Archive
JULO Steps up Digital Loans with Embedded Device Protection Insurance
JULO, an Indonesian fintech offering digital peer-to-peer lending, announced that it has launched ‘JULO Cares’, an embedded insurance coverage. This new offering, backed by global general insurer Sompo, provides device protection for users availing of JULO’s digital credit services. Throughout
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Fintech in Singapore: 2023 in Review
In 2023, Singapore actively pursued key initiatives across various domains in the financial sector. Green finance and environmental, social and governance (ESG) data took center stage, with the Monetary Authority of Singapore (MAS) launching Gprnt, a digital platform simplifying ESG
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Mastercard Rolls Out Cashless Payments for Jakarta’s MRT Commuters
Payment giant Mastercard has partnered with PT MRT Jakarta (Perseroda) to provide more payment options to commuters for cashless transit experiences. This announcement coincides with the renaming of Senayan Station to Senayan Mastercard Station. Travelers can now top up their MRT
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MUFG Pumps US$100M into Home Credit Indonesia for Sustainable Financing
Home Credit, an Indonesian consumer finance company, has secured an investment of US$100 million from Mitsubishi UFJ Financial Group’s (MUFG) division in the country, according to a report by Tech in Asia. This new capital injection will be strategically allocated
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Obligate Spearheads USDC-Denominated Bond Issuance for USD TradeFlow Fund
Obligate, a Swiss capital markets platform operating on blockchain technology, has facilitated the issuance of a USDC-denominated bond by the USD TradeFlow Fund. This development was executed on the Polygon blockchain. For Obligate, it is the first instance of working
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BNPL Profitability Remains Elusive Despite Rising Adoption
Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. But despite
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MAS Grants In-Principle Approval to Moomoo Singapore for Crypto Payments
Digital brokerage Moomoo Financial Singapore has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License to offer digital payment token (DPT) services. This approval enables Moomoo Singapore to extend digital payment token services
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Over 10K Users Fuel StanChart’s Innovation via ‘SC Inner Circle’
Standard Chartered Singapore shared that its ‘SC Inner Circle’ initiative, launched in May, has successfully engaged over 10,000 clients. The initiative aims at incorporating direct client feedback into the development of their banking services, seeking to improve user experiences across
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HashKey Singapore Now Officially Licensed as Fund Manager by MAS
HashKey Capital Singapore, a company specialising in blockchain and digital asset investments, has secured a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This license, initially granted in-principle in November 2022, officially recognises HashKey Capital Singapore
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Worldpay Brings Major Credit Card Rails to Alchemy Pay, Boosting Crypto Accessibility
Alchemy Pay, a fiat-crypto payment gateway, has partnered with global acquirer Worldpay to expand its payment options and improve its services. This collaboration integrates Worldpay’s Visa and Mastercard payment systems into Alchemy Pay‘s platform, aiming to streamline the process of
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