Tagged: southeast asia

September 16, 2021 @ 6:22 pm By Omar Faridi  |  

The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) recently revealed that malicious actors overseas had been able to divert and use SMS one-time passwords (OTPs) to carry out fraudulent credit card transfers impacting 75 banking clients based… Read More

September 15, 2021 @ 9:00 am By Omar Faridi  |  

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… Read More

September 14, 2021 @ 6:04 pm By Tony Zerucha  |  

Xendit, a payments infrastructure provider serving Southeast Asia, this week announced a $150 million Series C that added it to the list of Southeast Asia unicorns. The round was led by Tiger Global Management with participation from existing investors Accel, Amasia, and Justin Kan’s Goat… Read More

September 14, 2021 @ 10:40 am By Omar Faridi  |  

The Coronavirus crisis has led to an international surge in digital commerce sales and online or all-digital businesses, as nationwide lockdowns have forced customers to engage with e-commerce platforms. As consumers continue to use digital commerce platforms and make cashless payments with virtual cards and… Read More

September 13, 2021 @ 10:40 pm By Omar Faridi  |  

NPCI International Payments Ltd (NIPL), the global division of the National Payment Corporation of India, has teamed up with Liquid Group Pte. Ltd., a cross border payments provider, in order to support UPI QR-enabled payments acceptance in 10 different markets across North Asia and Southeast… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

September 8, 2021 @ 7:34 am By Omar Faridi  |  

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

September 7, 2021 @ 8:34 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More

September 6, 2021 @ 11:37 pm By Omar Faridi  |  

Singapore Exchange (SGX) recently revealed that they’ve created updated rules that will allow Special Purpose Acquisition Companies (SPACs) to list on its Mainboard “effective 3 September 2021.” Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), noted that SGX’s SPAC framework should give firms… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 5, 2021 @ 6:32 pm By Omar Faridi  |  

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More

September 2, 2021 @ 7:57 pm By Omar Faridi  |  

Digital securities exchange ADDX – previously doing business as iSTOX – expects to “enlarge its business in China significantly, after concluding a $200-million agreement tied to a government-granted quota for Chinese offshore investments,” according to an update shared with Crowdfund Insider. The Qualified Domestic Limited… Read More

September 2, 2021 @ 7:04 am By Omar Faridi  |  

The London Stock Exchange Group (LSEG) has introduced a dedicated sustainable finance innovation division in Singapore as a key part of its new LSEG Labs network. As noted by the LSEG, the division will mainly focus on offering sustainable finance solutions and capabilities in order… Read More

August 31, 2021 @ 11:28 pm By Omar Faridi  |  

Singapore-based Zipmex, a digital assets platform, has secured $41 million through a Series B round which was led by Bank of Ayudhya’s VC division, Krungsri Finnovate. Zipmex‘s latest investment round is joined by Plan B Media Public Company Ltd, Master Ad Public Company Ltd, MindWorks… Read More

August 31, 2021 @ 9:01 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More

August 31, 2021 @ 8:58 pm By Omar Faridi  |  

Vietnam-based virtual bank Cake reveals that it has chosen Cloud banking service provider Mambu in order to scale its business operations towards providing a comprehensive range of digital banking solutions. As noted by its management, Cake is a “lifetime free digital bank with a mission… Read More

August 31, 2021 @ 8:19 pm By Omar Faridi  |  

Singapore-based Network for Electronic Transfers (NETS), an electronic payment solution provider, has confirmed the appointment of Susan Hwee, UOB’s Head of Group Technology and Operations as its new Chairperson. Susan’s appointment should become effective from September 1, 2021. The chairmanship of NETS is usually rotated… Read More

August 30, 2021 @ 10:42 pm By Omar Faridi  |  

GCash, a leading mobile wallet provider in the Philippines, reports steady growth as it saw a significant rise in its number of users from 20 million in January 2020 to 46 million in June 2021, according to a release. The GCash app also had more… Read More

August 30, 2021 @ 8:31 pm By Omar Faridi  |  

Philippines-headquartered financial services center PERA HUB has teamed up with Brankas, an Indonesia-based open API tech provider, in order to introduce a digital remittance platform, called PERA HUB Conex. As noted by its management: “PERA HUB is the country’s foremost urgent transaction center for money… Read More

August 30, 2021 @ 10:10 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, revealed on August 30, 2021 that 15 finalists were selected for the international competition to create a retail Central Bank Digital Currency (CBDC) solution (Global CBDC Challenge). The finalists include financial institutions,… Read More