Tagged: singapore

November 17, 2025 @ 9:04 pm By Omar Faridi  |  

Banking Circle S.A. is pleased to announce that its wholly owned subsidiary BC Payments Pte. Ltd. has now reportedly been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). A key milestone in Banking Circle’s expansion strategy, BC Payments  Singapore… Read More

November 16, 2025 @ 9:54 pm By Michael Wong  |  

Singapore and Cambodia have launched a cross-border QR code payment link that allows Cambodian visitors to pay at merchants across the city-state using their home-grown Bakong system and other mobile banking apps, the National Bank of Cambodia (NBC) said. Under the first phase, Cambodian travellers… Read More

November 15, 2025 @ 11:43 am By Michael Wong  |  

Singapore’s central bank has completed a live trial of using a wholesale central bank digital currency (CBDC) to settle overnight interbank loans, moving its experiments with tokenised assets onto an operational test network. The Monetary Authority of Singapore (MAS) said the trial, conducted on its… Read More

November 13, 2025 @ 8:19 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the UK’s Financial Conduct Authority (FCA) have recently announced a new partnership on artificial intelligence in Finance between Singapore and the United Kingdom (UK) – termed the UK-Singapore AI-in-Finance Partnership. Announced at the Singapore FinTech Festival, the partnership… Read More

November 9, 2025 @ 11:43 pm By Michael Wong  |  

Singapore’s Global Finance & Technology Network (GFTN) and US payments company Ripple said they are launching a capacity-building programme to help policymakers and regulators navigate digital assets, starting in Asia Pacific before expanding globally. The “Decoding Digital Assets” initiative plans to train more than 200… Read More

November 8, 2025 @ 5:21 pm By Michael Wong  |  

Video Rebirth, a Singapore-headquartered artificial intelligence video startup, has raised $50 million to develop software aimed at professional content producers, shifting away from consumer-grade generative tools that have dominated the market. The company did not disclose its valuation or identify investors, describing them only as… Read More

November 5, 2025 @ 6:12 pm By Omar Faridi  |  

Airwallex announced the global launch of its refreshed ‘Airwallex for Startups’ program1, an initiative designed to help founders turn finance into a growth engine. The program positions financial operations as a driver of scalability, resilience, and innovation instead of just a back-office function. Yet for… Read More

November 3, 2025 @ 6:29 am By Michael Wong  |  

Switzerland-based QAI Ventures has partnered with Enterprise Singapore to launch a venture-backed accelerator and an IP-led venture builder targeting QuantumAI startups and advanced computing. The partnership expands a model QAI Ventures has run in Europe and North America, according to an announcement. The initiative adds… Read More

November 1, 2025 @ 11:02 am By Michael Wong  |  

HSBC’s push into startup banking in Asia is gathering pace, adding competition for venture lenders in a market where funding has tightened and founders are leaning more on non-dilutive capital. The bank launched “HSBC Innovation Banking” in Singapore, earmarking a $1.5 billion pool to finance… Read More

October 23, 2025 @ 6:39 pm By Michael Wong  |  

Singapore-based wealth advisory and investment platform Endowus said it had closed a funding round of more than $70 million led by fintech specialist Illuminate Financial, with participation from existing backers Prosus Ventures, Citi Ventures, and Asian family offices. The raise includes $20 million in fresh… Read More

October 20, 2025 @ 2:04 am By Omar Faridi  |  

Creditstar Group, a European fintech providing digital consumer credit in eight markets and fixed-return investment product in 31 countries, has secured an additional $10 million funding facility from Singapore-based Kilde, reportedly increasing the total to $20 million. The capital injection reflects continued institutional confidence in… Read More

October 19, 2025 @ 10:07 pm By Michael Wong  |  

HitPay, a Singapore-based payments platform, said it partnered with licensed crypto payments firm Triple-A to enable more than 20,000 merchants to accept stablecoin payments at online and in-store checkouts while receiving instant settlements in fiat currency. The Monetary Authority of Singapore (MAS)-regulated arrangement targets small… Read More

October 14, 2025 @ 10:30 pm By Omar Faridi  |  

The Singapore High Court has reportedly approved crypto exchange WazirX‘s debt restructuring scheme on October 13, 2025. The announcement has come after the Indian digital currency exchange had been hacked in July of 2024. This court approval in Singapore enables the crypto platform to proceed… Read More

October 11, 2025 @ 9:17 pm By Michael Wong  |  

Fireblocks said that Moomoo will integrate its Wallets-as-a-Service (WaaS) infrastructure to expand and secure the trading platform’s digital-asset offerings, in a move aimed at boosting scalability, reliability and security across Moomoo’s operations. The integration, targeted for completion by end-2025, will connect Moomoo Singapore to the… Read More

October 10, 2025 @ 11:18 am By Michael Wong  |  

Singapore-based YY Group Holding Limited said it will integrate enterprise-grade stablecoin payment infrastructure from Obita to power cross-border receivables, payables and treasury operations across its global gig-work platforms, under a memorandum of understanding. YY Group, a workforce solutions and integrated facilities management provider, said the… Read More

October 10, 2025 @ 1:51 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) demonstrated during Q3 2025 its commitment to upholding the integrity of the financial sector through a series of regulatory and enforcement measures. From July to September, MAS says that it has addressed critical issues ranging from licensing non-compliance and… Read More

October 4, 2025 @ 2:20 pm By Michael Wong  |  

Singapore strengthened its position as the world’s third-largest foreign exchange trading hub, with average daily turnover rising 60% to $1.485 trillion in April 2025 from April 2022, the Monetary Authority of Singapore (MAS) said, citing results of the Bank for International Settlements’ 2025 Triennial Central… Read More

September 30, 2025 @ 3:56 pm By Omar Faridi  |  

Digital assets firm OKX noted that the so-called “next generation” of stablecoin payments begins with the launch of OKX Pay in Singapore. OKX Pay is Singapore’s stablecoin-powered scan-to-pay service, “enabling customers to pay with USDT or USDC stablecoins at GrabPay merchant-partners by scanning their GrabPay… Read More

September 29, 2025 @ 5:38 pm By Michael Wong  |  

Singapore’s financial regulator said disputes over investment-linked policies (ILPs) more than doubled in 2024, prompting new consumer protection measures as the city-state seeks to strengthen oversight of complex financial products. The Monetary Authority of Singapore (MAS) said 211 ILP-related cases were handled by the Financial… Read More

September 27, 2025 @ 10:23 pm By Michael Wong  |  

Singapore’s fintech sector attracted nearly $1.04 billion in the first half of 2025, rebounding strongly after a muted 2024, with investors pouring money into payments, cryptocurrency and artificial intelligence-driven platforms, according to a KPMG report. The funding, spread across 90 deals, marked the highest level… Read More