Korea

KakaoBank to Snap Up 10% Stake in Indonesia’s Superbank

KakaoBank, a South Korean digital-only bank, is set to acquire a 10% stake in Superbank, a new digital-focused bank in Indonesia formerly known as Bank Fama. Superbank is backed by a consortium comprising Grab, Singtel, and Emtek Group. It is

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Alchemy Pay Raises US$10 Million to Accelerate South Korean Expansion Plans

Singaporean payments provider Alchemy Pay announced that it has secured US$10 million in funding from multi-stage web3 investment firm DWF Labs. Alchemy Pay is now estimated to be valued at U$400 million and will be using the new funds to

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ComfortDelGro Partners Alipay+ to Accept Mobile Payments From Malaysia, S. Korea

Singaporean taxi operator ComfortDelGro Taxi has partnered with Alipay+ to enable mobile payments from Malaysia and South Korea through Touch ‘n Go eWallet and Kakao Pay respectively in all its Comfort and CityCab taxis. Users of these mobile wallets can

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Kakao Sets up Non-Profit Entity in Singapore To Lead Klaytn Blockchain’s Expansion

South Korean Internet giant Kakao has set up a non-profit entity headquartered in Singapore named the Klaytn Foundation to accelerate the sustainable growth of Klaytn blockchain and its ecosystem. Klaytn is a service-centric blockchain platform that was previously led by

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GME Remittance Joins RippleNet for Payments Push From South Korea to Thailand

Global Money Express (GME Remittance), a non-bank remittance service provider in South Korea, has joined Ripple‘s blockchain-based payments network, RippleNet to accelerate and scale payments from South Korea to Thailand. This partnership was established through SBI Ripple Asia, a joint

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Here Are the 10 Startups That Graduated From F10 Singapore’s Accelerator Programme

Swiss-based fintech incubator and accelerator F10 announced that ten startups from the UK, Israel, Nepal, Malaysia, India and Singapore have graduated successfully from its early-stage startups’ programme during a virtual Demo Day on 15th July 2021. The teams went through

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F10 Partners Seoul Fintech Lab, K Accelerator for South Korean Expansion

Fintech startup incubator and accelerator F10 has partnered with Seoul Fintech Lab which is funded by the Seoul Metropolitan Government and K accelerator, a fintech support center based in Seoul, to expand its incubation programme to South Korea. The programme

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Digital Risks Of Mobile Apps Are On The Rise

Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or

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Korea Launches Fintech and Cybersecurity Focused Startup Centre in Singapore

The K-Startup Centre (KSC) in Singapore, the first Korean startup centre in Southeast Asia, was officially launched today by South Korea’s Ministry of SMEs and Startups (MSS). They said it is a reflection of the strong interest among the Korean

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Raising US$90 Mil From a Private Round, Kakao’s Ground X Now Opens ICO to The Public

Kakao Group just raised US$90 million in a private coin offering to bolster Ground X, its blockchain development arm—and the company is already eyeing its next funding round. According to Jason Han, CEO of Kakao’s Group X, the initial funding

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