Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in November,…
Year: 2024
The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking…
Over the past years, venture capital (VC) funding in Caucasus and Central Asia (CCA) has increased substantially, growing by more…
The International Finance Corporation (IFC) and DBS Bank have unveiled a US$500 million financial initiative aimed at enhancing trade in…
Canadian payments firm Nuvei Corporation is set to go private following a definitive agreement for a buyout by Advent International,…
In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47%…
Binance Holdings, operator of a crypto exchange of the same name, has established its first board of directors. The announcement…
Fintech mergers and acquisitions (M&A) in Asia-Pacific (APAC) declined by nearly 15% in Q3 2023, with total deals dropping from…
6G Digital Private Limited, a Swedish cloud-based integrated digital ecosystem, has acquired a 25% stake in Singaporean fintech FlexM in…
Southeast Asian ride-hailing superapp Grab has declared that its GrabPay Card service will be phased out, effective 1 June 2024.…
The Indonesian Financial Services Authority (OJK) has issued a new mandate requiring all financial institutions introducing new products and services,…
The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the…
Alchemy Pay, a global crypto payment service provider, has invested in UK-based fintech LaPay to expand its global Web 3.o…
London-based fintech Paysend has expanded its partnership with Currencycloud, a provider of B2B embedded cross-border solutions, to extend its international…
Southeast Asian venture capital firm Golden Gate Ventures announced the promotion of Angela Toy to Chief Operating Officer (COO), according…
Indonesian e-wallet LinkAja has secured a strategic investment from Japanese trading house Mitsui & Co., Ltd. The financial details were…
Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk…
The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China. This suspension,…
Vietnamese e-wallet ZaloPay and CIMB Bank, a highly regarded bank in Southeast Asia, recognising the challenges posed by the global…
HSBC has earmarked US$150 million for its venture debt offering that is aimed at scaling high-growth companies in Singapore. Through…