FinTech
Funding Societies has disbursed $64.22M in Islamic financing to MSMEs in Malaysia
Funding Societies, the Singapore-based unified digital finance platform for small and medium sized enterprises (SMEs), has successfully disbursed MYR 300 million ($64.22 million) in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) in Malaysia since launching its comprehensive suite of Islamic products in June 2023.
PayNet launches next-generation cloud skills programme to bridge Malaysia’s digital talent gap in the financial services industry
Malaysian Central Bank-owned Payments Network Malaysia (PayNet) has on Monday launched Program Akar, a new program designed to address the urgent need for digitally skilled workers in Malaysia.
China’s XTransfer gets Singapore approval to provide payment services for SMEs
XTransfer, China-based business to business (B2B) cross-border trade payment platform, announced Tuesday that it has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a major payment institution license (MPI).
Malaysia’s mobile payment firm BigPay expands to Thailand
BigPay, the mobile payments unit of Malaysia-based Capital A, has announced its expansion into Thailand, bringing a financial solution to travellers and residents alike.
Singapore fintech firm PEXX raises $4.5M in seed funding led by TNB Aura
PEXX, a Singapore-based fintech startup specializing in cryptocurrency and blockchain technology, has on Tuesday announced the successful closure of a $4.5 million seed funding.
Asia-Pacific cashless payments projected to reach almost 45 percent of global payment volume by 2030
Asia-Pacific cashless payments projected to reach almost 45% of global payment volume by 2030, S&P Global Market Intelligence said Tuesday.
Singapore’s Partior raises $60M+ in Series B funding round led by Peak XV Partners
Partior, a Singapore-based fintech company, has announced the first close of a $60 million+ Series B round led by Peak XV Partners.
Pelago partners with Primer to deliver payments innovation for the global traveler
Primer, the United Kingdom-based payment firm, and Pelago, the travel experiences arm of Singapore Airlines Group, have forged a partnership allowing Pelago to elevate its payments strategy and meet the payment preferences of travelers worldwide.
Ant International collaborates with BNP Paribas on promoting cross-border payment solutions in Europe
BNP Paribas, the European Union’s leading bank, and Ant International, a Singapore-based digital payment and financial technology firm, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
Report: 84% of Singapore travel companies see fragile margins due to inefficient payment systems
66 percent of travel companies are seeing their profit margins impacted by outdated or complicated payment systems, with nine in ten expected to prioritize modernizing their financial operations this year, a report said Tuesday.
