Tagged: southeast asia

January 8, 2023 @ 5:57 pm By Omar Faridi  |  

Malaysia-based payments network and infrastructure provider PayNet has recently appointed Gary Yeoh as the firm’s new Chief Commercial Officer. The appointment to oversee PayNet’s commercial operations comes after quite a notable year for Yeoh, who is reportedly a veteran of the Malaysian payments sector and… Read More

January 7, 2023 @ 11:57 am By Omar Faridi  |  

Global blockchain technology solutions provider ChainUp Group announced the appointment of Ms. Tan Bin Ru as its Deputy Chief Executive Officer cum Chief Operating Officer, “effective 3 January 2023, as part of the company’s business growth plan.” In this role, Ms. Tan will “work closely… Read More

January 6, 2023 @ 7:27 pm By Omar Faridi  |  

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

January 6, 2023 @ 8:53 am By Omar Faridi  |  

On 28 December 2022, the High Court in Singapore sentenced Mr Soh Chee Wen (also known as John Soh), and Ms Quah Su-Ling to a total of 36 and 20 years’ imprisonment respectively “for, among other things, orchestrating an elaborate scheme to manipulate the shares… Read More

January 3, 2023 @ 9:01 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines revealed that it will be making a full shift towards all-digital payments by February 1, 2023. The general public residing in the Southeast Asian country will be using the eSPAYSEC that was introduced in March 2022,… Read More

January 3, 2023 @ 7:34 am By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced it has been selected by the Employees Provident Fund Board of Malaysia (EPF) to deliver a transformational investment accounting project. In addition to custody solutions BNY Mellon provides for the EPF, this broader remit aims to deliver “a solution for… Read More

January 1, 2023 @ 9:37 am By Omar Faridi  |  

Darwinbox, which claims to be one of the fastest-growing HR technology unicorns, announced the appointment of Panuwat Benrohman (Ben) as the Managing Director and Country Head for Thailand. Panuwat (Ben) is the latest addition to Darwinbox’s growing Regional Leadership team and will be “at the… Read More

December 27, 2022 @ 8:42 pm By Omar Faridi  |  

Akulaku, a banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group (MUFG). The investment round “provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast… Read More

December 24, 2022 @ 11:06 am By Omar Faridi  |  

The World Economic Forum has launched the ASEAN Digital Generation Report 2022, the sixth edition of the report since 2017. This year’s report “examines digital financial services, gaps in access and where businesses, governments, and civil society organizations need to improve financial inclusion.” The report… Read More

December 16, 2022 @ 8:27 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS). The license, once received, “will allow Payoneer to offer additional payments… Read More

December 14, 2022 @ 11:05 pm By Omar Faridi  |  

Azentio Software, a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced that National Bonds, the UAE’s Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has “selected Azentio’s Islamic Banking solution, iMAL, to support its quest to improve process… Read More

December 14, 2022 @ 4:05 pm By Omar Faridi  |  

American Express (NYSE: AXP) announced it has opened a new Decision Science Center of Excellence (CoE) in Singapore that will deliver global data-driven solutions. The CoE will “focus on data science applications in the areas of credit and fraud risk model development and production using… Read More

December 11, 2022 @ 10:15 pm By Omar Faridi  |  

BI-FAST, Indonesia’s domestic real-time payments scheme — provided by Bank Indonesia and powered by ACI Worldwide (NASDAQ: ACIW), a key player focused on mission-critical, real-time payments software — has announced plans “to launch a wide range of new real-time payment services as the scheme celebrates… Read More

December 11, 2022 @ 10:06 pm By Omar Faridi  |  

Earned Wage Access (EWA) service provider Paywatch has reportedly secured $9 million via a pre-Series A funding round that was led by existing investor Third Prime. The investment round also included contributions from Hana Ventures which is the venture division of Hana Financial Group in… Read More

December 11, 2022 @ 9:58 pm By Omar Faridi  |  

Boost, which claims to be the leading regional full-spectrum fintech arm of Axiata, and Payments Network Malaysia (PayNet), the national retail payments network infrastructure announced that Boost merchants in Malaysia can now “accept cross-border payments from Thailand tourists via its DuitNow QR.” This new feature… Read More

December 11, 2022 @ 9:57 pm By Omar Faridi  |  

Union Bank of Philippines, a “long-standing” partner of Hex Trust, is expanding their digital asset exposure by “tapping into the metaverse.” As a continuation of their “Tech-up Pilipinas” advocacy, UnionBank has announced their entrance “to The Sandbox, with the help of Hex Trust’s digital asset… Read More

December 7, 2022 @ 10:38 pm By Omar Faridi  |  

BDx Indonesia, a joint venture company of Big Data Exchange (BDx), PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), and PT Aplikanusa Lintasarta, and the largest wholesale data center and cloud-focused operations creating digital infrastructure in the Indonesian market, is pleased “to announce the appointment… Read More

December 5, 2022 @ 11:49 pm By Omar Faridi  |  

Tonik Financial Pte. Ltd., the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. in order “to acquire its Philippine business, operating under the brand name ‘TendoPay’.” This deal, which is “subject… Read More

December 5, 2022 @ 11:15 pm By Omar Faridi  |  

2C2P, a global payments platform and merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) “across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand.” Unlike other BNPL offerings, Pine Labs claims that… Read More

December 2, 2022 @ 9:26 pm By Omar Faridi  |  

SCB 10X, the venture investment arm of SCBX group, building and incubating startups in the Web3 and blockchain industry, announced the launch of SCB 10X DISTRICTX, a physical space in the middle of Bangkok CBD “to build & foster world-class communities in Blockchain and Web3.”… Read More