FinTech

Australia-based FinTech platform Airwallex announced Thursday the launch of its cross-border payment services in Malaysia, following its grant of a money services business license by Malaysian regulator Bank Negara Malaysia in August last year. Initially, qualified Malaysian businesses will be given access to Airwallex's fast, transparent and cost-effective…

Pace Enterprise (Pace), a Singapore-based FinTech solutions company with "Buy Now Pay Later" (BNPL) platform, announced Wednesday that it has signed an agreement to acquire the assets of Rely, the home-grown FinTech startup that offers BNPL services in the region, for an undisclosed sum.

Southeast Asia super app Grab and Sea Ltd’s e-commerce platform Shopee have started providing BNPL options in Malaysia since last year. Advance Intelligence Group’s Atome, Pine Labs’ Fave, Allectus Capital-backed Hoolah, 500 Startup-backed Split are among the FinTech startups that provide such services in the country.

Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.

South Korea-based artificial intelligence (AI)-driven asset management fintech start-up Akros Technologies (Akros) announced on Tuesday that it has raised $3.75 million led by South Korea-based peer-to-peer lending platform PeopleFund.

FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.

2C2P and ShopeePay announced Wednesday a new partnership to increase access to digital payments for consumers and merchants by enabling ShopeePay as a payment option to 2C2P’s extensive merchant network across five markets in Southeast Asia. The move will enhance connectivity to the digital economy, a key driver of regional economic development. With…

Validus has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book. This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and customer base, and it underscores Validus’…

Touch ‘n Go eWallet announced Monday that it is collaborating with Singapore's Dotlines to provide digital solutions for migrants in Malaysia. A cashless society is now closer than before, and with this collaboration, the migrant community can fully embrace and be part of the cashless society.

Malaysian lender Public Bank said Friday the bank and Carsome has officially signed a Memorandum of Understanding (MoU) for greater business collaborations. With this MoU, the bank will be able to provide stock-financing and end-financing arrangement for the vehicles to its member Car Dealers and individual purchasers who have won the bids through Carsome…