Tagged: asia

China Rapid Finance Announces New Partnership with Chengdu Qiye Technology

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Tuesday it has formed a new strategic partnership with Chengdu Qiye Technology to offer services for institutionally-funded lending to small and medium-sized businesses. According to China Rapid Finance, the partnership marks… Read More

Stripe Announces Launch in Malaysia

Payments platform Stripe announced on Monday it has launched its services in Malaysia. Stripe reported that businesses throughout the country may now easily accept and manage payments, as well as have access to the full Stripe stack, which includes Billing, Connect, Radar and Sigma. “More… Read More

Ping An Set to Develop National Open Innovation Platform For Next Generation AI in Consumer Puhui Finance

Ping An Insurance Group announced on Thursday it was selected to develop the national Open Innovation For Next Generation Artificial Intelligence. The company reported that the announcement was made at the World Artifical Intelligence Conference 2019 in Shanghai and Ping An is claimed to be… Read More

Pundi X Teams Up With Traki to Enable Crypto Payments in Venezuela Stores

Singapore-based Pundi X announced on Thursday it is teaming up with department store chain Traki to enable crypto payments in its stores across Venezuela. Pundi X reported that through its software XPOS, Traki customers are able to use various cryptocurrencies as payment options for the… Read More

U.S. Insurtech Slice Teams Up With Sompo to Bring On-Demand Insurance to Asia

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Wednesday it has entered in a proof-of-value contract with Sompo to bring on-demand insurance to Asia. According to Slice, the new partnership brings on-demand insurance to the Asia Pacific region of Asia, the first… Read More

Asian Cryptocurrency Services BitKan Announces New Partnership With Bitcoin.com

BitKan, an Asian-based cryptocurrency services platform, announced on Friday it has joined forces with Bitcoin.com. Founded in 2012, BitKan stated it provides a one-step integrated platform the crypto services, which includes a platform for crypto market data, a crypt wallet, and a crypto community. While… Read More

Pintec Announces New Partnership With Caissa Travel For Intelligent Retail Financing Services

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a new partnership with Chinese travel service provider, Caissa Travel. According to Pintec, the collaboration will bring together both companies to cooperate in consumer finance and information technology to embrace the rising… Read More

Web-Based Financial Services China Finance Online Announces Receipt of NASDAQ Notice of Bid Price Deficiency

China Finance Online Co. Limited NASDAQ GS:JRJC), a web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, announced on… Read More

Asian Fintech Startup Cheers Paytech Selects Mambu As Core Banking System

 Cheers Paytech, a Singapore-based fintech startup, announced this week has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. According to Cheers, this new collaboration will facilitate the backend movement of funds within the Cheers Wallet Engine. Founded… Read More

LexinFintech Receives The Asian Banker Award for Best Lending Technology in China

China-based consumer finance platform LexinFintech announced on Friday it has been awarded the Best Lending Technology Initiative, Application or Programme in China by The Asian Banker. According to LexinFintech, The Asian Banker awards are generally viewed by executives as one of the most rigorous, prestigious and… Read More

MoneyGram Announces New Partnership With Korean Remittance Startup Sentbe

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Friday it has formed a new partnership with Korean remittance startup, Sentbe. MoneyGram reported the collaboration between it and Sentbe aligns with MoneyGram’s goal of providing consumers with an expanded range of digital money transfer options…. Read More

Insurtech Startup Singapore Life Receives $90 Million Investment From Sumitomo Life Insurance

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

Wirecard Announces Expansion of Payout Product Offering in the Philippines

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it expanded of its payout product in the Philippines. Wirecard reported its cards may be used in a wide range of industries. Cardholders can use the contactless cards to carry out seamless transactions… Read More

United Overseas Bank Teams Up With Mastercard to Launch New Regal Business Metal Card For SMEs

United Overseas Bank (UOB) announced on Tuesday it has teamed up with Mastercard to launch its new regal business metal card specifically for small and medium-sized enterprises (SMEs). While creating the card, UOB reported that it and Mastercard conducted face-to-face interviews and surveys with senior executives… Read More

InstaReM Announces New Partnership Thailand’s Banking Group KASIKORNBANK

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Wednesday it has formed a new partnership with Thailand-based banking group, KASIKORNBANK. The partnership will reportedly help InstaReM further entrench itself as a leading player in the institutional payments space. While sharing more… Read More

Tencent Announces 2019 First Quarter Financial Results

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Wednesday its financial results of 2019’s first quarter. According to Ma Huateng, Chairman and CEO of Tencent, Tencent sustained “healthy user engagement” across its key platforms and saw notable growth in… Read More

Pundi X’s XPOS Receives FCC, CE, KC, & UAE TRA Certifications

Singapore-based Pundi X announced on Wednesday that its blockchain-powered point-of-sale (POS) solution XPOS has received FCC, CE, KC and UAE TRA certifications. Pundi X claims that the XPOS is the first wireless point-of-sale solution that enables merchants and consumers to do secure digital transactions on… Read More

Hong Kong Monetary Authority Grants Four New Virtual Banking Licenses

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

PINTEC-Backed Avatec to Participate in Indonesia’s Digital Financial Innovation Sandbox Program

Pintec Technology Holdings Ltd. (PINTEC; Nasdaq: PT), an independent platform enabling financial services in China, announced on Monday PT. Avatec Services Indonesia (Avatec Indonesia), a wholly-owned subsidiary of Avatec.ai (S) Pte. Ltd (Avatec), has been approved by the Indonesian regulator to be a credit scoring… Read More

Hong Kong SME Financing Platform Qupital Secures $15 Million Through Series A Funding Round For Greater China Expansion

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it secured $15 million through its Series A investment round, which was led by CreditEase FinTech Investment Fund (CEFIF) with additional capital injections from the Alibaba Hong Kong Entrepreneurs fund and MindWorks Ventures. Qupital reported that it… Read More

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