Archive

Money20/20 Asia 2024: Leading Fintech Show Makes Debut in Thailand

Money20/20, a prominent fintech show, will be holding its first Thai edition in Bangkok this year, coming to the Queen Sirikit National Convention Center from April 23 to 25, 2024 for a multiple event centered around the future of finance.

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Crypto Adoption in Southeast Asia is On the Rise

Crypto in Southeast Asia is increasingly popular among investors. The region is home to a complex financial landscape that’s characterized by a significant portion of the population being underbanked or unbanked, alongside a digitally-savvy youth demographic with high mobile Internet

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ADB to Support Finance Ministers with New ASEAN Climate Finance Platform

The Asian Development Bank (ADB) is set to introduce an ASEAN Climate Finance Policy Platform, aimed at aiding finance ministers in Southeast Asia to collectively tackle climate change. This announcement was made by ADB President Masatsugu Asakawa, highlighting the urgent

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Indian Travellers Can Now Pay Using QR Codes via PhonePe at Singapore Merchants

The Singapore Tourism Board (STB) has entered into a two-year strategic partnership with Indian digital payments company PhonePe in a bid to boost the convenience of Indian travellers. This collaboration builds upon the existing Unified Payments Interface (UPI) linkage between

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Ripple Plans to Launch USD-Pegged Stablecoin

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This forthcoming stablecoin is set to be fully backed by a mix of US dollar deposits,

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Unmasking the Threat of Deepfake Scams in Asia’s Financial Sector

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio

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Xoom Users Can Now Use PayPal’s Stablecoin for Cross-Border Transfers

Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. customers to utilise PayPal USD (PYUSD), a stablecoin pegged to the U.S. dollar, for international remittances. This addition enables users to convert PYUSD into U.S. dollars within

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Crypto Trading Firm GSR Granted Full License in Singapore

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This license allows its subsidiary, GSR Markets Pte. Ltd., located in Singapore, to provide digital

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TerraPay Gets MAS Green Light for Payment License

Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). With this new license, TerraPay now has 11 licenses and 19 approvals across 30 international markets. The MAS license enables

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Are Banks Ready for The Big Shift?

The transformation, or more accurately the evolution, of the banking industry is presently underway on multiple fronts, with the sluggish migration of incumbents from inflexible legacy systems to embracing digitalisation for operational efficiency and customer experience, among others, a pressing

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