Tagged: southeast asia

June 22, 2023 @ 9:10 am By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise blockchain and crypto solutions, announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS). This license will allow… Read More

June 21, 2023 @ 8:04 am By Omar Faridi  |  

Gemini is pleased to announce their expansion plans in APAC as Gemini’s leadership team recently visited the region on their global odyssey “to propel the promise of crypto.” Over the next 12 months, they plan “to increase their headcount to 100+ in Singapore.” Gemini’s APAC… Read More

June 21, 2023 @ 7:51 am By Omar Faridi  |  

Mambu has strengthened its presence in Thailand with the appointment of a new in-country team, led by Woratep Yunyongkul as Country Manager and Wiwat Masuchun as Regional Partner Manager. With extensive experience in banking and technology fields, the new Mambu Thailand team is poised “to… Read More

June 20, 2023 @ 11:02 pm By Omar Faridi  |  

Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to enhance cooperation between the Philippines and India in the field… Read More

June 19, 2023 @ 11:35 am By Omar Faridi  |  

We recently connected with Andrew Saks, who talked about the importance of financial inclusion for the vast majority. Notably, 1.4 billion people remain unbanked, which takes several countries in Southeast Asia to allow a larger virtual currency ecosystem to take root in their countries. The… Read More

June 18, 2023 @ 3:41 pm By Omar Faridi  |  

Sygnum announces the upcoming expansion of its regulated operations in Singapore following the in-principle approval of its Major Payment Institution Licence (MPIL) application. The expanded Singapore offering includes regulated crypto brokerage service. It marks the latest expansion of Sygnum Singapore’s regulated activities “following the three-part… Read More

June 18, 2023 @ 3:38 pm By Omar Faridi  |  

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

June 13, 2023 @ 10:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the 8th edition of the Global Fintech Hackcelerator, titled “Artificial Intelligence (AI) in Finance Global Challenge”, in order to “produce innovative and market-ready AI solutions that can transform the financial services industry.” The competition is “conducted in… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 11, 2023 @ 12:03 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has launched a service that allows international remittance companies to facilitate overseas remittances into the Philippines. The market for Philippine Peso remittances “is huge since there is a large number of Filipino migrant workers all around the globe.”… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

June 7, 2023 @ 12:01 pm By Omar Faridi  |  

Pepper Advantage, a global credit intelligence company, has obtained an AFPI fintech license to service the growing number of non-bank credit providers operating in Indonesia. With 112 fintech companies providing secured and unsecured credit products, non-bank lenders are “a significant factor in providing digital financial… Read More

June 6, 2023 @ 8:43 pm By Omar Faridi  |  

Redseer Strategy Consultants released a report titled ‘Future of Online Payments’ in collaboration with Plural by Pine Labs. The report “highlights growth projections for the forecast period FY23-26 and shares insights on segments like UPI, Bharat Bill Payment System (BBPS), Embedded Finance, and e-commerce.” As… Read More

June 5, 2023 @ 8:27 am By Omar Faridi  |  

Crypto.com announced that it has received its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com “receiving its in-principle approval from MAS in June 2022.” With this license, Crypto.com can “continue to… Read More

June 1, 2023 @ 10:42 pm By Omar Faridi  |  

NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has raised $53.6m. The investment round was “led by Finch Capital, and includes participation from Outpost Ventures, a Neuberger Berman fund, with participation from individuals.” Peter Burridge,… Read More

May 31, 2023 @ 9:28 pm By Omar Faridi  |  

Rakkar Digital, a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong, is pleased to announce the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody technology. The announcement follows “a USD 10… Read More

May 31, 2023 @ 12:27 pm By Omar Faridi  |  

Next Capital has partnered with Mambu to launch a new suite of lending products in just four months. Leading Thai technology-driven auto leasing company Next Capital Public Company (Next Capital) has partnered with Mambu, “launching a new suite of lending products on Mambu’s SaaS cloud-native… Read More

May 29, 2023 @ 5:35 pm By Omar Faridi  |  

UOB Malaysia announced the launch of its refreshed mobile banking app, UOB TMRW. The all-in-one app, “powered by leading technologies including data analytics, artificial intelligence (AI) and machine learning models, underscores the Bank’s commitment to provide customers with a simpler, smarter and more personalized banking… Read More

May 29, 2023 @ 4:37 pm By Omar Faridi  |  

Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd., has now secured digital asset operator licenses from the country’s Ministry of Finance. Digital asset operators are “regulated by Thailand’s Securities and Exchange Commission (SEC).” Gulf Binance will be able “to… Read More

May 27, 2023 @ 4:49 pm By Omar Faridi  |  

MoMo, which claims to be one of Vietnam’s leading fintech companies, recently announced that it now offers customers of Vietnam’s Apple Store Online flexible payment options, “with the launch of monthly Instalments for Apple Store Online.” With this new feature, Vietnamese customers will “have the… Read More