Latest news and trends about tech
Singapore’s 2C2P bolsters global growth with strategic executive appointments
2C2P, a Singapore-based global payments platform, has on Wednesday announced that it has appointed three new senior executives to drive further expansion and enhance its service delivery, solidifying its commitment to excellence in the ever-evolving payments landscape.
Skills for jobs to change by at least 65 percent by 2030 as AI accelerates workplace change, says LinkedIn
The skills needed for jobs globally are estimated to change by at least 65 percent by 2030 as rapid developments in artificial intelligence (AI) accelerate workplace change, according to LinkedIn, the world’s largest professional network.
US crypto platform Ripple secures Singapore payments license
Ripple, the United States-based enterprise blockchain and crypto solutions provider, announced Tuesday that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The issuance of Ripple’s MPI license for digital payment tokens (DPTs) follows the MAS’…
Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say
Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.
Philippine’s NDC partners Quest Ventures to strengthen startup ecosystem
The National Development Company (NDC), a Philippine state-owned enterprise investing in diverse industries, has signed a series of agreements with Singapore-based venture capital firm Quest Ventures to bolster the vibrant emerging startup and innovation ecosystem in the country.
Filipino fintech startup Packworks seals partnership to provide unbanked mom-and-pop shops access to financing
Filipino fintech startup Packworks said Tuesday that the firm has sealed partnerships to provide unbanked mom-and-pop shops access to microfinancing, financial services to boost growth. The firm has recently penned partnerships with Cebuana Lhuillier and 1Sari Financing Corporation to provide sari-sari stores access to secure, reliable, and affordable…
Malaysian Fintech startup MADCash secures $1M in funding to empower women entrepreneurs
MADCash Sdn. Bhd., a fintech startup focused on providing zero-interest microfunds to women entrepreneurs, has announced the successful completion of its pre-series A funding round, securing MYR 5 million ($1.06 million) investment. The funding was led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.
GoTo secures $150M from IFC to drive sustainable business and financial inclusion across Indonesia
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, has secured $150 million from the International Finance Corporation (IFC), a member of the World Bank Group. The duo have sealed a partnership to boost financial inclusion and sustainability across Indonesia.
Visa launches $100M generative AI ventures initiative
Visa, a global payment firm, has on Monday announced a new $100 million generative artificial intelligence (AI) ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.
Malaysia launches i-ESG Framework to tap into $12T global market on ESG-focused opportunities
The Ministry of Investment, Trade & Industry (MITI) in Malaysia has on Monday launched the National Industry Environmental, Social and Governance (ESG) Framework (i-ESG Framework) to prepare the nation’s manufacturing sector on embracing ESG principles, and for tapping into a $12-trillion global market on ESG-focused opportunities.
