FinTech
Ant Group expands Alipay+ coverage to all 7-Eleven stores in Malaysia
Ant Group, the operator of Alipay+, a suite of global cross-border digital payment and marketing solutions, has on Monday announced the latest expansion of Alipay+ coverage to all 7-Eleven stores in Malaysia, enabled by Razer Merchant Services.
OCBC Bank ties up with five electric vehicle-related companies to provide affordable payment options in Malaysia
In a move to strengthen its environmental, social and governance (ESG)-related offerings to retail customers, OCBC Bank (Malaysia) Berhad (OCBC Bank) is tying up with five electric vehicle (EV)-related companies to provide EV owners with affordable options for their green journey.
Singapore’s dtcpay raises $16.5M in Pre-Series A funding round led by Kwee Liong Tek
Dtcpay, a Singapore-based digital payments platform, on Wednesday announced it has raised $16.5 million in a pre-Series A funding round. Singapore's conglomerate family business owners and Pontiac Land Group Chairman Kwee Liong Tek led this round.
Monetary Authority of Singapore proposes standards for digital money
The Monetary Authority of Singapore (MAS) has on Wednesday published a whitepaper proposing a common protocol to specify conditions for the use of digital money such as central bank digital currencies (CBDCs), tokenized bank deposits, and stablecoins on a distributed ledger.
Funding Societies introduces Shariah-compliant Guaranteed Islamic Investment Note in Malaysia
Following the launch of its comprehensive Islamic financing solutions recently, Funding Societies, the Singapore-based unified small and medium sized enterprise (SME) digital finance platform, has introduced its Guaranteed Islamic Investment Note (GN-i) in Malaysia.
Grab plans biggest job-cut round since pandemic – report
Last month, Grab said it is ‘on track’ to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter.
Malaysia’s GHL expands Alipay+ integration to 2,600 Thai merchants
Malaysia-based payment service firm GHL Systems Berhad (GHL) has enabled Alipay+ for over 2,600 local businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets.
IndusInd Bank partners with Wise to offer online inward remittance to India
Indian financial services provider IndusInd Bank has on last Friday announced its partnership with global payment firm Wise to offer online inward remittance services to Non Resident Indians (NRIs) residing in United States and Singapore.
FOMO Pay implements Moody’s Analytics End-to-End KYC/AML Risk Monitoring Solutions
FOMO Pay, the Singapore-headquartered major payment institution, announced Monday its implementation of Moody's Analytics know your customer (KYC) solution to monitor risk and secure compliance of its digital payments and digital banking services.
Singaporean fintech firm Pilon secures fresh funding Kaya Founders
Pilon, a Singapore-headquartered FinTech firm that offers cloud-based supply chain financing system, announced Thursday that it has successfully secured a top-up round from Philippines-based Kaya Founders to accelerate growth plans and strengthen its presence in the Philippines market.
