FinTech

Vietnamese digital payment firm MoMo and American multinational financial services company have on Monday announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.

PhonePe, one of India’s largest fintech platforms, has on Friday announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion.

Singapore-based environmental, social, and governance (ESG) fintech firm Hashstacs Pte Ltd (STACS), has on Thursday announced its partnership with green logistics certification body and non-profit association Green Freight Asia Network (GFA) to greenify the transportation and logistics sector and enable access to sustainable financing.

The RHB Xcelerator programme, which have been launched by Malaysian lender RHB Banking Group and Malaysian venture capital (VC) firm 1337 Ventures, has announced 11 finalists that will compete at its first Demo Day.

Indonesian Islamic digital bank Hijra Bank is optimistic that its performance this year will increase, because it is supported by the number of users that have experienced significant growth, in line with the high public needs in sharia financial services.

Global digital payments firm Visa has announced its partnership with Malaysia-based payments company GHL Systems Berhad to enable Visa Instalments for in-store purchases, a first of its kind initiative in Asia Pacific.

Singapore private market exchange ADDX has inked a memorandum of understanding (MOU) with Singapore-listed financial firm Yangzijiang Financial Holding Ltd for the distribution of capital markets products.

Indian fintech startup Growfin has on Tuesday announced a $7.5 million Series A funding round to provide real-time visibility and predictability in cash flow for modern Chief Financial Officers (CFOs).

The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.

Endowus, a Singapore-based digital wealth platform, has launched a community impact initiative, Endowus Empower. This initiative aims to provide underrepresented, underserved, and underprivileged groups with the right tools, advice, opportunities, and community support to reach their wealth and life goals.