Posts From Fintech News Singapore
McKinsey: APAC Continues to Lead Global Payments Revenue Despite 2020 Decline
Despite a slight decline, Asia-Pacific (APAC) continued to dominate the global payments landscape in 2020. With approximately US$900 billion in revenue, the region accounted for 47% of global payments revenues, according to the 2021 McKinsey Global Payments Report. This year,
Read More
NTUC Income Expands Micro Insurance Offering to Indonesia, Vietnam and Malaysia
NTUC Income, an insurance cooperative in Singapore, made its first overseas foray into three Southeast Asian markets namely Indonesia, Vietnam and Malaysia. The company had formed partnerships with PT Central Asia Financial (JAGADIRI) in Indonesia, Post and Telecommunication Joint Stock
Read More
FOMO Pay Taps Merkle Science’s Blockchain Monitoring Platform
Singapore-based major payment institution FOMO Pay has announced a partnership with Merkle Science, a predictive blockchain monitoring and investigative platform, to enhance its compliance, risk management and threat detection measures. In September 2021, FOMO Pay was granted the Digital Payment
Read More
Venture Capital Firm Gobi Partners Appoints Paul Ark as Partner and Head of ESG
Gobi Partners, a Pan-Asian venture capital firm with US$1.2 billion in assets under management, has appointed Paul Ark as Partner and Head of Environmental, Social and Governance (ESG). Prior to joining Gobi Partners, Ark managed a US$100 million global corporate
Read More
Validus Acquires KlearCard to Pave the Way for Its SME-Focused Neobank
Validus, Southeast Asia’s peer-to-peer (P2P) lending platform for small and medium-sized enterprises (SMEs), announced that it has acquired KlearCard’s business payments and expense management technology platform. The acquisition of the KlearCard platform will pave the way for Validus to accelerate its
Read More
DBS Emerges as First Bank in Southeast Asia to Join the Hedera Governing Council
DBS Bank has joined the Hedera Governing Council, the group of diverse organisations responsible for stewarding the Hedera network which is a sustainable, enterprise-grade public network for the decentralised economy. As the first and only bank in Southeast Asia to join
Read More
Swiss Fintech Companies Show Increased Presence in Singapore
This year, Swiss fintech startups continued pursuing their international ambitions with many choosing Singapore to enter the dynamic Southeast Asian market. These are building on Switzerland and Singapore’s long-lasting relationship and close collaboration to penetrate the high-potential market. Vestr, a
Read More
Crypto Firm Luno Now Offers Direct SGD Bank Deposits
Global cryptocurrency company Luno announced that it has launched an official direct SGD bank transfer feature. Luno said that its users can now transfer funds without intermediary parties or delays, from any local SGD-denominated bank accounts to their cryptocurrency wallets
Read More
Partior Pilots SGD and USD Settlements in Near Real Time With Participating Banks
Partior, a blockchain technology provider for payments clearing and settlement, announced that it is operational and has begun its first pilot with participating banks, achieving end-to-end settlements in SGD and USD of less than 120 seconds. The new platform uses
Read More
Thunes Enables PayPal’s Xoom to Send Remittances Directly to E-Wallet Users
Global cross-border payments network Thunes announced a collaboration with PayPal’s digital remittance service Xoom that will enable the latter’s customers in the United States, Canada, the U.K. and Europe to send remittances directly to mobile wallet users around the world.
Read More