to Financial Services

Finance Secretary (in the Philippines) Benjamin Diokno recently noted that the government will be focused on accelerating the rollout of the Philippine Identification System (PhilSys ID) in order to further expand public access to financial products/services while achieving “e-governance.” Former President Rodrigo Duterte had reportedly… Read More

Malaysia’s TNG Digital Secures Funding from Lazada, Touch ‘n Go

TNG Digital, the owner and operator of the Touch ‘n Go eWallet, has secured RM 750 million (appr. $168.5 million) as part of its latest round of equity funding. This investment round has been led by a fresh investment from the Lazada Group and a… Read More

Komainu, a Nomura-backed Crypto Custodian, Granted Provisional Regulatory Approval in Dubai

Komainu, a regulated digital asset custody provider built by institutions for institutions, today announced provisional regulatory approval from the Government of Dubai’s Virtual Assets Regulatory Authority [VARA] to “commence operational readiness even as the application goes through the warranted due diligence in accordance with VARA… Read More

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