Archive
MAS’ Ravi Menon Lays out Expectations for Crypto Operators
Crypto service providers need to have the ability to manage the risks, said Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) at the Financial Times’ Crypto & Digital Assets Summit. He mentioned that there are four risks
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Visa Picks 5 Startups for Its APAC Accelerator Programme This Year
Visa has selected Cymonz, Moneytree, Perfios, TallyKhata and TripleA to join the 2022 cohort of its Visa Accelerator Programme in Asia Pacific. Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities they
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EZ-Link Partners With Mastercard for Greater Digital Payments Capabilities
EZ-Link announced the launch of its enhanced EZ-Link Wallet that was developed in collaboration with Mastercard. When users activate the new Pay by Wallet feature, they can use their EZ-Link Wallet to make online and in-store contactless payments at over
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Is Southeast Asia Entering Its Golden Age of Fintech?
Despite limited access to traditional banking services, rising smartphone penetration and rapid e-commerce growth have led to an increase in the use of digital financial services in Southeast Asia. Today, the region is emerging as a hotspot for fintech innovation
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Vietnamese Fintech Trusting Social Bags US$ 65 Million Investment From Masan Group
Trusting Social, a Vietnam-based AI-powered credit scoring platform, announced that it has secured US$ 65 million for the initial close of its Series C funding round from The Sherpa Company, a subsidiary of Masan Group. According to DealStreetAsia, Masan now
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Finbots.AI Secures US$3 Million in Series A Funding Round From Accel
Finbots.AI, an AI-powered credit scoring software provider, announced it has raised a US$3 million Series A funding round. This round saw the participation of a single investor – Accel, that made this investment from its Fund VII and this marks
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Luno Secures MAS’ In-Principle Approval to Offer Crypto Services
Global cryptocurrency company Luno has been granted in-principle approval from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) to provide Digital Payment Token (DPT) services in Singapore. MAS has granted in-principle approvals to Coinhako, Hodlnaut, Paxos, Digital
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Revolut Singapore’s Customers Will Soon Be Able to Trade Crypto Within the App
Challenger bank Revolut has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate a fully regulated cryptocurrency service, along with merchant acquiring services. Revolut Technologies Singapore (RTS) is already licensed as a Major Payment Institution (MPI) in
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NTUC Income Launches Travel Insurance Plan for Protection by the Hour
NTUC Income, an insurance cooperative in Singapore, launched its new travel insurance offering called “FlexiTravel Hourly Insurance”. As indicated by its name, this insurance enables travellers to purchase travel protection as needed by the hour. Available for those who are
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Crypto.com Appoints Dipen Mehta as EVP of Engineering for South and SE Asia
Crypto.com announced that it has named Dipen Mehta as EVP of Engineering, South and Southeast Asia. In his role, Mehta will be responsible for building out technology expertise and engineering capabilities across these markets, with an immediate focus on setting
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