Tagged: southeast asia

November 21, 2023 @ 9:04 am By Omar Faridi  |  

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

November 20, 2023 @ 10:39 pm By Omar Faridi  |  

The latest Residential Property Price Survey conducted by Bank Indonesia in the third quarter of 2023 indicates “that residential property prices in the primary market are still rising annually, with growth of the Residential Property Price Index (RPPI) accelerating to 1.96% (yoy) from 1.92% (yoy)… Read More

November 20, 2023 @ 9:25 pm By Omar Faridi  |  

​Personal remittances from Overseas Filipinos (OFs) in September 2023 have reportedly “reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year.” The growth in personal remittances in September 2023 was driven “by increased remittances from 1) land-based workers… Read More

November 20, 2023 @ 6:12 pm By Omar Faridi  |  

Thunes and Kapronasia, a strategic advisory and financial services consultancy, have issued a report, “From Cash to QR codes: Unpacking Southeast Asia’s Diverse Consumer Payments Culture,” examining the region’s world-leading payment landscape. The report explores why payment digitization has been on the rise in Southeast… Read More

November 19, 2023 @ 5:18 pm By Michael Wong  |  

Green fintech has become a promising new growth area in Southeast Asia, with green fintech firms bringing innovative solutions to help businesses and governments address challenges and opportunities of going green. This insight was part of the report – Fintech in ASEAN 2023: Seeding the… Read More

November 19, 2023 @ 2:45 pm By Omar Faridi  |  

Bordier & Cie (Singapore) is Sygnum Singapore’s first B2B client since the latter received its MAS Major Payment Institutions license in October 2023 and launched its regulated Digital Payment Token (DPT) brokerage service. Globally, Sygnum has enabled “the 15+ banks and international financial institutions on… Read More

November 19, 2023 @ 5:24 am By Omar Faridi  |  

Maybank announces that all transactions from Maybank2u Biz app and web platforms will require Secure2u authorisation. All Maybank2u Biz account holders are “recommended to activate the Secure2u authorization before 26 November 2023. Any activation of Secure2u for Maybank2u Biz app after 26 November 2023 will require a… Read More

November 17, 2023 @ 8:42 am By Omar Faridi  |  

OurCrowd, a global digital investment platform, and RISE, the corporate innovation powerhouse based out of Southeast Asia, announced the launch of the ROCX (Rise OurCrowd Exponential) Fund. The $50 million fund is Thailand’s “first” Israel-focused VC fund and “will invest in early-stage deep technologies in… Read More

November 13, 2023 @ 10:06 pm By Omar Faridi  |  

dtcpay is pleased to announce their partnership with PlatON, a firm focused on privacy-preserving digital public infrastructure, and Tonghua International’s Allinpay International, a global Fintech payments solution. dtcpay, PlatON, and Allinpay International announce collaboration will “launch an innovative digital currency payment system based on smart… Read More

November 11, 2023 @ 6:22 pm By Omar Faridi  |  

Maybank announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying Maybank’s existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions. This initiative aims to benefit over 8… Read More

November 11, 2023 @ 11:09 am By Omar Faridi  |  

Cryptocurrency lender Hodlnaut has started its liquidation in Singapore. As widely reported, Hodlnaut is to be liquidated in Singapore following a failed attempt to restructure the firm’s business operations. The company reportedly lost funds during the Terra/Luna collapse and the demise of FTX in late… Read More

November 9, 2023 @ 11:18 am By Omar Faridi  |  

Following a “strong” year of growth, global fintech platform Airwallex has recently  announced business highlights in Singapore. In the first half of 2023, Airwallex Singapore “saw 13x growth (1213%) in year-on-year revenue and more than 11x growth (1015%) in total transaction volume as businesses in… Read More

November 6, 2023 @ 11:53 pm By Omar Faridi  |  

Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from global small business platform Xero. The report titled “Money matters: navigating the impact of… Read More

October 31, 2023 @ 11:56 pm By Omar Faridi  |  

Fave, a consumer fintech platform in Southeast Asia and India, has announced its participation in the SGQR+ POC led by the Monetary Authority of Singapore (MAS). The SGQR+ POC will be limited “to Districts 16 and 17 of Singapore and showcased during the Singapore FinTech… Read More

October 30, 2023 @ 6:11 am By Michael Wong  |  

YouTrip, a multi-currency digital payments platform in Southeast Asia, has successfully secured $50 million in its latest Series B fundraising round, according to an announcement. This round was led by Lightspeed, a global venture capital firm and a new investor in YouTrip, propelling the company’s… Read More

October 27, 2023 @ 12:49 pm By Omar Faridi  |  

We recently spoke with Markus Prommik, CEO and Co-founder of Finfra, a Fintech platform that develops white-labeled lending products for non-Fintech companies seeking to integrate financial services into their platforms. Based in Jakarta, Indonesia, Finfra not only provides practical embedded lending solutions to their clients… Read More

October 22, 2023 @ 10:32 pm By Omar Faridi  |  

Tonik, the digital bank in the Philippines, is pleased to announce its newest strategic partnership with life insurance company Sun Life Grepa Financial, Inc.. This transformative collaboration aims “to enhance the financial well-being of the companies’ valued customers.” The focal point of this groundbreaking partnership… Read More

October 21, 2023 @ 1:31 pm By Michael Wong  |  

PayPal Holdings, Inc. announced its investment in the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) by Sweef Capital and Quona Opportunity Fund. This collaboration aims to propel women’s participation in global economics and finance. This strategic move is a part of PayPal’s pledge to support… Read More

October 12, 2023 @ 6:08 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, introduced its latest product innovations at Stripe Tour Singapore. Stripe products are positioning businesses of all sizes in Southeast Asia “to take advantage of surging consumer demand in the region for online goods and services.” A recent Stripe… Read More

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More