FinTech
Singapore’s Amilo acquires Thailand’s Sivadon Logistics to accelerate growth
Amilo, a Singapore-based logistics firm, has on Thursday announced its acquisition of Sivadon Logistics in Thailand to accelerate growth.
Singapore’s DCS Innov acquires wallet-as-a-service platform HolyWally
Singapore-based DCS Innov, a subsidiary of DCS Fintech Holdings, has on Thursday announced the acquisition of HolyWally, wallet-as-a-service (WaaS) platform. This strategic move marks a significant milestone in DCS Innov’s global expansion plans, particularly into the United States and European markets,.
Global payments platform Adyen expands payment processing to India
Adyen, the global fintech firm, announced Thursday its expansion in India. This is following the grant of authorization from the Reserve Bank of India to operate as an online payment aggregator in India for domestic and cross-border payments.
Xero Research: Digital payment trends exploding in Singapore with Gen Z leading shift
New research by global small business platform Xero revealed Thursday that Singapore’s younger generations of consumers are leading the shift to digital payments while more than half of small businesses in the country do not currently provide cash payment options.
Singapore’s Chocolate Finance launches spare cash management account
Singapore fintech firm Chocolate Finance announced Wednesday the launch of its spare cash management account. The firm redefines cash management with an enticing 4.2 percent per annum return on the first S$20,000 ($15,178) and a target of 3.5 percent per annum on subsequent amounts.
Syfe raises $27M in new funding round, announces profitability in Singapore
Syfe, a Singapore-based saving and investment platform, has on Wednesday announced that it has closed a $27 million funding round, increasing its valuation and bringing total funds raised to $79 million.
Singapore’s Sea revises up guidance for Shopee amid strong e-commerce momentum
Singapore-based tech conglomerate Sea Limited has raised the outlook for its e-commerce arm Shopee amid strong e-commerce momentum.
Wise increases account holding and spending limits amidst 30 percent year on year customer growth in Singapore
Global technology company Wise announced Tuesday it has expanded its holding and spending limits for the Wise Account in Singapore. This comes as Wise celebrates a 30 percent year-over-year growth in its local customer base, driven by increased demand for faster, low-cost and more transparent international payments.
Philippine Central Bank lifts moratorium on establishment of digital banks
Philippine Central Bank Bangko Sentral ng Pilipinas (BSP) has approved the lifting of the moratorium on the grant of new digital banking licenses starting January 1, 2025 and allowed a maximum of ten digital banks to operate in the country.
The purpose of restaking in DeFi: Unlocking higher yields and improved liquidity
Decentralized finance (DeFi) has experienced significant growth in 2024, with total value locked (TVL) more than doubling its value since the previous year. According to CoinGecko, the DeFi ecosystem boasts over $91.76 billion in locked assets as of June 2024, demonstrating a shift in market sentiment toward increased trust and adoption. Among the…
