Tagged: southeast asia

August 17, 2021 @ 4:44 pm By Tony Zerucha  |  

PayU, this week announced its controlled company Red Dot Payment, a Southeast Asia-focused online payment solutions provider, has received direct acquiring licenses and connectivity to Visa and Mastercard. The expansion of PayU’s offering in South East Asia with Red Dot Payment’s direct credit card acquiring… Read More

August 16, 2021 @ 9:07 pm By Omar Faridi  |  

The team at digital asset firm Gemini has released their Singapore market report, which reveals that the COVID-19 crisis led to two-thirds of investors in the Southeast Asian country to increase their cryptocurrency holdings. As noted by Gemini: “Today (August 14, 2021), we are excited… Read More

August 16, 2021 @ 8:37 pm By Omar Faridi  |  

Vesta, the only “instant, end-to-end” transaction guarantee platform for making online purchases, recently revealed that it has been chosen by Bukalapak, which is one of Indonesia’s biggest tech firms. According to a release, Bukalapak will be leveraging Vesta’s extensive fraud prevention solution “to maximize approvals… Read More

August 16, 2021 @ 6:34 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

August 15, 2021 @ 9:14 pm By Omar Faridi  |  

WorldRemit, a UK-based digital cross-border payments firm, recently introduced its money transfer services in Malaysia’s markets through its app and web-based platform. Clients are now able to send funds from Malaysia, in addition to 50 other nations including the United Kingdom and the US, to… Read More

August 13, 2021 @ 4:09 pm By Omar Faridi  |  

To serve residents in the Philippines that don’t have an established financial history, consumer lending firm SB Finance has teamed up with FinScore to enhance its credit scoring process using alternative data. By leveraging FinScore’s Telco Credit Scoring solution, SB Finance can reliably predict the… Read More

August 11, 2021 @ 11:30 am By Omar Faridi  |  

Fraxtor Private Ltd, an online real estate platform, has acquired in-principle approval for its Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS). The CMS License, after it’s issued, should allow Fraxtor to issue security tokens including debentures and collective investment schemes… Read More

August 8, 2021 @ 9:32 pm By Omar Faridi  |  

Mobile wallet provider GCash has teamed up with Fintech firm Ayannah, a Philippines-based startup that aims to offer affordable and more accessible digital financial services. Through the partnership, the companies will be introducing GCash Padala. GCash Padala, a new remittance service, should enable GCash’s 40… Read More

August 8, 2021 @ 8:01 pm By Omar Faridi  |  

Digital banking challenger BigPay, which is one of the fastest-growing Fintechs in the ASEAN region, recently revealed that it has acquired $100 million in funding from South Korea’s conglomerate SK Group. As noted by its management: “BigPay [is] on a mission to challenge traditional banking… Read More

August 8, 2021 @ 5:27 pm By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash has shared its performance update for its loan originations made during H1 2021. The Robo.cash team writes in a blog post that as the first half of this year has now passed, they’re pleased to share with you their most recent… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

August 2, 2021 @ 10:47 pm By Omar Faridi  |  

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

August 2, 2021 @ 10:27 pm By Omar Faridi  |  

CIMB Bank and CIMB Islamic Bank have introduced the CIMB OctoSavers Savings Account-i, which is the first all-digital Islamic account where the account opening and onboarding process is carried out completely online. New clients will also get the newly introduced Octo Debit Mastercard via mail… Read More

August 2, 2021 @ 10:02 pm By Omar Faridi  |  

Blockchain Association Singapore (BAS) reveals that it has appointed Richard Teng, former CEO at the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as a member to its Advisory Board. Teng brings extensive experience working in the global financial and Fintech industry across… Read More

August 2, 2021 @ 9:42 pm By Omar Faridi  |  

Malaysia-based telecommunications service provider U Mobile’s standalone digital wallet GoPayz has teamed up with gold bullion trader ACE Capital Growth (ACE), which operates as a subsidiary of Ace Innovate Asia. Through their partnership, the companies are introducing  GoGold. As noted on its official website, GoPayz… Read More

August 2, 2021 @ 9:26 pm By Omar Faridi  |  

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, and Temasek have entered into an agreement to introduce a $500 million growth or early-stage debt financing platform, known as EvolutionX Debt Capital. Based in Singapore, EvolutionX… Read More

July 31, 2021 @ 7:44 pm By Omar Faridi  |  

NextPay, a digital platform that provides business owners and entrepreneurs with banking services, has acquired $1.6 million (more than P80 million) in capital via a seed round. As noted by its management: “NextPay is the best alternative to bank accounts for small businesses and entrepreneurs… Read More

July 31, 2021 @ 2:43 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

July 28, 2021 @ 10:38 pm By Omar Faridi  |  

Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier. Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk… Read More