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Thailand’s T2P Taps Wise Platform to Offer Global Money Transfers for DeepPocket Users
T2P Co., Ltd., a payment solution provider in Thailand, has announced a new partnership with Wise Platform, which provides infrastructure for banks and financial services. According to Wise, this alliance marks T2P as the first fintech in Thailand to offer
Read MoreAirwallex Launches Payment Acceptance Services in the U.S.
Global payments firm Airwallex has introduced its payment acceptance services in the United States, enabling U.S.-based merchants to accept both domestic and international payments. This new service also allows foreign merchants with U.S. entities to provide a localised payment experience to
Read MoreKASIKORNBANK, J.P. Morgan Set to Reduce Cross-Border Payment Times to Minutes
Thailand’s KASIKORNBANK, in partnership with J.P. Morgan, has introduced Project Carina, a new initiative aimed at accelerating cross-border payments through blockchain technology, according to RYT9. Announced at Money20/20 Asia in Bangkok, the project integrates KASIKORNBANK’s Quarix blockchain with J.P. Morgan’s
Read MoreProsecutors Seek 3-Year Prison Term for Binance Founder; Zhao Pens Apology Letter
U.S. prosecutors have proposed a three-year prison sentence for Changpeng Zhao, the founder and former CEO of crypto exchange Binance, following his guilty plea for violating anti-money laundering laws, according to Reuters. The recommendation, filed in a Seattle federal court,
Read MoreNo Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank
Ant Group, a Chinese financial affiliate of the Alibaba Group, has not yet formally applied for a permit to operate its Alipay+ service in Indonesia, according to Filianingsih Hendarta, Deputy Governor of Bank Indonesia. According to Reuters, Hendarta clarified the
Read MoreIndonesia and Australia Partner to Improve Crypto Tax Compliance
The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding for cryptocurrency information sharing. This agreement aims to bolster the detection and management of crypto assets potentially subject to taxation
Read MoreIgloo Expands Insurance Access in Vietnam Through New Partnerships
Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to
Read MoreStandard Chartered Joins Visa B2B Connect for Streamlined Payments
Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for its corporate clients. This initiative, starting in Singapore, aims to expedite and reduce the cost of business-to-business transactions internationally. The
Read MoreSGeBIZ and Funding Societies Team Up to Offer BNPL Payment Option for SMEs
Southeast Asia’s SME digital finance platform Funding Societies has partnered with SGeBIZ, a provider of digital procurement, payment, and sourcing solutions, to introduce embedded finance solutions for SMEs in Singapore. This collaboration aims to integrate Funding Societies’ financing capabilities into
Read MoreTrulioo Reports 90% Business Verification Rate in APAC
Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a year after it had set up its Singapore office. The firm shared that this success comes despite challenges such as
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