Tagged: singapore

February 15, 2026 @ 1:18 pm By Michael Wong  |  

Singapore will set up a new National AI Council chaired by Prime Minister Lawrence Wong to steer policy, align government agencies and push the city-state’s next phase of artificial intelligence adoption, Wong said in his Budget 2026 statement. Wong said the government would “review regulations… Read More

February 13, 2026 @ 4:49 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has revealed plans to enhance its Equity Market Development Programme (EQDP). On February 12, 2026, the authority disclosed an increase in the program’s funding from S$5 billion to S$6.5 billion. This decision aligns with the recent Budget 2026 announcement… Read More

February 1, 2026 @ 3:05 pm By Omar Faridi  |  

In a new development expected to enhance how Asian SMEs handle transactions, global fintech Adyen (AMS: ADYEN) has formed a strategic alliance with Raptor, a point-of-sale (POS) system provider. This collaboration focuses on easing operational hurdles for the city’s service industry, particularly in food and… Read More

February 1, 2026 @ 10:26 am By Michael Wong  |  

Card payments in Singapore are forecast to grow at a compound annual growth rate of 7.2% between 2025 and 2029 to reach S$209.2 billion ($158.3 billion) by the end of the period, supported by near-universal access to banking services, wide merchant acceptance and rising use… Read More

January 24, 2026 @ 3:12 pm By Michael Wong  |  

Singapore launched a new governance framework aimed at guiding the safe and responsible deployment of agentic artificial intelligence, as governments and businesses grapple with the growing autonomy of AI systems. Minister for Digital Development and Information Josephine Teo announced the Model AI Governance Framework (MGF)… Read More

January 19, 2026 @ 12:51 am By Michael Wong  |  

Veera, a Singapore-based crypto financial services platform focused on self-custody wallets and decentralised finance tools, has raised $10 million across its pre-seed and seed funding rounds as it expands its on-chain financial services and prepares to roll out a crypto-linked payment card. The company said… Read More

January 13, 2026 @ 10:08 am By Omar Faridi  |  

HashKey Capital, a global asset manager that is said to be specializing in crypto and blockchain, announced the initial closing of its fourth fund, HashKey Fintech Multi-Strategy Fund IV. The fund concluded with US$250 million in total commitments, exceeding “initial expectations and drawing significant interest”… Read More

January 13, 2026 @ 12:46 am By Michael Wong  |  

Republic Polytechnic (RP) rolled out a campus-wide artificial intelligence (AI) transformation strategy, pledging to redesign curricula, upskill staff, and broaden partnerships with technology firms as Singapore pushes to build a deeper pipeline of AI-skilled talent. RP said the initiative aims to embed practical and responsible… Read More

January 5, 2026 @ 8:21 pm By Michael Wong  |  

Currenc Group Inc said it has agreed to sell its 60% stake in Malaysian cross-border payments hub Tranglo Sdn Bhd to New Margin Holding Limited for $400 million in cash, marking the first completed step in the Nasdaq-listed fintech firm’s broader restructuring and value-unlocking plan…. Read More

December 30, 2025 @ 5:47 pm By JD Alois  |  

Meta (NASDAQ:META) has acquired artificial intelligence firm Manus. The Singapore-based firm is developing autonomous AI agents, and the deal has been valued at between $2 to $3 billion. Manus’s tech is said to be able to execute complex tasks such as booking flights and conducting… Read More

December 30, 2025 @ 5:11 pm By Omar Faridi  |  

Meta Platforms (NASDAQ:META) has announced its acquisition of Manus AI, a Singapore-headquartered startup specializing in autonomous artificial intelligence agents. The move aims to enhance Meta’s capabilities in deploying versatile AI tools across its ecosystem of consumer apps and enterprise solutions. Manus AI, known for its… Read More

December 20, 2025 @ 11:45 am By Omar Faridi  |  

Aspire, the Singapore-headquartered global fintech, announced it has secured its Electronic Money Institution (EMI) license, laying the foundation for its Dutch operations, and entry into the European Union. The approval marks a key milestone in Aspire’s expansion, unlocking pan-European coverage for clients and “enabling the… Read More

December 19, 2025 @ 1:45 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced financial and capital markets initiatives to deepen financial cooperation with China. The initiatives were announced at the 21st Joint Council for Bilateral Cooperation (JCBC) meeting in Chongqing, China, which was “co-chaired by Singapore Deputy Prime Minister and Minister… Read More

December 19, 2025 @ 1:13 pm By Omar Faridi  |  

Crypto.com announced a strengthening of its fiat payment capabilities with DBS Bank, which is reportedly Southeast Asia’s largest bank by assets.  This highlights Crypto.com’s commitment to working with banks to deliver services under the Monetary Authority of Singapore’s (MAS) framework. Crypto.com users in Singapore may… Read More

December 17, 2025 @ 9:02 pm By Omar Faridi  |  

Olea Global Pte Ltd, a platform enabling global trade, announced the completion of its $30 million Series A round. The funding round was led by BBVA (Banco Bilbao Vizcaya Argentaria, S.A), with participation from XDC Network, theDOCK, others, as well as existing shareholder SC Ventures,… Read More

December 2, 2025 @ 6:19 pm By Omar Faridi  |  

Thunes announced that it has received In-Principle Approval (IPA) for a variation of its Major Payment Institution licence (MPI) from the Monetary Authority of Singapore. This In-Principal Approval marks a key milestone in Thunes’ growth journey and demonstrates the Fintech firm’s ongoing commitment to being… Read More

December 1, 2025 @ 10:18 pm By Omar Faridi  |  

Singapore’s card payments market is expected to grow steadily by 6.2% in 2025, reaching appr. SGD158.2 billion (about $119.6 billion), supported by near-universal bank access, “extensive” merchant acceptance, and increasing use of contactless cards, according to GlobalData, a data and analytics company. GlobalData’s Payment Cards… Read More

December 1, 2025 @ 6:00 pm By Omar Faridi  |  

Ripple, a financial technology company providing crypto solutions for businesses, announced that the Monetary Authority of Singapore (MAS) has approved an “expanded scope” of payment activities for the Major Payment Institution (MPI) license held by its Singapore subsidiary, Ripple Markets APAC Pte. Ltd. (RMA). With… Read More

November 25, 2025 @ 10:09 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced the completion of the Equities Market Review Group’s review and release of its final report. Key measures announced to strengthen the competitiveness of Singapore’s equities market: The establishment of a dual listing bridge connecting the Singapore Exchange (SGX)… Read More

November 17, 2025 @ 10:09 pm By Michael Wong  |  

StraitsX, a Singapore-based stablecoin settlement firm, has secured a $10 million strategic investment from cross-border payments provider UQPAY to fund regional expansion, while existing backer NTT Docomo also joined the round, the company said on Wednesday. StraitsX said the funding strengthens its ability to link… Read More