Tagged: asia

January 21, 2020 @ 12:09 pm By Omar Faridi  |  

UK-headquartered FTMarkets, a foreign exchange established in 2005, recently introduced its trading platform in Vietnam, allowing the residents of the Asian nation to download applications and perform foreign exchange transactions. FTMarkets provides investors MT4 and APP platforms for conducting trades and it doesn’t charge clients… Read More

January 15, 2020 @ 10:46 pm By Omar Faridi  |  

Amazon Pay in India has received a capital injection of INR 13.5 billion (appr. $19.3 million) from its Singapore and Mauritius-headquartered parent entities, according to a filing with the registrar of companies (RoC). As noted in the financial documents available on business intelligence and information… Read More

January 14, 2020 @ 8:02 am By Samantha Hurst  |  

iSTOX, a regulated capital markets platform that provides digital security issuance and trading, announced on Tuesday it secured a $5 million investment from South Korea-based Hanwha Asset Management. This new investment comes just a couple of months after iSTOX received a $5 million investment from… Read More

January 12, 2020 @ 8:53 am By Omar Faridi  |  

Thailand is currently laying the groundwork for standalone or independently-functioning online banks as the Southeast Asian nation tries to catch up with other nearby markets that have been upgrading their banking infrastructure. Veerathai Santiprabhob, governor of the Bank of Thailand, noted during a recent interview:… Read More

January 12, 2020 @ 7:27 am By Omar Faridi  |  

The Bank of Ceylon (BoC), a state-owned, major commercial bank in Sri Lanka, is reportedly expanding its branch network to include Andigama and Weerapokuna with the added convenience of offering 24-hour online banking services to the people living in these areas. BoC’s Weerapokuna location is… Read More

January 11, 2020 @ 7:22 am By Omar Faridi  |  

The People’s Bank of China (PBoC), the nation’s central bank, has reportedly stated that the “top-level” design of its national digital currency has been finalized. The Chinese reserve bank revealed the development of the sovereign digital currency in a new paper, confirming that the “top-level… Read More

January 9, 2020 @ 11:01 pm By Samantha Hurst  |  

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Thursday its strategic investment into Linklogis, a Chinese supply chain financing platform, to enhance its joint supply chain ecosystem proposition and provide suppliers with access to affordable and… Read More

January 6, 2020 @ 8:30 am By Omar Faridi  |  

The Singapore Business Federation (SBF) will reportedly be joining a consortium that’s led by Ron Sim‘s V3 Group (a brand creator and developer and an Asian luxury group in the lifestyle and wellness markets) and EZ-Link, a stored-card operator that is planning to acquire a… Read More

January 2, 2020 @ 9:15 pm By Samantha Hurst  |  

South Korea officials are reportedly causing some confusion with the latest drafted legislation that will tax individual crypto profits. According to Cointelegraph, South Korea’s officials stated that under current law, the government cannot impose income taxes on individual profits that are from cryptocurrency transactions. South… Read More

January 2, 2020 @ 8:19 am By Samantha Hurst  |  

Hong Kong-based CoinEx Chain Foundation announced on Thursday the launch of its new support program. According to the foundation, the program was designed to support more institutions and individuals to participate in the creation of CoinEx Chain’s ecosystem. “Every quarter, the Foundation will commit up… Read More

December 30, 2019 @ 1:05 pm By Samantha Hurst  |  

Online banking and payments company i2c announced on Monday it has partnered with borderless crypto and traditional currency payment platform Wirex to delivery a multicurrency travel card for the Asia Pacific region that supports more than 150 currencies. According to i2c, Wirex travel card and… Read More

December 30, 2019 @ 10:40 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard recently announced it has teamed up with Singapore currency exchange platform FXchange to provide outbound and inbound travelers in Singapore with digital payment options. Wirecard reported that the duo will be launching multi-currency Visa cards and a… Read More

December 27, 2019 @ 9:28 am By Samantha Hurst  |  

Euronet Worldwide (NASDAQ: EEFT), a global fintech solutions and payments provider, recently announced it has teamed up with Visa to fuel and sustain the growth of fintech companies in the Asia Pacific region. According to Euronet, the partnership utilizes Euronet’s Digital Integrated Payment Cloud (DIPC)… Read More

December 26, 2019 @ 1:41 pm By Samantha Hurst  |  

Privacy Coin Zcoin (XZC) announced on Thursday the launch of its new crowdfunding system (ZCS) in an effort to decentralizing funding and decision making of the project. The platform revealed: “The Zcoin team intends for the ZCS to serve as a transition from funding directly… Read More

December 26, 2019 @ 9:18 am By Omar Faridi  |  

The United States is reportedly expected to lose its top rank as the largest cashless country and society in the world to nascent Asian markets by next year. Cashless transactions in the US are projected to increase by 4.7% to reach $184 billion by 2020,… Read More

December 20, 2019 @ 9:48 am By Samantha Hurst  |  

FIS (NYSE: FIS) announced on Thursday it has entered into an agreement with JCB, a global payment network. Through the agreement, FIS’ global e-commerce platform, WorldPay, will allow businesses that are operating in Japan to accept payments by JCB cards and will now provide an… Read More

December 15, 2019 @ 10:41 pm By Samantha Hurst  |  

Western Union (NYSE: WU) announced last week it is launching its cross-border payment services in Japan. The company notably partnered with remittance company City Express to launch the service to enable global used-car customers to buy from BE FORWARD, which is one of Japan’s used-car… Read More

November 8, 2019 @ 12:16 pm By Omar Faridi  |  

Auckland, New Zealand-based Harmoney, an online lending platform that connects borrowers with lenders, recently raised NZ$25 million ($15.8 million) through a Series C investment round led by two Australasia-based investors. Established in 2014, Harmoney has acquired funding from Australia-based private equity company Kirwood Capital and… Read More

October 31, 2019 @ 7:00 pm By Nick Raper  |  

With the implementation of PSD2 in Europe, Open Banking payment solutions are starting to be rolled out across the UK and Europe. But while the core Open Banking payment solutions are live, there is a long way to go until we see the widespread adoption… Read More

October 16, 2019 @ 12:49 pm By Samantha Hurst  |  

Emolize Co., Ltd, a Korean cross-border mobile payment platform, announced on Wednesday it has expanded its global payment services through its mobile app, Payvil, to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019. The… Read More