Posts From Fintech News Singapore
Rapyd Bags $300 Million in Series D Funding Round
Rapyd, a Fintech-as-a-Service company, announced a $300 million Series D financing round led by Coatue, a global technology-focused investment manager. Several new investors participated in the financing, including Spark Capital, Avid Ventures, FJ Labs, and Latitude, along with further investment
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Mastercard Pilots Cloud Payment Acceptance Solution on Smartphones
Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California based independent IT services provider. Its software is hosted on Microsoft’s Azure Cloud platform.
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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19
A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises
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QR Code Payment Users to Reach 2.2 Billion Globally by 2025
A new study from Juniper Research has found that the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020, which is equals to 29% of all mobile phone users across
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Digital Securities Firm Propine Graduates From MAS’ Fintech Sandbox
Propine, a Singapore-based end-to-end securities services firm catering for digital securities services to institutional clients, has become the first independent digital asset custody service provider to graduate from the Monetary Authority of Singapore’s (MAS) Fintech Regulatory Sandbox. Since its admission
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E-Commerce Payment Trends in Southeast Asia
Southeast Asian economies performed remarkably well in 2020 despite the pandemic. The Asian Development Bank (ADB) estimates a contraction of 3.8% for the region in 2020, a modest figure when compared to the eurozone at 7.9% and Britain at 10.1%.
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Mambu to Deepen APAC Footprint With €110 Million Fund Injection
SaaS banking platform Mambu has raised €110 million during its latest funding round, securing a valuation of over €1.7 billion. With the Asia Pacific head office in Singapore, South East Asia will continue to be a key focus area for
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Wave Money Doubled Its Transaction Volume Last Year at US$ 8.7 Billion
Wave Money, a Myanmar-based mobile financial services provider, recorded a total of 12 trillion Myanmar kyat (US$ 8.7 billion) in transactions last year as the country rapidly embraced digital financial services in the face of the COVID-19 pandemic. The firm
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Deutsche Bank to Pilot Digital Assets Proof-of-Concept With STACS
Deutsche Bank Securities Services and Hashstacs Pte Ltd (STACS) will collaborate to jointly explore a proof-of-concept (POC) related to the technological and practical feasibility of digital assets. The POC will explore interoperability, liquidity, cross-border connectivity, and smart contract templates, including
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Grab Ties up With Citi to Offer in-App Loans
Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing
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