Blog

SoCash Sees Participation from Vertex Ventures in its US$ 6 Million Series B Round

SoCash, a Singapore based fintech announced today that it has raised US$ 6 Million in its Series B funding round led by Japan based cashed automation player Glory Ltd and participated by Standard Chartered’s SC Ventures alongside Vertex Ventures. SoCash’s

Mobile Payments

SWIFT Sees Success on Global Trial for “gpi Instant” with Singapore’s FAST

SWIFT today announces the results of a global trial to integrate SWIFT gpi Instant, the co-operative’s cross-border instant payments service, into Singapore’s domestic instant payment service, Fast And Secure Transfers (FAST). The successful trial which involved 17 banks across seven

Mobile Payments Vietnam

Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months

The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four

Financial Inclusion Philippines

Philippines’ 7-Eleven to Deploy 300 ATMs By Next Year

Philippines’ 7-Eleven is eyeing to deploy 300 ATMs in Metro Manila by next year. In doing so they will be teaming up with Japan’s Seven Bank, who is currently operating a network of 18,000 ATMs across 7-Eleven’s in Japan through

India Infographic Personal Finance Mgt (PFM)

Fintech Infographic of the Week: Making Investing More Accessible with Decentralized Finance

Across the globe, access to financial markets diverges dramatically from one country to another. While in the US about 52% of people are investing in the stock market, in emerging countries like India and Mexico, the figure drops significantly with

Digital Banking

Smaller Banks in Singapore Are at Risk As Fintechs Eye Digital Banking License

Competition is heating up in Singapore’s digital banking landscape as an increasing number of fintechs including e-wallet operators and payment services providers are looking to apply for when applications open in August. Liquid Group, Xfers, MatchMove Pay and FOMO Pay are

Big Data

Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa

CredoLab, a developer of bank-grade digital scorecards based on smartphone metadata, announced its expansion into the Sub-Saharan African fintech market with the addition of three new clients – two banks and a leading airtime credit provider. According to its press

Indonesia Mobile Payments

Visa to Invest in GOJEK and Collaborate on Digital Payments Across Southeast Asia

Visa, has invested in GOJEK, as part of the latter’s ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With

Blockchain Philippines

UnionBank to Launch a Blockhain Powered SME Financing Platform with OneConnect

OneConnect announced today, their partnership with Union Bank’s wholly-owned fintech subsidiary UBX to build what they claim to be the country’s first blockchain enabled platform geared towards meeting the banking needs of MSMEs in the Philippines. According to their press

India

Samsung Pay to Enable Loan and Credit Card Application in India

A partnership between Samsung Pay and Paisabazaar was recently announced which will enable Samsung Pay users to apply for credit and personal loans from Paisabazaar’s platform. Paisabazaar is part of the PolicyBazaar group, a fintech startup focused on the aggregation