Archive
NTUC Income Launches Micro Investment-Linked Plan On SNACK App
NTUC Income, an insurance cooperative in Singapore, announced that it has launched a micro investment-linked plan (ILP) on the SNACK by Income mobile app. Touted to be an industry-first, SNACK Investment adopts a stackable approach that allows consumers to build
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MAS, SEC Thailand Boosts Cross-Border Investment With Stock Markets’ Linkage
The Monetary Authority of Singapore (MAS) has joined forces with the Securities and Exchange Commission of Thailand to enhance connectivity between the two markets for increased cross-border investment opportunities for investors. The regulators announced the launch of the Thailand-Singapore Depositary
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Indonesian Payments Firm Xendit Minted as Unicorn With US$150 Million Fundraise
Indonesian payments firm Xendit is now a unicorn with the closing of its US$150 million Series C funding round. The round was led by Tiger Global Management with participation from existing investor Accel, Amasia, and Justin Kan’s Goat Capital. With
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Singapore’s PayNow to Link Up With India’s UPI for Real-Time Payments by 2022
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low
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Empowering SMEs to Take the Friction Out of Card Payments With Suppliers
Cash is king. Every business owner knows these three words by heart, and for good reason. Cash is the lifeblood of every business: more cash means better access to working capital, which means more flexibility in business operations, and a
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Swiss Wealthtech vestr Partners Julius Baer to Drive Singapore Expansion Plans
vestr, a Swiss platform that digitises the life-cycle management of actively managed investment products, has expanded to Singapore following a partnership with Julius Baer though F10’s fintech incubator programme. vestr Pte Ltd, the Singapore branch of vestr, was awarded the
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Wise Slashes Remittance Fees by up to 42% On Transfers From Singapore to 19 Countries
Wise, formerly known as TransferWise, has dropped prices by up to 42% on transfers from Singapore to 19 countries across 5 continents. This announcement is part of a global price drop where 52% of Wise customers around the world will
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In Southeast Asia, New Digital Habits Boost Digital Payments and Consequently Fraud
COVID-19 has sparked a global spike in e-commerce sales and online businesses as lockdowns force consumers to turn to online channels to shop. As everyone embraces e-commerce, cashless payment methods including cards and digital wallets have surged, bringing with it
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SDAX Gets Go-Ahead to Operate as Digital Asset Exchange From MAS
SDAX announced that it has obtained its Recognised Market Operator (RMO) license from the Monetary Authority of Singapore to operate a digital asset exchange. Founded and headquartered in Singapore, SDAX is an institutional grade digital asset exchange. It leverages blockchain
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10 Largest Crypto Hacks, Heists and Exploits of the Past 15 Months
Cryptocurrency-related hacks and scams continue to cost businesses and consumers billions in losses each year. Although overall crypto-related fraud activities have declined since at least 2019, data from blockchain analytics and crypto intelligence firm Ciphertrace suggests that criminals are now
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