Lending
All 5 Singapore Digital Banks Are Now Members of the Credit Bureau
The five digital banks licensed by the Monetary Authority of Singapore (MAS) are now members of the island state’s credit bureau. This brings the Credit Bureau Singapore’s (CBS) members to 36. The two full digital banks Grab and Singtel’s GXS
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2C2P Partners Pine Labs to Expand BNPL Acceptance Across Six APAC Countries
Payments firm 2C2P has partnered with merchant commerce platform Pine Labs to expand Buy Now Pay Later (BNPL) acceptance across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand. Unlike most BNPL offerings, Pine
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CIMB Philippines Partners SeaMoney to Onboard 2.5 Million BNPL Customers in 2023
CIMB Bank Philippines has partnered with Southeast Asia’s digital payments provider SeaMoney to onboard 2.5 million customers for its Buy Now, Pay Later (BNPL) platform SPayLater in 2023, doubling the 1.3 million users SPayLater currently has in the country. SPayLater
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Funding Societies Thailand Surpasses THB 1 Billion in Loan Disbursements
Funding Societies a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that its Thai business has reached THB 1 billion (US$ 27.8 million) in loan disbursements for year-to-date (YTD) 2022. The company said that it is looking
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FinAccel Makes Senior Exec Appointments Ahead of New Digibank Launch
FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, announced a flurry of senior appointments to bolster its management team to prepare for the upcoming launch of its digital bank Krom. Formerly known as Bank Bisnis
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Singapore Fintech Association Appoints Experian to Operate Its BNPL Bureau
Consumer financial data service provider Experian has been appointed as the bureau operator for Singapore’s Buy Now, Pay Later (BNPL) Working Group by the Singapore Fintech Association (SFA). Experian will facilitate creditworthiness checks for consumers with users’ credit information submitted
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WIAM Group Set to Expand Its Proprietary Neo-Financing Technology Globally
Fintech firm WIAM Group has set out to realise its international expansion plans to bring its proprietary “neo-financing technology” to empower consumers around the globe. Having raised its own seed funding, WIAM’s founders plan to establish partnerships in other regions
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3 Ways Machine Learning Can Enhance Your Lending Process
A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the cusp of financial inclusion, thanks to the growing availability and adoption of digital lending services. The fintech-as-a-service market is predicted
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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC
Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted
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Trip.com Partners Atome for BNPL Payments in APAC
Travel platform Trip.com has partnered with buy now pay later (BNPL) provider Atome to offer BNPL options to its customers across the region, starting first in Singapore. The partnership is Trip.com’s first-ever regional partnership with a BNPL platform and is
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