Blog

CardUp’s New Solution Enables Businesses to Use Credit Cards for Overseas B2B Payments

CardUp, a digital credit card enablement platform, has launched a new solution that enables businesses to instantly access credit on international payments at competitive rates. While the global remittance market is dominated by bank to bank transfers, CardUp enables these

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Challengers Bank Raised Over US$6.8 Billion in 2020 to Disrupt Traditional Banking

Challengers banks continue to attract investors’ interest, raising US$2.4 billion through 58 deals in Q3’20. This brings the total amount of funding raised by digital banking players so far this year to more than US$6.8 billion, according to CB Insights’

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Low Financial Literacy Hampering Fintech Adoption in Vietnam: Research

A new research conducted by the Asian Development Bank Institute (ADBI) has revealed a correlation between financial literacy and fintech adoption in Vietnam. The report calls for the country to put more effort into general and financial education programs to

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MSIG Introduces Insurance Plan for Gig Workers

MSIG Insurance (MSIG) has introduced Freelancer CashPlus, an insurance plan that dispenses daily cash benefits to help gig workers safeguard against income loss during a prolonged illness or injury. According to the Ministry of Manpower, the number of freelancers stood

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Rapyd Kicks off in Thailand Partnering Leading Thai Payment Solution Providers

Rapyd, a Fintech-as-a-Service company, has announced the launch of its ‘all-in-one’ suite of payment capabilities in Thailand which is its seventh global market. Rapyd’s solution is a comprehensive set of local and international payment methods that includes local ewallets, bank

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Singlife and Aviva Completes Merger Transaction at S$3.2 Billion

Homegrown insurer Singlife has completed the transaction for its merger with Aviva Singapore at S$3.2 billion. The transaction announced on 11 September 2020 is said to be one of the region’s largest insurance deals and the largest in Singapore. After

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E-Wallets Will Soon Have Access to E-Payment Platforms FAST and PayNow

The Monetary Authority of Singapore (MAS) announced that non-bank financial institutions (NFIs) that are licensed as a major payment institution under the Payment Services Act, will be allowed to connect directly to Fast and Secure Transfers (FAST) and PayNow from

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Southeast Asia’s Young, Tech-Savvy Population Drives Rise of Data-Driven Banking

Southeast Asia’s young, digitally-savvy and unbanked populations are driving the rise of digital banking, forcing financial services companies to unlock the power of data to provide better, more personalised and more affordable products and services, explained Arvid Swartsenburg, Head of

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Blockchain Firm Lightnet Group Partners SCB to Ease Remittance Access in Thailand

Blockchain firm Lightnet Group, has announced a partnership with Siam Commercial Bank (SCB). The partnership will reportedly enable remittance services to become accessible to all Thai bank accounts and anyone who has signed up for PromptPay, a government-sponsored service that

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Global Ecosystem for Digital Transformation in the Financial Sector

COVID-19 has speeded up digital transformation by several years. According to a new McKinsey Global Survey of executives, companies across regions and industries have accelerated the digitalization of their customer and supply chain interactions, as well as of their internal

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