Tagged: asia

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

SE Asian Fintech Akulaku Set to Acquire Indonesian Lending Bank Yudha Bhakti For Rp 158 Billion

Akulaku, a SE Asia-based fintech, is reportedly set to acquire Indonesian lending bank Yudha Bhakti for Rp 158 Billion ($11 million). Founded in 2016, Akulaku is a fintech company that is focused on providing financial services to the underserved. The company has established offices in five countries/regions,… Read More

Chinese Crypto Exchange CoinAll Launches New-User Campaign For Expand Community

Chinese cryptocurrency exchange CoinAll announced on Thursday the launch of a new user campaign which will last a month and features a 10,000 USDT bonus pool. It was revealed that users who complete the two-task mission will have a chance to share in the bonus.  According to CoinAll,… Read More

Asian Blockchain Information Platform CoinNess Compelts Series A Funding Round led by Chinese Venture Capital ShunWei Capital, QF Capital, & FreesFund

CoinNess, an Asian cryptocurrency and blockchain information provider, announced on Monday it closed its Series A round funding calculated in millions of dollars, led by Chinese leading venture capital ShunWei Capital, QF Capital, and FreesFund. Speaking about the investment, Peter TAN, CEO of CoinNess, stated:… Read More

PINTEC Forms New Partnership With China UMS For Customized & Digital Lending Solutions For SME Financing

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Friday it has formed a partnership with China UnionPay Merchant Services Co., Ltd. (China UMS) to develop customized and efficient digital lending solutions to serve small and micro-sized enterprises (SMEs).  PINTEC reported that it will cooperate… Read More

U.S. Blockchain Trading Platform Bittrex Lists Crypto.com Chain Token on International Exchange

Crypto.com, a Hong Kong-based payments and cryptocurrency platform, announced on Friday its Crypto.com Chain Token (CRO) has been listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex. According to Crypto.com, the Crypto.com Chain is a “high-performing” native blockchain powering… Read More

Securitize Expansion: Opens New Offices in NYC & London; Announces Asia Services

Securitize, a platform that facilitates security token offerings, announced last week it has opened new offices in NYC and London, as well as expanded its services into Asia. As previously reported, Securitize describes itself as a compliance platform and protocol for issuing and managing digital… Read More

Thailand Insurtech Startup Sunday Secures $10 Million Through Series A Funding Round

Sunday, a Thailand-based insurtech startup, announced on Monday it secured $10 million through its Series A funding round, which was led by global investor network Vertex Ventures SEA and India. Founded in 2017, Sunday is a fully-integrated sales and services InsurTech that uses artificial intelligence and digital… Read More

DollarsandSense Acquires Singapore Fintech Startup fundMyLife

Personal finance media platform DollarsandSense.sg has acquired the Singapore-based fintech startup, fundMyLife, Reuters has reported. Founded in 2017, fundMyLife describes itself as a platform that intelligently connects consumers with financial advisers based on the financial planning questions that they ask. “fundMyLife connects your financial planning questions to the… Read More

Beehive Forms New Partnership With Thanachart Bank to Launch SME Financing Program in Asia

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More

Hang Seng Bank Forms Strategic Alliance with Hong Kong Science and Technology Parks Corporation to Offer New Opportunities For Fintech Companies

Hang Seng Bank (Hang Seng) and Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Thursday they have formed a strategic partnership to accelerate the development and deployment of fintech solutions for the banking sector in Hong Kong. The duo reported that under the partnership they… Read More

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