Archive
Paysend Leverages Currencycloud Partnership for Worldwide Expansion
London-based fintech Paysend has expanded its partnership with Currencycloud, a provider of B2B embedded cross-border solutions, to extend its international money transfer services worldwide. The collaboration between Paysend, that specialises in international fund transfers, and Currencycloud, which facilitates business in
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Angela Toy Assumes COO Position at Golden Gate Ventures
Southeast Asian venture capital firm Golden Gate Ventures announced the promotion of Angela Toy to Chief Operating Officer (COO), according to TechNode Global. Angela Toy, previously a Partner focused on Portfolio Growth at Golden Gate Ventures, steps into the newly
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LinkAja Secures Investment from Mitsui
Indonesian e-wallet LinkAja has secured a strategic investment from Japanese trading house Mitsui & Co., Ltd. The financial details were not disclosed. This marks the first time a global company has invested in LinkAja, aiming to enhance the platform’s ecosystem
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Visa Set to Roll out New AI-Powered Fraud Prevention Solutions
Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. These additions are part of Visa’s comprehensive Protect suite, targeting immediate account-to-account transactions, card-not-present (CNP) payments, and activities beyond
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Singapore Continues Suspension to Safeguard Remittances to China
The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China. This suspension, now extended until 30 September 2024, pertains to the use of non-approved channels by remittance companies for transferring funds to
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ZaloPay and CIMB Bank Roll out Fixed Deposit Offering to Simplify Savings
Vietnamese e-wallet ZaloPay and CIMB Bank, a highly regarded bank in Southeast Asia, recognising the challenges posed by the global economic downturn, have partnered to offer a new fixed deposit product in Vietnam amidst significant labour market issues. The unemployment
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HSBC Earmarks US$150M for Venture Debt to Fuel Singapore’s Business Expansion
HSBC has earmarked US$150 million for its venture debt offering that is aimed at scaling high-growth companies in Singapore. Through this initiative, high-growth, venture capital or private equity-backed companies in Singapore will have access to flexible funding arrangements to fuel
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Qoala Raises US$47M for AI-Powered Transformation and Regional Expansion
Indonesian insurtech startup Qoala has closed its Series C funding round led by PayPal Ventures and MassMutual Ventures to raise US$47 million. This brings Qoala’s total raised capital to over US$130 million. The round was also joined by MUFG Innovation
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Worldpay Taps Mastercard’s Ethoca Alerts to Reduce Payment Fraud, Chargebacks
Mastercard and global acquirer Worldpay have announced a partnership aimed at mitigating payment fraud and reducing the prevalence of chargebacks. Chargebacks, which are refunds requested by consumers disputing transactions, are on a steep rise, with projections indicating a surge to
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Sumsub and Binance to Streamline Travel Rule Compliance in Crypto Transactions
Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solution through the Global Travel Rule (GTR) Alliance. This collaboration aims to facilitate secure cryptocurrency transactions by connecting Binance’s extensive user
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