Blog

Standard Chartered Partners Bukalapak to Launch Digital Banking Offerings

Standard Chartered has formed a strategic partnership with Bukalapak to launch digital banking offerings which will be hosted on the nexus platform which is a banking-as-a-service solution by SC Ventures. Through this partnership, Standard Chartered and Bukalapak aims to bring

Funding Vietnam

MoMo Eyes Super App Status With the Close of US$100 Million Funding Round

Vietnamese e-wallet MoMo announced that it had raised US$100 million during its Series D funding round co-led by Goodwater, a Sillicon Valley fund and Warburg Pincus, according to a report by Reuters. New investors include Goodwater Capital, Kora Management and

Funding

Grab’s Fintech Arm Secures Over US$300 Million in Series A Funding Round

Grab Financial Group (GFG), the fintech arm of Grab, announced that it has raised over US$300 million in its Series A funding round, led by Hanwha Asset Management Co. Ltd., South Korean asset management company. Other investors in the round

Funding Mobile Payment

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

Funding Indonesia

Indonesian Fintech BukuKas Raises US$ 10M in Sequoia Capital India Led Round

BukuKas, a digital platform and app for digitising SMEs in Indonesia, has raised USD 10 million during its Series A funding round led by Sequoia Capital India, bringing the total funds raised to USD 22 million. Existing investors Saison Capital,

Payments

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.

Covid19 Innovation Sponsored

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

Mobile Payments

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

Blockchain

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

E-commerce

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%.