News
Malaysia, Indonesia and Thailand expand local currency transaction framework
Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) have announced the appointment of additional qualified commercial banks to operationalize the Local Currency Transaction Framework (LCTF).
TransferMate receives In-Principle Approval from MAS to expand payment services in Singapore
TransferMate, a global embedded business to business (B2B) payments infrastructure as a service (IaaS) firm, announced Tuesday that its TransferMate Pte. Ltd. has received in-principle approval from the Monetary Authority of Singapore (MAS) to add account issuance, domestic money transfers and e-money issuance to its Major Payment Institution (MPI) license.
MEXC Ventures Invests in Indonesia’s crypto exchange Triv at $200M valuation to accelerate SEA expansion
MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, one of Indonesia's most established and prominent cryptocurrency exchanges, which currently holds a valuation of $200 million.
S P Setia partners Antler Ibex to launch Southeast Asia-vide AI & PropTech Challenge under Malaysia’s government initiative
Malaysia's property firm S P Setia Berhad has partnered with Antler Ibex, the corporate innovation arm of the early-stage investor Antler to launch of the Setia Al & PropTech Innovation Challenge.
SUNRATE secures Money Services Business license in Malaysia
SUNRATE, the Singapore-based payment and treasury management platform, announced Wednesday that the company has been awarded Approval-in-Principle (AIP) by the Bank Negara Malaysia (BNM) for a Money Services Business (MSB) license.
UPM and DNB partner to launch Malaysia’s first 5G-enabled AI Sandbox campus
Universiti Putra Malaysia (UPM) and Digital Nasional Berhad (DNB) have on Monday signed a memorandum of understanding (MoU) to establish Malaysia’s first 5G-powered unmanned aerial system sandbox for Beyond Visual Line of Sight (BVLOS) operations.
Maybank forges $240M strategic partnership with Microsoft to accelerate digital transformation, AI-driven innovation
Malayan Banking Bhd (Maybank), Malaysia’s largest financial services group, has entered into a MYR 1 billion ($240 million) strategic partnership with global technology firm Microsoft, to accelerate its digital transformation journey and reinforce its commitment in enhancing customer experience.
Razer launches AI center of excellence in Singapore
Razer, a lifestyle brand for gamers, announced Tuesday the launch of its AI Center of Excellence in Singapore, marking the first phase of its artificial intelligence (AI) global strategy.
Gentari and AWS ink 80MW wind energy deal in India to accelerate net zero goals
Malaysian clean energy solutions provider Gentari and Amazon Web Services (AWS) have signed a power purchase agreement (PPA) for an 80MW wind power project in Tamil Nadu, India.
VinFast launches EV assembly plant in India
Vietnam-based automaker VinFast has on Monday officially inaugurated its electric vehicle (EV) assembly plant at the SIPCOT Industrial Park in Thoothukudi, Tamil Nadu, India.
