Blog
Fintech Sees Modest Growth in Sri Lanka as Old Habits Die Hard
In Sri Lanka, fintech holds many promises, and while local banks are investing heavily in digitalization, many challenges still need to be addressed before a real, dynamic fintech ecosystem emerges. When it comes to digital finance, it is safe to
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Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?
More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe. This trend is driving traditional banks to switch to expand their businesses digital channels,
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Vietnam’s Fintech Ride Hailing Market: Grab Goes Consumer Finance / Go-Viet Needs Payment License
Vietnam’s fintech sector is heating up as Singapore’s “super-app” Grab looks to staff up its financial services division in the country, hinting at plans to launch a lending offering soon. Grab introduced its postpaid service PayLater earlier this year for
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Millions of Durians Will Be Tracked on the Blockchain for Thailand’s Largest Durian Exporter
DiMuto has closed a deal with Queen, Thailand’s largest durian exporter and producer to track durians on the blockchain. DiMuto will tag, track and trace around four million fresh durians from Thailand to China, Japan and other parts of Asia.
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E-Wallet Use Overtakes Credit Cards in Philippines, According to Central Bank
Philippines’ central bank reported that e-wallet penetration is growing faster in the Philippines and has surpassed credit card numbers. Bangko Sentral ng Pilipinas (BSP) released this information in a financial inclusion dashboard, which states that e-money accounts rose by 22%
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Go-Jek Has Brought in Rival E-Wallet LinkAja Into its Ecosystem
Go-Jek announced that it will integrate its rival e-wallet, LinkAja by the end of this year, which means that it will operate alongside Go-Pay within its extended ecosystem. Go-Pay is an extension of Go-Jek and often, seen as a rival
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Philippines’ Regulators Issues New Crowdfunding Rules
Philippines’ regulator, Securities and Exchange Commission (SEC) has released its rules and regulations on crowdfunding as its way of providing certainty in the market so that startups and SMEs can access funding, while the public is given more investment options.
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Binance Launches Fiat-to-Crypto Gateway for Singapore Users
Binance – the global cryptocurrency exchange that in the last 24 hours has facilitated more than $2 billion in trading volume, has just announced that is has launched a Fiat-to-Crypto gateway for citizens based in Singapore. The platform, which it
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Singapore’s New GST Proposal for Crypto “One of the Friendliest Tax Regulations in the World”
The proposal of the Singapore government’s taxation agency to remove goods and services tax (GST) from cryptocurrency transactions could give a boost to the burgeoning sector, experts and industry participants claim. Earlier this month, the Inland Revenue Authority of Singapore
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A Singapore Wealthtech Chosen for Mastercard’s Startup Engagement Program
Singapore based digital banking software provider Moneythor has been selected as one of 10 later-stage FinTech startups to be accepted onto the renowned Mastercard Start Path program, part of Mastercard Labs. Moneythor is the only participant from South East Asia.
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