News
Tencent launches new payment solution to enable merchants to accept local payments outside of China
China-based payment firm Tencent announced Tuesday the launch of TenPay Global Checkout, a new payment solution for Weixin Mini Program merchants operating in global markets to accept a wide range of local payment methods with ease.
QuantLeap and TransBnk India ink MOU to accelerate transaction banking innovation across SEA
TransBnk India, an India-based transaction banking infrastructure, and QuantLeap, a Singapore-based digital finance transformation company, have signed a strategic memorandum of understanding (MoU) to modernize and accelerate transaction banking innovation across Southeast Asia, Japan, and wider Asia-Pacific (JAPAC) markets.
Abdul Latif Jameel Finance partners Ant International to grow, strengthen MSMEs in the Kingdom with advanced digital services
Abdul Latif Jameel Finance, an innovative financing solutions and services provider in Saudi Arabia, and Ant International, a global digital payment, digitization and financial technology provider based in Singapore, have signed a memorandum of understanding (MoU) to jointly explore opportunities in the financial technology sector in the Kingdom of Saudi…
EY launches ey.ai Innovation Center in Penang of Malaysia
Ernst & Young Consulting Sdn. Bhd. (EY Malaysia) has launched its ey.ai Innovation Center in Penang, marking a significant milestone to advance Malaysia’s position as a strategic hub for artificial intelligence (AI) innovation and capability building.
Singapore’s digital economy GMV to reach $29B in 2025 – report
Singapore’s digital economy gross merchandise value (GMV) is projected to reach $29 billion in 2025, up 7 percent from 2024, driven by strong momentum in key sectors, a report showed Tuesday.
Thailand approves $3.1B data center projects
Thailand Board of Investment (BOI) has approved investment privileges for projects worth a combined 100 billion baht ($3.1 billion) in value, including data center projects by several international investors.
NTU Singapore, Zero Gravity team up to launch $3.84M research center for decentralized AI technologies
NTU Singapore and Zero Gravity (0G), a decentralized artificial intelligence (AI) infrastructure company, have announced a S$5 million ($3.84 million) partnership to establish a joint research hub advancing blockchain-based AI technologies that will be more accessible and accountable.
Singapore and Indonesia deepen collaboration in FinTech and digital financial assets
The Monetary Authority of Singapore (MAS) and the Otoritas Jasa Keuangan (OJK) have renewed their commitment to deepening collaboration in FinTech and strengthening financial cooperation by signing a memorandum of understanding (MOU) on cooperation in financial technology.
ASEAN’s digital economy poised to surpass $300B in GMV by 2025 – report
ASEAN’s digital economy poised to surpass $300 billion in gross merchandise value (GMV) by 2025, fueled by 7.4 times of GMV and 11.2 times of revenue growth in a decade, Google, Temasek, and Bain & Company said Tuesday.
IFC invests $14M in MR. D.I.Y. Thailand IPO to boost access to affordable home improvement
To promote job creation and economic inclusion across Thailand, the International Finance Corporation (IFC) has invested THB 455.7 million ($14 million) as an anchor investor in the initial public offering (IPO) of MR. D.I.Y. Holding (Thailand) Public Company Limited (MR. D.I.Y. Thailand), a home improvement and lifestyle retailer with over 1,000 stores…
