Archive

KASIKORNBANK Onboarded Two Million Users to Its App Last Year

KASIKORNBANK (KBank) onboarded two million new users on its K PLUS online banking app in 2022, more than a million of them were new to the bank itself. The surging use of its digital platforms with 98% of all KBank’s

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Inypay Appoints Kawin Boonyapredee as Chief Information Security Officer

Inypay, a soon-to-be-launched Singaporean neobank, announced that it has appointed Kawin Boonyapredee as its Chief Information Security Officer (CISO). In his new role as CISO, Kawin will be responsible for overseeing the company’s information security programme and ensuring that all

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Can Fintech in Bangladesh Catch Up with its South Asian Neighbours?

In recent years, Bangladesh has seen rapid growth in its fintech sector, fueled by the widespread adoption of mobile technology. This has enabled financial services to reach millions of previously unbanked citizens, leading to a remarkable rise in financial inclusion

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Top 10 Investors in Vietnam Backing Emerging Fintech Startups

Over the past years, Vietnam has emerged into one of the fastest-growing fintech markets in Southeast Asia, amid growing customer adoption, sustained venture capital (VC) funding activity, and increased support from the government to foster innovation. In this burgeoning landscape,

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Bank Indonesia Now Has 122 Participants for Its Real-Time Payment Scheme BI-FAST

Bank Indonesia (BI) announced that it has onboarded another 16 participants for its domestic real-time payments scheme BI-FAST powered by ACI Worldwide. BI-FAST is accessible through applications or channels provided by the payment system industry to facilitate retail payment transactions

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Momo’s 31 Million Users Can Now Receive Western Union Money Transfers

Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam

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Brankas Scores Payment Licenses in the Philippines, Indonesia

Southeast Asian open finance platform Brankas announced that it has received payment licenses from Bank Indonesia (BI) and the Bangko Sentral ng Pilipinas (BSP). The firm managed to secure the Payment Service Provider (PJP) Category 3 license in Indonesia and

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Proxtera Raises Seed Funding From Ant Group, CerraCap Ventures, and EDBI

Proxtera announced the first close of its seed funding round by Ant Group, CerraCap Ventures, and EDBI. Details of the fundraise was not disclosed. The funding will be used as working capital to further develop the company’s digital cross-border trade

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MAS: Credit Suisse to Continue Singapore Operations Without Disruptions

Credit Suisse will continue operating in Singapore without any interruptions or restrictions following its takeover by UBS, said the Monetary Authority of Singapore (MAS). MAS added that customers will continue to have full access to their accounts and Credit Suisse’s

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Walmart Invests US$200 Million in PhonePe

Indian digital payments company PhonePe announced that it has secured an additional US$200 million from Walmart, bringing its total funds raised for this tranche to US$650 million. The raise places PhonePe’s pre-money valuation at US$12 billion. PhonePe said that it

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