Tagged: southeast asia

August 16, 2022 @ 1:07 am By Omar Faridi  |  

Syfe, which claims to be a leading digital investment platform headquartered in Singapore officially launched in Australia. This is Syfe’s third market “after its launch in Hong Kong last quarter.” In July, Syfe celebrated its third anniversary and “revealed that it had reached a significant… Read More

August 15, 2022 @ 11:47 pm By Omar Faridi  |  

Atome Financial recently revealed that it has committed to a $100 million debt facility with HSBC Singapore in order to support its flexible deferred payments business across Asian markets. The Fintech firm is an umbrella business division that’s made up of two main brands; buy… Read More

August 14, 2022 @ 2:05 pm By Omar Faridi  |  

Google Cloud recently revealed that it intends to expand to Malaysia in order to address rising demand for Cloud services in the Asia Pacific region. Other areas that Google Cloud is considering reportedly include Thailand, New Zealand, Germany, Saudi Arabia, Qatar, Mexico, Israel, and Turin…. Read More

August 13, 2022 @ 7:22 pm By Omar Faridi  |  

Southeast Asia-based Regtech company Tookitaki recently revealed that it has launch operations in the Philippines via a collaboration with payment gateway provider Paymongo. Tookitaki is based in Singapore and offers comprehensive financial crime solutions to major financial institutions. Ahead of its launch, Tookitaki had teamed… Read More

August 11, 2022 @ 9:53 pm By Omar Faridi  |  

The Stock Exchange of Thailand (SET), in partnership with Bloomberg, has reportedly established a “Fin Lab” in order to support the next generation of capital markets professionals. Supported with a suite of market data and analytical tools from Bloomberg, the Fin Lab has entered working… Read More

August 10, 2022 @ 9:55 pm By Omar Faridi  |  

Nearly 70 female secondary students across 26 schools in Singapore got the opportunity “to develop technology solutions for real world problems” in the country’s second annual edition of GenerationTech – J.P. Morgan’s flagship youth program that “aims to close the gender gap in technology careers.”… Read More

August 8, 2022 @ 9:09 pm By Omar Faridi  |  

The Malaysian card payments market is “set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s financial inclusion measures, and increasing preference for contactless payments,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment… Read More

August 7, 2022 @ 10:22 pm By Omar Faridi  |  

BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network. This reportedly includes England, Northern Ireland, Scotland, and Wales in the UK, and 34 nations across Europe, including France, Germany, Italy, Belgium, and Spain…. Read More

August 7, 2022 @ 8:25 pm By Omar Faridi  |  

The Consumer Credit Oversight Board Task Force in Malaysia recently shared the Consumer Credit Act consultation document, which is the new act that aims to properly regulate and consolidate all consumer credit activities under its unit, and to also support “fair” lending and “responsible” conduct… Read More

August 7, 2022 @ 7:07 pm By Omar Faridi  |  

Network for Electronic Transfers (NETS), which is Singapore’s payment services group, and National ITMX, Thailand’s inter-bank payment infrastructure and central data processing system, recently confirmed the expansion of their cross-border QR payment partnership. This collaboration will aim to support inbound and outbound international payments between… Read More

August 6, 2022 @ 8:43 pm By Omar Faridi  |  

Roxe, a blockchain infrastructure company powering the next generation of payments and digital commerce solutions, has announced a partnership with the Philippines’ micro financial services provider, Cebuana Lhuillier. The partnership will “facilitate seamless cross-border remittance payments for clients in the Philippines by utilizing Cebuana Lhuillier’s… Read More

August 6, 2022 @ 11:37 am By Omar Faridi  |  

​Ms. Vachira Arromdee, Deputy Governor of the Bank of Thailand (BOT), has noted that central banks around the world “have focused closely on the development of Retail CBDC and see the potential of Retail CBDC as being the foundation of the future financial system.” The… Read More

August 4, 2022 @ 11:27 pm By Omar Faridi  |  

Bitso, the cryptocurrency platform in Latin America with over 5 million users, and Everest, the “first” licensed crypto custodian offering stablecoins, announced their partnership to provide Everest users “with the ability to receive cross-border transactions from the US, Europe, and Singapore into Mexico.” The Mexico-US… Read More

August 1, 2022 @ 11:17 pm By Omar Faridi  |  

Finance Secretary (in the Philippines) Benjamin Diokno recently noted that the government will be focused on accelerating the rollout of the Philippine Identification System (PhilSys ID) in order to further expand public access to financial products/services while achieving “e-governance.” Former President Rodrigo Duterte had reportedly… Read More

August 1, 2022 @ 10:43 pm By Omar Faridi  |  

TNG Digital, the owner and operator of the Touch ‘n Go eWallet, has secured RM 750 million (appr. $168.5 million) as part of its latest round of equity funding. This investment round has been led by a fresh investment from the Lazada Group and a… Read More

July 31, 2022 @ 7:01 pm By Omar Faridi  |  

The International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) recently exchanged a Memorandum of Understanding (MOU) on supervisory cooperation “in the presence of the Honorable Prime Minister of India Shri. Narendra Modi at GIFT City, Gandhinagar, India.” The MOU provides… Read More

July 31, 2022 @ 2:47 am By Omar Faridi  |  

Singapore-based equity management company Qapita announced that it has completed the acquisition of India’s ESOP Direct via a full cash transaction. This should see Qapita secure complete ownership of ESOP Direct’s operating entities from its existing shareholders. With this strategic acquisition, Qapita should become one… Read More

July 27, 2022 @ 9:56 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Program “to drive the innovation, incubation and scaling of climate FinTech solutions in Asia.” The Program is “a collaboration under MAS’ Project Greenprint and seeks to use climate FinTech… Read More

July 26, 2022 @ 1:17 pm By Omar Faridi  |  

Ripple, which claims to be the leader in enterprise blockchain and crypto solutions,  announced a partnership with Singapore-based major payments institution FOMO Pay, which will “utilize Ripple’s crypto-enabled enterprise technology to improve its cross-border treasury flows.” On-Demand Liquidity (ODL) leverages XRP, the digital asset “built… Read More

July 25, 2022 @ 10:31 pm By Omar Faridi  |  

Ablr, a Buy Now Pay Later (BNPL) platform, recently revealed that it has now gone live in Malaysia. At present, the company has a network of more than 30 different brands in Malaysia and Singapore, which span around 250 merchant points. First-time consumers may download… Read More