Tagged: southeast asia

Insurtech: bolttech Teams Up with Viettel Telecom in Vietnam to Introduce Insurance via their Mobile App

lukasz saczek unsplash Hanoi Vietnam

International Insurtech, bolttech, has announced its partnership with one of Vietnam’s telecommunications network operators, Viettel Telecom. The partnership launches an insurance offering, “powered by bolttech’s insurance exchange platform, on Viettel’s customer app MyViettel with products including health, travel, home, car, and motorbike.” bolttech has cooperated… Read More

Affin Bank and MYTHEO to Provide Robo-Advisory Services for Mass Affluent in Malaysia

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Affin Bank recently revealed that it had entered a partnership with GAX MD (MYTHEO), a Robo-advisor that’s regulated by the Securities Commission Malaysia. MYTHEO is an algorithm-based and automated discretionary investment portfolio management service that’s enhanced by Al. This latest partnership is the “first” of… Read More

Insurtech: CTOS Partners with PolicyStreet to Provide Auto Insurance, Road Tax Renewal in Malaysia

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CTOS Digital, via its subsidiary firm, CTOS IDS, is further expanding its range of services with the introduction of CTOS Car Insurance, an online platform for car insurance and road tax renewal with assistance from Insurtech PolicyStreet.com. This new product offering enables clients to make… Read More

Southeast Asia’s Coins.ph Secures $30M via Series C to Accelerate Investment in Web3

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Coins.ph, the Philippines’ fiat and crypto wallet services provider and Joffre Capital portfolio company recently announced the completion of a $30 million Series C financing led by Ribbit Capital, and “joined by other strategic investors.” The new capital will be used “to further expand its… Read More

Fintech Firm Xendit Secures $300M via Series D Co-Led by Coatue and Insight Partners

Singapore Asia

Xendit, one of the “fastest-growing” payments infrastructure platforms for Southeast Asia, announced that it closed $300 million in Series D funding, “taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.” Coatue and Insight Partners co-led the investment round “with… Read More

Zipmex Group Invests in Forward to Accelerate Business Growth, Strengthen Crypto Ecosystem

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Zipmex Group, a Southeast Asia-based digital asset platform, has invested in Forward, a Thai-based Fintech company specialized in DeFi Derivatives Trading, “backed by Genesis Block Ventures Capital is now valued at $50 million.” The investment, made by Zipmex’s business unit, Zipmex Labs, aims “to increase… Read More

Big Data Exchange (BDx) Expands Into Indonesia via $300M Venture

indonesia flag

Big Data Exchange (BDx), a data center solutions provider in Asia Pacific, recently announced that it has entered a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, “together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat… Read More

Rewire Insurance to Cover Migrants’ Families in the Philippines

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Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

Digital Transformation: QR Code Payments Increasingly being Adopted Globally, Research Report Reveals

QR Code Fintech Insider

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

Aussie Fintech Peppermint Innovation Granted License to Operate as E-Money Issuer in the Philippines

Australia Money

Peppermint Innovation (ASX: PIL) has reportedly been granted a license in order to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines, “in one of the biggest regulatory milestones achieved by the company.” The EMI license authorizes the company “to… Read More

Netbank Introduces Netizen Mobile Banking App as a “One-Stop” Banking Solution

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Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More

Coinhako Acquires MPI License to Offer Digital Payment Token Services in Singapore

Marina Bay Sands Hotel Singapore Asia

The team at Coinhako is pleased to confirm that their firm has been granted the Monetary Authority of Singapore’s (MAS) official approval “for a Major Payment Institution (MPI) license.” Securing the full license means that the firm will be able “to legally operate as regulated… Read More

Singapore based Digital Asset Investment Firm KoinBasket Acquires $2M via Pre-seed Round

Marina Bay Singapore Asia

KoinBasket, a Singapore-headquartered digital asset investment platform, recently finalized a $2 million pre-seed round. KoinBasket says that it plans to use the proceeds from the investment round to further expand its professional team and onboard talent. The round has reportedly been led by investors such… Read More

Netbank Partners with V5 Pay Philippines to Enable SMEs with Secured Payment Experience

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Netbank has reportedly entered a partnership with V5 Pay Philippines in order to enable its partner merchants, from micro, small, medium enterprise (SMEs) and large corporations, “with a more seamless and secured payment experience.” The roll-out of these schemes will “allow the V5 Pay platform… Read More

Real-Time Payments “Evolution” Underway as APAC Seeks Growth Frontiers: Report

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Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

Asia-Pacific Region Regulators Sharply Focused on Fintech Regulatory Frameworks Due to Unprecedented Digitalization: Report

Bhudda Temple Singapore Asia

In the APAC region, regulatory authorities have reportedly been working on frameworks and guidelines in order take account of various products and services that are being launched due to ongoing Fintech innovation and the rise of emerging technologies. However, with the COVID crisis significantly accelerating… Read More

Australia, Singapore to Deepen Fintech Collaboration

Australia

Australia Treasury and the Monetary Authority of Singapore (MAS) recently signed the Australia-Singapore Fintech Bridge Agreement in order “to strengthen cooperation between the Fintech ecosystems of both countries.” The commencement of discussions to develop the Fintech Bridge was “announced in June 2021, when Australian Prime… Read More

UOB Malaysia to Appoint Ng Wei Wei as New Chief Executive Officer

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UOB Malaysia confirmed that it will be appointing Ng Wei Wei as their very first female Chief Executive Officer, effective from May 1, 2022 and onwards. Ng Wei Wei will reportedly be succeeding Wong Kim Choong, who will leave the role after leading the banking… Read More

Pine Labs Makes Majority Investment into Mosambee, a Payment Solution Provider in India

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Merchant commerce platform, Pine Labs recently announced that it has made a “significant” majority investment into Mosambee, an end-to-end payment solution provider in India. This investment by Pine Labs will now “value Mosambee at upwards of USD 100m.” Amrish Rau, CEO at Pine Labs, said:… Read More

FOMO Pay Introduces Crypto Payment Solution for Singapore Clients

Marina Bay Sands Hotel Singapore Asia

Retailers in Singapore can now accept digital payment tokens (DPT), through a new cryptocurrency payment solution introduced by Singapore-based Major Payment Institution FOMO Pay. The new payment method intended for retailers is reportedly “the first such to be developed by a Digital Payment Token (DPT)… Read More

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