FinTech
Wix Partners with TripleA to enable Wix business owners to accept cryptocurrency payments
TripleA, a licensed crypto payment gateway in Singapore, on Tuesday announced the launch of their partnership with Wix, a United States-listed global software as a service (SaaS) platform to create, manage, and grow an online presence.
Validus and Citi establish $100M facility to drive SME financing
Singapore FinTech firm Validus and global bank Citibank N.A. (Citi) announced Tuesday the establishment of a $100 million securitisation facility, collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore.
Singapore’s Lightnet receives $50M capital commitment from LDA Capital
Singapore FinTech firm the Lightnet Group (Lightnet) has secured a $50 million capital commitment from LDA Capital Ltd (LDA) to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology.
Singapore FinTech firm banco raises $6.7M Series A round led by SBI Group
Singapore-based FinTech company banco announced Tuesday the successful raise of $6.7 million in Series A funding led by Japan-based leading financial group SBI Group. Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others also joined the round.
Indonesia rolls out cross-border QR payment linkage with Thailand
Bank Indonesia (BI) and the Bank of Thailand (BoT) announced to move from piloting phase to the implementation phase of cross-border QR payment linkage on Monday. The piloting phase of cross-border QR payment linkage between Indonesia and Thailand, launched on August 17, 2021, has been running successfully. For the implementation phase, 76 payment system…
Malaysia’s Creador backs Philippine digital bank operator UnoAsia
Malaysian private equity firm Creador has led a pre-Series A round of $11 million for UnoAsia, operator of Uno Digital Bank, one of only six licensed digital banks in the Philippines.UnoAsia had already raised $33.5 million in pre-seed and seed funding, of which $21 million came from Creador.
Indonesia and Singapore to pursue cross-border QR code payments connectivity
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) announced Monday the commencement of work on a cross-border QR payment linkage between Indonesia and Singapore as part of the ASEAN-wide payments connectivity effort.
APAC consumers ahead in digital payments uptake, Mastercard survey finds.
Consumers in the Asia Pacific (APAC) region remain among the most enthusiastic adopters of digital payments in the world, with 88 percent having used technologies like digital wallets, QR codes, buy now pay later (BNPL), cryptocurrencies, biometrics and others in the last year, Mastercard research revealed on Thursday.
Malaysia’s Kenanga partners China’s Ant to develop wealth super app
Malaysia-based Kenanga Investment Bank Berhad (Kenanga) has partnered with China-based Ant Group to develop Malaysia’s first wealth super app. Both parties have signed a Memorandum of Understanding (MOU) on the partnership, and under the MOU, Kenanga will leverage mPaaS, a mobile development platform from Ant Group’s digital technology unit, to launch the…
Singapore’s Funding Societies signs $50M credit facility with HSBC to drive SME growth in Southeast Asia
Funding Societies, a Singapore-based FinTech firm, announced Monday the signing of a $50 million credit facility with HSBC Singapore to continue expanding the firm’s reach to serving underserved small and medium-sized enterprises (SMEs) in the region.
