FinTech

Volopay secures major payment institution license in Singapore

Singapore-based FinTech startup Volopay.Co Pte Ltd., has been granted an in-principle approval (IPA) for a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).

Funding Societies crosses $3B in SME lending

Funding Societies | Modalku, the Singapore-based unified small and medium-sized enterprise (SME) digital finance platform, has on Tuesday announced it has achieved $3 billion over more than 5 million transactions of business financing to SMEs across the Southeast Asian region.

Grab launches new features for Southeast Asia travellers

Grab, Southeast Asia’s leading superapp, has on Monday announced new in-app travel innovations and partnerships to give travellers a safe, seamless and hyperlocal experience as Southeast Asia embraces a travel comeback.

Touch ‘n Go eWallet users can pay cashless in more Singapore merchants

Touch ‘n Go eWallet announced Monday that their users from Malaysia can now conveniently make cashless payments at even more participating merchants in Singapore.

Funding Societies partners CGC to launch SME Portfolio Guarantee to improve Malaysian SMEs digital financing access

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital finance platform in Malaysia and Southeast Asia, and Credit Guarantee Corporation Malaysia Berhad (CGC) have signed an SME Portfolio Guarantee (SME PG) agreement with the mutual objective of propelling the growth of Malaysian SMEs by providing easier access to financing.

Singapore’s Thunes secures new license in France; launches global payout solutions across EU

Thunes, a global cross-border payments company based in Singapore, has been granted a new payments institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France.

Singapore’s Tiger Brokers unveils AI investment assistant TigerGPT

Singapore-based online brokerage firm Tiger Brokers has introduced TigerGPT, a text-generating artificial intelligence (AI) chatbot developed as the first deployment of AI investment assistant in the brokerage industry.

Axiata’s Boost to leverage ecosystem as it prepares to launch its digital bank. Here’s how and why. [Q&A]

TechNode Global talked to Boost Chief Executive Officer Sheyantha Abeykoon to learn about the company’s plan and strategy as it prepares to launch one of the digital banks in the country.

Filipinos spent 4.4 million hours using e-wallet apps in 2022, says Digido

2022 saw over 58 million active users in the Philippines spending a total of 4.4 million hours in using e-wallet applications, according to a new report revealed by the Philippines-based consumer credit service Digido on Monday.

Malaysia’s Soft Space raises $31.5M Series B1 funding led by Southern Capital Group

Soft Space Sdn. Bhd., a Malaysia-based financial technology (Fintech) player, has on Thursday announced it has raised $31.5 million in its latest funding round. Southern Capital Group (SCG) Pte. Ltd, led the funding round.