Archive
Singapore To Regulate Token Derivatives on Approved Exchanges Soon
The Monetary Authority of Singapore (MAS) issued on 21st November 2019, a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act. There is international
Read More
Vietnam’s Sendo Completes Financing Round of US$ 61 Million
Sendo, Vietnam’s leading C2C e-commerce marketplace, has announced that it has successfully secured an investment of USD 61 million in its Series C financing round, which represents the largest for the Company to date. Sendo had previously raised a USD
Read More
With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion
Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services,
Read More
RCBC Adopts Philippines’ National QR Code Standard For Interoperable Payment System
Rizal Commercial Banking Corporation (RCBC) announced that it has adopted the national QR (quick-response) code standard that would simplify and facilitate interoperable payment transactions. “This is another milestone in further promoting the government’s National Retail Payment System in accelerating interoperability
Read More
After Hong Kong, Ant Financial is Now Eyeing Digital Banking License in Singapore
Fresh off securing digital banking license in Hong Kong, Ant Financial confirms that they are actively looking into pursuing digital banking license in Singapore. Previously, Ping An’s One Connect and AMTD Group have also voiced similar ambitions, making this the
Read More
How Philippines’ UnionBank is Reinventing Themselves for a Digital World
UnionBank of the Philippines has been stealing headlines for quite a bit recently with various tech-related announcements. There a lot of bright spots in the Philippines fintech ecosystem even though they are not as heavily reported on as some of
Read More
Ripple Partners SBI Remit to Launch Blockchain Remittance Between Japan and Vietnam
SBI Ripple Asia Co., Ltd. and SBI Remit Co., Ltd., an international money transfer service business operator announced that the companies have started the first Japan-Vietnam money transfer service in real currency utilizing DLT, with a Vietnamese bank, Tien Phong
Read More
NETS CEO Jeffrey Goh Steps Down
Network for Electronic Transfers (NETS) announced today that Group Chief Executive Officer Jeffrey Goh will be stepping down from his position and all other appointments within the NETS Group of companies, effective November 22, 2019. Mr Goh will be pursuing
Read More
7 Key Announcements from Singapore Fintech Festival 2019 (Day 3)
Wednesday marked the third day of the annual Singapore Fintech Festival, the world’s largest fintech gathering taking place this week at Singapore EXPO. This year, Singapore Fintech Festival put a major focus on sustainability and green finance, an area where
Read More
TransferWise Wants to Give Away its $150,000 Prize Money to Singaporeans
Fresh off being crowned 1st place at Singapore Fintech Festival’s Fintech Awards under the global category, TransferWise announced today it will give away that money to Singaporean individuals and small businesses hit by hidden bank fees at home and abroad. According
Read More