Archive
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
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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
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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
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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
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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
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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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