Asia

June 5, 2024 @ 6:07 am By Omar Faridi  |  

PhonePe expanded its loan distribution offerings with the launch of secured lending products on its platform. Partnering with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs, PhonePe armed “with its distribution strength of 535+ Million registered users, aims to create a powerful and… Read More

June 4, 2024 @ 9:36 am By Omar Faridi  |  

DNA Payments has grown its portfolio of POS alternative payment methods by launching Alipay+, a suite of cross-border mobile payment and digitalisation technology solutions operated by Ant International. Alipay+ will allow over 50,000 UK merchants “using DNA Payments’ POS terminals to accept direct payments from… Read More

June 3, 2024 @ 11:41 pm By Omar Faridi  |  

Singapore recently released the Environmental Crimes Money Laundering (ML) National Risk Assessment (NRA) which identifies the key threats and vulnerabilities in environmental crimes ML that Singapore “is exposed to, and outlines mitigation measures which government agencies, financial institutions (FIs) and Designated Non-Financial Businesses and Professionals… Read More

June 3, 2024 @ 11:27 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, announced a partnership with AhnLab Blockchain Company. Signed on April 30, 2024, the MoU focuses “on cooperation in next-generation virtual asset anti-money laundering (AML) security… Read More

June 2, 2024 @ 9:45 pm By Michael Wong  |  

QNB Group, the largest financial institution in the Middle East and Africa, and Ooredoo Fintech have announced a groundbreaking extension to their partnership aimed at revolutionizing fintech services in Oman. This collaboration marks a significant milestone in the region’s digital transformation journey as both entities… Read More

June 2, 2024 @ 9:06 pm By Michael Wong  |  

Spark Fintech Limited, an affiliate of Bybit, one of the world’s top three cryptocurrency exchanges by volume, has announced its decision to withdraw its application for a Virtual Asset Services Providers (VASP) license with the Hong Kong Securities and Futures Commission (SFC). This strategic decision… Read More

June 2, 2024 @ 6:47 pm By Michael Wong  |  

Philippines-based fintech startup Beppo has completed a pre-seed funding round, enabling the acquisition of JuanTax, a Bureau of Internal Revenue (BIR)-accredited tax platform, and five pioneering bookkeeping firms. The funding round, for an undisclosed amount, was led by Wavemaker Partners with participation from angel investors…. Read More

June 2, 2024 @ 5:51 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre of the UAE’s capital, has released a Consultation Paper in order to seek views on its proposals on the comprehensive revamp of its real property regulatory framework. This regulatory revamp addresses market needs and “ensures we… Read More

June 1, 2024 @ 2:56 pm By Michael Wong  |  

Ant Group and Mastercard, alongside 12 overseas payment partners of Alipay+ and other major card organizations, announced the launch of the International Consumer Friendly Zones program in Shanghai. This initiative aims to enhance the travel experience for global visitors and stimulate economic growth for local… Read More

May 31, 2024 @ 9:48 pm By Omar Faridi  |  

Earlier this month, Google launched its much-awaited Google Wallet app in India. Fintech company Pine Labs shed more light on the close collaboration with Google Wallet to enable “a seamless integration of Gift Cards on the product.” The ‘power of choice’ associated “with e-gifting appeals… Read More

May 30, 2024 @ 10:48 pm By Omar Faridi  |  

Nomura Holdings and Laser Digital partner with GMO Internet Group to explore the issuance of JPY and USD stablecoins in Japan. This partnership between GMO Internet Group, Inc., Nomura Holdings, Inc., and Laser Digital Holdings AG aims “to leverage our track record in stablecoin issuance… Read More

May 30, 2024 @ 5:44 pm By Omar Faridi  |  

International insurtech bolttech has announced its partnership with HAVA.id, a B2B procurement company in Indonesia. HAVA.id will offer comprehensive device protection solutions “to its business customers as part of its procurement consultancy services to ensure their valuable inventory of technology devices is safeguarded.” As part… Read More

May 30, 2024 @ 8:35 am By Omar Faridi  |  

Klickl is pleased to announce its recent acquisition of a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This milestone not only enhances Klickl’s ability “to offer both custody and brokerage services for virtual assets as… Read More

May 27, 2024 @ 11:16 pm By Omar Faridi  |  

From e-wallets to neobanks, Türkiye’s (Turkey) financial institutions are accelerating fintech innovation, supporting greater connectivity to international markets, financial inclusivity at home and more economic prosperity for businesses. Thunes is a key payments player in Turkey’s ecosystem. Thunes says its extensive payments network in the… Read More

May 27, 2024 @ 10:22 pm By Omar Faridi  |  

Tuum, the core banking provider, and DDCAP Group have partnered to offer a pre-integrated Fintech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions. From the partnership, DDCAP and Tuum clients “will gain the ability to migrate legacy, automated trade execution and… Read More

May 27, 2024 @ 10:00 pm By Omar Faridi  |  

The Philippines e-commerce market is growing at a fast pace and is expected to surge by 19.6% in 2024, driven by growing consumer preference for online shopping and strong internet penetration, finds GlobalData, a data and analytics company. GlobalData’s E-Commerce Analytics reveals that Philippine e-commerce… Read More

May 27, 2024 @ 9:59 pm By Omar Faridi  |  

Tata Consultancy Services (TCS) (NSE: TCS), a global enabler of IT services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, a commercial bank in Kuwait. The bank will deploy TCS BaNCSTM to “consolidate multiple standalone legacy… Read More

May 26, 2024 @ 7:43 pm By Michael Wong  |  

Aeon Bank (M) Bhd officially launched its digital bank on Sunday, marking a historic milestone as Malaysia’s first Islamic digital bank. The launch aims to provide comprehensive, shariah-compliant digital banking solutions to all Malaysians. At the press conference held during the public launch ceremony, Chief… Read More

May 25, 2024 @ 12:06 pm By Michael Wong  |  

Filinvest Development Corp. (FDC) announced that its subsidiary, f(dev) Digital Innovations and Ventures Inc., along with partner Investree Singapore Pte. Ltd., have agreed to wind down the operations of Investree PH Inc., the Philippines’ first crowdfunding platform. In a disclosure to the stock exchange, FDC… Read More

May 23, 2024 @ 10:24 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The initiatives discussed covered… Read More