Posts From Fintech News Singapore
PhonePe Snaps up Another US$100 Million Investment From General Atlantic
Indian digital payments company PhonePe has secured an additional US$100 million investment from its existing investor General Atlantic, a global growth equity firm, as part of its ongoing efforts to close an ongoing US$ 1 billion financing round. This latest
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Ripple Launches Platform to Enable Central Banks to Issue Their Own CBDCs
Ripple, a blockchain and crypto solutions provider, has launched a new platform to enable central banks, governments, and financial institutions to issue their own central bank digital currency (CBDC). The Ripple CBDC Platform will be leveraging the same blockchain technology
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AWS to Invest US$12.7 Billion in India by 2023, Creates Massive Job Opportunities
Amazon Web Services (AWS) plans to invest INR 1,05,600 crores (US$12.7 billion) in India by 2030 to meet growing customer demand for cloud services in India. This planned investment in data center infrastructure in India will support an estimated average
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Majority of APAC Consumers Prefer Remittance Services to Be Offered in a Super App
Six in ten consumers in Asia-Pacific (APAC) prefer to use digital-only solutions for their remittance and money movement needs, a trend that’s emerging on the back of changing consumer preferences and demand for greater convenience, better planning and improved inclusivity,
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MAS, NY Fed Publish Report on Wholesale CBDC Study for Cross Border Payments
The New York Federal Reserve and the Monetary Authority of Singapore (MAS) has published the report on the findings of their cross-border payments study. The Project Cedar Phase II x Ubin+ (Cedar x Ubin+) experiment found that distributed ledger technology
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Temenos Rolls Out AI-Powered Digital Mortgage Solution
Banking software company Temenos has rolled out an AI-powered mortgage solution to will help lenders deliver a personalised digital mortgage experience while reducing their costs and time to close. The composable and highly scalable solution is said to be suitable
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2C2P, AMK to Expand Remittance Coverage Between Thailand and Cambodia
2C2P, a payment gateway service provider founded in Thailand, has partnered with Cambodia’s AMK Microfinance Institution to expand its international remittance service “easy2send” between Thailand and Cambodia. easy2send by 2C2P was launched in 2019, supporting real-time money transfers from Thailand
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Ripple Snaps up Swiss Custody Provider Metaco in US$250 Million Deal
Ripple, a blockchain and crypto solutions provider, has acquired Metaco, a Swiss-based provider of digital asset custody and tokenisation technology, for US$250 million. Through this acquisition, Ripple will be able to expand its enterprise offerings by diversifying into custody solutions
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bolttech Now Valued at US$1.6 Billion With US$196 Million Series B
Singapore-based insurtech firm bolttech has raised US$196 million during its Series B fundraise led by Japan’s Tokio Marine with a valuation of US$1.6 billion. The firm had shared the announcement back in October 2022 that Tokio Marine will be leading
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Visa Picks 7 New Startups for 2023 APAC Accelerator Programme
Payments giant Visa announced that it has selected seven new startups to be a part of its Visa Accelerator Programme in Asia Pacific (APAC). The seven startups that were selected from over 450 applicants to be a part of the
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