Archive

DBS’ QR Ang Bao Solution Now Open to All Singaporeans with a PayNow Account

Following the success of last year’s DBS QR Ang Baos which saw over SGD 1.5 million loaded during Chinese New Year in 2019, DBS is reintroducing an enhanced version which includes new functions that they say will deliver greater convenience

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Grab Enables In-App Travel Insurance for As Low as $1 Per Day

Grab and Chubb announced today the launch of Travel Cover — an on-demand travel insurance service that Grab users can purchase within the app. The product is distributed by GrabInsure Insurance Agency, Grab Financial Group’s insurance platform. Starting from today, a

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A Review of Vietnam’s Fintech Industry in 2019

As of September 30, Vietnam ranked second in ASEAN in terms of fintech funding, attracting 36% of the region’s fintech investment in 2019, second only to Singapore (51%), according to a joint report by PricewaterhouseCoopers (PWC), United Overseas Bank (UOB),

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Thai’s Oldest Banks Teams up With Ripple For Remittance

Thailand’s oldest bank has partnered with Ripple to create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. Eight of the top ten countries using mobile payments can be found in Asia. According to a recent

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A Review of Singapore’s Top Fintech Developments in 2019

In 2019, Singapore continued to pursue its ambition to become the world’s first Smart Nation with a leading Smart Financial Centre, inking partnerships with international peers, launching nationwide initiatives to further development and adoption of cutting-edge technologies, and introducing new

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A New Digital Bank Will Launch in the Philippines in 2020

TONIK Financial announced today that its subsidiary in the Philippines has received Notice of Approval for a new banking license from the Central Bank of the Philippines. The license will enable Tonik to provide a full range of retail banking

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Tranglo First in Asia to Launch Global Remittance Partnership with Alipay

Leading fintech Tranglo Pte Ltd announced a collaboration with Alipay, the world’s leading payment and lifestyle platform, to provide cross-border remittance that brings more convenient and inclusive services to consumers globally. Tranglo said the deal marked a significant milestone in

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The First Real Estate Crowdfunding Platform for the Philippines

Signet Properties officially launches Flint, the first, tech-enabled real estate crowdfunding platform in the Philippines. Co-presented by SeedIn Technology and RE/MAX Premier Manila, it is touted as the next best thing not just for Filipinos, but also foreigners who wish

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Singapore Receives 21 Applications for Digital Bank Licences

The Monetary Authority of Singapore (MAS) announced that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019. This comprises 7 applications for the digital full bank (DFB) licences, and 14

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Philippines’ Lawmaker Pushes for Virtual Banking Regulation

Albay Representative Joey Salceda on Monday filed a measure providing a regulatory framework for virtual banking to boost the financial inclusion thrust pursued by the Bangko Sentral ng Pilipinas. Salceda, chairman of the House Committee on Ways and Means, filed

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