Author: Company Announcement

Azimo, a digital disrupter of traditional money transfer services, extends its cash pick-up service enabling customers in the Philippines to collect money minutes after money transfer is made. In a revolutionary step for the Philippines market, Azimo’s direct service ensures that money sent from any of its 22 send-countries across Europe, will get to recipients typically within just 1 hour and can be collected on any day that is convenient for them-even over a weekend- making it the safest and most convenient way to send and receive money.  This new lighting-fast service comes as Azimo overhaul and optimise their service…

Grab announced the launch of its new expanded GrabRewards programme. By drawing more than 150 merchants into its ecosystem of rewards partners, Grab confirms its customer base’s appeal to merchants as one of the most popular apps in SEA. With 55 million mobile downloads, it opens up a new way for Grab merchant partners to market through the largest customer loyalty programme across Southeast Asia. “This is an important step in the development of the GrabPay wallet,” says Jason Thompson, Head of GrabPay. “With our new expanded GrabRewards programme, we’ve created an ecosystem in which our customers stay loyal because a…

DBS and Xero, a global cloud accounting platform, have launched an API-driven bank feed integration that will transform how mutual customers in Singapore manage their finances. This landmark collaboration allows small businesses to instantly connect their DBS business banking accounts to Xero so that their transaction data can flow securely and automatically into Xero each day. The business owner will get a reliable, up-to-date view of their financial position in Xero, empowering them to make more informed business and investment decisions, without the hassle and costly mistakes caused by outdated cash flow balances and human error. The online integration…

Visa announced expanded transaction processing capabilities in two state-of- the-art data centres in Singapore and the United Kingdom. The new global processing hubs will increase the speed, resilience and geo-diversity of Visa’s infrastructure, while strengthening the company’s ability to deliver new and more sophisticated ways to pay in today’s hyper-connected global economy. “Commerce and payments are in the midst of an historic shift from analog to digital. A growing majority of people around the globe are leaving cash behind and reaching instead for their cards and devices to pay,” said Rajat Taneja, Executive Vice President of technology at Visa. “With…

The Singapore-based leader in blockchain protocol for digital insurance, Aigang Network, this week launched its unique Android and iOS demo app. Running on Ethereum testnet, the first-of-its-kind demo for Aigang Network’s peer-to-peer (P2P) digital insurance blockchain protocol for Internet-of-Things (IoT) devices. The announcement marks the beginning of a fully Autonomous Organization (DAO) marketplace for consumer insurance, made possible through Ethereum smart contracts. The demo app has been specifically developed to work as a smartphone battery insurance highlighting Aigang Protocol, launching on both Apple App Store and Google Play Store. The Aigang app is planned to operate in P2P capacity and…

CB Insights named Funding Societies to the prestigious Fintech 250, a select group of emerging private companies working on groundbreaking financial technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the Fintech 250 companies during The Future of Fintech, a gathering of the world’s largest financial institutions, best fintech startups, and most active venture investors. “The financial services industry will see more change in the next 10 years than it has in the last 100. And that transformation is being driven by a group of smart insurgent startup companies. The Fintech 250 are the most promising of these insurgents. They…

Asia’s burgeoning smart home market will reach US$115 billion by 2030, accounting for 30 percent of the global share, according to a report released by global management consulting firm A.T. Kearney. The report forecasts the global smart home market to grow to US$50 billion by 2020 and surge to US$400 billion by 2030, from US$15 billion currently. Grow in Asia will be driven by China and Japan, with highly-connected economies such as Singapore, South Korea and Taiwan also playing a key role “Asia’s socio-economic landscape provides a great opportunity for the region to be a global driver of growth in…