Tagged: asia

September 24, 2018 @ 3:13 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced last week the launch of its ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm. According to Bitmain, the  ASIC SHA256 algorithm acceleration chip integrates more than a billion transistors and is optimized for maximum efficiency. It… Read More

September 17, 2018 @ 9:00 am By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on the launch of its new peer-to-peer (P2P) lending platform, KFUND. According to Kinerjapay, PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as an online lender that focuses on micro-lending activities. Kinerjapay… Read More

September 13, 2018 @ 10:39 am By Samantha Hurst  |  

Singapore-based fintech MC Payments announced on Thursday the soft launch of Instapay, a B2C payment platform targeting Indonesian Small-Medium Enterprises (SMEs) market. According to MC Payments, the payment platform enables merchants and their customers to simplify payment transactions, by using social messaging apps such as Whatsapp and Line to… Read More

September 12, 2018 @ 1:11 pm By Samantha Hurst  |  

Coinme, a financial services and blockchain technology company, announced on Wednesday it has appointed Chris Rolling as its new CFO. According to Coinme, Rolling has more than thirty years of executive-level experience at public and private companies around the globe. He is set to help… Read More

September 4, 2018 @ 2:26 pm By Samantha Hurst  |  

Huobi Group, a digital asset marketplace, announced last week the eight members of the Huobi Chain Expert Advisory Committee. According to Huobi, the  Huobi Chain expert advisory board will act as a “think tank” with each advisor having experience in academics, investment, and industry. The committee will also offer professional advice and support during the… Read More

September 2, 2018 @ 9:07 am By Samantha Hurst  |  

Japanese social media network LINE announced on Friday the launch of its first digital token, LINK, and its first blockchain network, LINK Chain. According to LINE, both token and network were built independently by the social platform and LINK Chain is described as a service-oriented blockchain… Read More

August 31, 2018 @ 10:00 am By Samantha Hurst  |  

Thailand commercial bank Bangkok Bank announced this week it is now inviting startups from around the globe to participate in the second season of its InnoHub Fintech Accelerator program from now until October 7th. According to Bangkok Bank, the Bangkok Bank InnoHub Session 2 is… Read More

August 30, 2018 @ 10:33 am By Samantha Hurst  |  

Just a little over a month after announcing it was extended its digital money transfer services in five new countries, MoneyGram (NASDAQ: MGI) announced it has joined forces with GCash to launch a new money transfer service to more than 10 million GCash mobile wallets in the… Read More

August 20, 2018 @ 8:12 am By Samantha Hurst  |  

Digital payment platform Alipay announced on Monday the launch of its paperless tax refund service in South Korea. The firm reported that it teamed up with Global Tax Free (GTF) for the new service, which notably enables Chinese tourists to apply for and claims tax rebates on their mobile phone… Read More

August 18, 2018 @ 9:56 pm By Samantha Hurst  |  

The Cambodia Fintech Association (CFA) announced its official launch on Wednesday. The organization revealed it is focused on the country’s fintech community, which are fintech startups, accelerators and VCs. According to its website, the CFA is on a mission to become the national, not-for-profit organization… Read More

August 14, 2018 @ 11:26 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ:HX) announced on Tuesday it has entered into definitive agreements to acquire a 20% equity stake in Musketeer Group Inc., an Indonesian online lending platform that offers consumption installment loans, for approximately $1.6 million, and simultaneously completed the acquisition.  As… Read More

August 14, 2018 @ 10:30 am By Samantha Hurst  |  

Chinese insurtech ZhongAn Online P & C Insurance Co., Ltd. recently announced its wholly-owned subsidiary ZhongAn Technology has launched its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers, with AXA Tianping, a foreign property and casualty insurance company. According to ZhongAn,  the new platform… Read More

August 13, 2018 @ 9:25 am By Samantha Hurst  |  

Asian cryptocurrency exchange KuCoin recently announced the launch of its new institutional investor program. According to KuCoin, the program was created in order to encourage institutional investors on its platform participate more actively in trading activities. The exchange describes institutional investors as those that participate in… Read More

August 10, 2018 @ 8:59 am By Samantha Hurst  |  

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Friday it has appointed Nilesh Pathak as its new Chief Technology Officer. Pathak will reportedly lead the company’s technology team, divided between India and Lithuania, driving the firm’s technology strategy, architecture, development as… Read More

August 10, 2018 @ 8:51 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

August 9, 2018 @ 8:56 am By Samantha Hurst  |  

India-based mobile wallet service provider Paytm announced on Wednesday it has acquired management startup Balance.Tech. Founded in 2010, Paytm claims to be India’s largest mobile payment and commerce platform. It offers a full marketplace for consumers through its mobile apps. The company’s investors include investors include… Read More

July 30, 2018 @ 8:35 am By Samantha Hurst  |  

Fintech hub LATTICE80 announced on Monday it is launching Crypto Asia Index in order to help institutions and Asian retail investors. According to the hub, the LATTICE80 Crypto Asia Index (Beta version) will be offered to registered users first and structured model portfolio will be offered through… Read More

July 25, 2018 @ 9:21 am By Samantha Hurst  |  

DBS announced on Tuesday the launch of Southeast Asia’s largest bank-led property marketplace. DBS claims it is also the first bank in the region to launch an online property marketplace that offers listings from both agents and owners. According to DBS, the DBS Property Marketplace… Read More

July 24, 2018 @ 3:01 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it is launching its instant identity verification services in The Philippines through its GlobalGateway platform. This news comes less than a month after the company expanded its AML/KYC identity verification global footprint into Thailand. According to Trulioo, GlobalGateway… Read More

July 14, 2018 @ 2:41 pm By Samantha Hurst  |  

Asian fintech innovation hub, Stone & Chalk, announced this week it is uniting fintech across the eastern seaboard with the launch of a new national capability, known as a mega hub, across its new home at the Goods Shed North in the heart of Melbourne’s… Read More