News
Financial-payment platform Airwallex ready for full commercial launch in Malaysia
Airwallex, co-headquartered in Singapore and California, has received approval from Bank Negara Malaysia, the central bank of Malaysia, for its e-money issuing and Class A licences, enabling the company to offer a broader range of payment services in Malaysia.
Asia remains world’s most wallet led region as A2A payments accelerate – Worldpay
Asia Pacific (APAC) remains the world’s most wallet led region, with digital wallets accounting for 77 percent of online spend ($ 2.7 trillion) and 63 percent of in-person spend ($6.3 trillion) in 2025 – the highest share of any region worldwide, Worldpay (now Global Payments) said Wednesday.
Singapore-headquartered BDX Data Centers secures $320M loan for AI expansion in Indonesia
BDx Data Centers has secured a $320 million loan facility to support the expansion of its digital infrastructure footprint across Asia, the Signapore-headquartered data center operator with a focus on the Asia-Pacific market said in a release on Wednesday.
Exa Labs opens first Asia office in Singapore to advance AI search infrastructure
Exa Labs, the United States-based AI search engine firm, has on Monday announced the opening of its first Asia office in Singapore.
Khazanah-backed insurtech firm PolicyStreet raises $21M in Series C funding round
Malaysia-founded PolicyStreet has secured RM84 million (US$21 million) in the first close of its Series C funding round, the insurtech firm said in a press release on Wednesday.
Agoda opens new APAC tech hub in Bangkok
Headquartered in Singapore, Agoda is part of NASDAQ-listed Booking Holdings and employs more than 7,000 staff globally.
Malaysia’s digital banks collectively served 2.4M customers, with total deposits of $1.04B by end of 2025
All five digital banks have collectively served 2.4 million customers, with total deposits of MYR 4.2 billion ($1.04 billion) in Malaysia by end of 2025, its central bank's annual report showed Tuesday.
Vietnam records foreign investment $14.2B in semiconductor, to further attract big tech
Vietnam's semiconductor sector has so far recorded foreign direct investment (FDI) of $14.2 billion in 241 projects and will strive to further attract global big tech to invest in the country.
Microsoft plans $1B investment in Thailand’s cloud and AI infrastructure
Microsoft announced a plan to invest more than $1 billion in cloud and artificial intelligence (AI) infrastructure in Thailand between 2026 and 2028, following a meeting in Bangkok between Vice Chair and President Brad Smith and Prime Minister Anutin Charnvirakul.
Singapore’s Groundup.ai secures $10M maintenance contract
Groundup.ai, Singapore-based agentic AI for cognitive maintenance, announced Monday it has officially closed a contract exceeding $10 million — the largest in the company’s history.
