News
Standard Chartered, Animoca Brands and HKT team up to issue HKD-backed stablecoin
Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have entered into agreements to establish a joint venture (JV) with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue a Hong Kong dollar-backed stable coin.
EBANX secures in-principle approval for MPI license from MAS for global payment
EBANX, a Brazil-based global payment service provider (PSP) specializing in emerging markets, has on Monday announced that the firm has been granted in-principle approval for a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS).
SC introduces regulatory sandbox to facilitate innovation
The Securities Commission Malaysia (SC) has on Monday released its Regulatory Sandbox Guidelines, detailing the eligibility criteria and requirements for participation.
GCash & BillEase power Enstack merchants with flexible ‘Pay Later’ options to boost sales & growth
This initiative aims to provide small and medium businesses (SMBs) with more flexible and secure payment options while improving access to credit for buyers.
Singapore’s StraitsX partners with Standard Chartered to strengthen stablecoin infrastructure
Through this collaboration, Standard Chartered will serve as one of StraitsX’s trusted banking partners, providing robust cash management and custody services for the reserve assets backing StraitsX’s U.S. Dollar and Singapore Dollar stablecoins, XUSD and XSGD.
Malaysia, Indonesia and Thailand’s central banks adopt local currency transaction framework operational guidelines
Central Banks of Malaysia, Indonesia and Thailand said Monday they will harmonize and broaden the scope of local currency transaction framework to encourage transactions in local currencies.
EconWorks : Grab’s on-demand services in Malaysia adds almost $2.23B to local economy
Singapore-based superapp Grab’s on-demand services, including ride-hailing and delivery, facilitated a substantial economic contribution of MYR 9.9 billion ($2.23 billion) to the Malaysian economy in 2023, approximately 0.5 percent of the country’s gross domestic product (GDP), EconWorks revealed Monday.
Animoca Brands Japan partners with XANA to support global Web3 expansion of game
Animoca Brands Japan, a strategic subsidiary of Animoca Brands, has on Monday announced it has entered into a partnership with XANA LLC, the company behind the Web3 metaverse XANA.
Straits Millennium secures in-principle approval for MAS MPI license to offer DPT services in Singapore
Straits Millennium Pte Ltd, a member of Singapore-based financial services firm Straits Financial Group, has on Monday announced that it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) License to offer digital payment token (DPT) services in the country.
Momentum Works: Southeast Asia food delivery spending grows 13 percent to $19.3B in 2024
Southeast Asia’s food delivery spending grew 13 percent year on year to $19.3 billion in 2024 with Vietnam and Indonesia leading growth, Momentum Works said Monday.
