Start Digital Launch, $30 Million Funding to Accelerate Singapores SME Digitalisation

The Infocomm Media Development Authority (IMDA) and Enterprise Singapore launched Start Digital, an initiative of the SMEs Go Digital programme. Start Digital will enable new SMEs to get a head start with two foundational digital solutions – with costs waived for

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Fintech Startup Partnership to Better Serve Philippine SMEs

SeedIn, a Singapore based Business Financing Platform, partners with Acudeen, a Philippine based online Peer-to-Peer Marketplace for receivable discounting. SME borrowers and Investors can leverage on the strengths of both platforms for their financing and investment needs, while being able to

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KinerjaPay Receives US$200 Mil Funding From Indonesian Investment Firm

KinerjaPay, a digital payment and e-commerce platform, announced that it has received US$200 from PT. Investa Wahana Group, Indonesia, divided into US$100 million in shares of the Company’s Series F and and another US$100 million in shares of the Company’s Series G

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Singapore Gets First SGD-Backed Stablecoins

A new stablecoin project called Singapore Dollar Rate (SGDR) has launched in Singapore. Created by the team behind blockchain startup Rate, SGDR is said to be the first Singapore dollar-backed stablecoin, “guaranteeing users full redeemability for Singapore dollars on demand,”

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Open Banking’s Biggest Challenge to Global Acceptance is, Ironically, Regulation

The World Payments Report by BNP Paribas and Capgemini highlights some interesting trends when it comes to key regulatory initiatives. Despite general global interest in embracing open banking, we still have a fragmented ecosystem of regulations and frameworks. This is in part

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New Report Explores Singapore and London Strengths and Challenges as Fintech Hubs

Though Singapore and London have all the key elements to enable the emergence of thriving fintech ecosystems, challenges remain for the two locations which shouldn’t be undermined, including the need to collaborate. In a new international research report titled Fintech

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Fintech has grown above and beyond national borders and has become a worldwide phenomenon. Financial institutions and markets all over the world are experiencing growth at break neck speed and all of this has been possible due to the huge

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Thailand Accelerates Mobile Payments Adoption

Like its ASEAN counterparts, Thailand is pushing for greater of adoption of mobile payments with industry participants, including government agencies, financial institutions and fintech companies, all actively working towards increasing awareness and accelerating adoption. Payments is the largest fintech segment

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5 of Indonesia Fintech’s Biggest Funding Rounds of 2018

DailySocial Indonesia recently released a report about their findings on the Indonesian fintech scene, recently notable with the rise of peer-to-peer (P2P) lending. Between December 2017 to November 2018, DailySocial observed at least 14 disclosed funding for fintech startups, noting

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10 Takeaways from the Fintech Ecosystem Playbook

In the recently released Fintech Ecosystem Playbook, EY gives a panoramic view of the fintech ecosystem in 26 fintech hubs in emerging markets across six clusters, namely ASEAN, Latin America, Central, Eastern and Southeastern Europe and Central Asia (CESA), the

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