News

Singapore’s SUNRATE integrates with Google Pay to support businesses with seamless, secure global payments

SUNRATE, the Singapore-based payment and treasury management platform, announced Thursday the integration of its commercial cards with Google Pay, giving businesses worldwide a faster, more secure, and convenient way to pay directly from their Android devices.

TikTok Shop launches $4.74M stimulus package to boost digital economy in Malaysia

E-commerce platform TikTok Shop announced Wednesday that it is further injecting MYR 20 million ($4.74 million) into the local digital economy in Malaysia through its new #JomLokal Booster Stimulus Package, to provide enhanced support for local micro, small, and medium-sized enterprises (MSMEs) and homegrown products.

Coda, Digital Garage join forces to expand out-of-app monetization for gaming publishers

Coda, a digital content monetization firm headquartered in Singapore and Digital Garage, the operator of Japan’s third-party payment platform AppPay, have on Wednesday announced a strategic partnership to accelerate revenue growth for games publishers through out-of-app monetization and distribution solutions.

Singapore’s BeeX launches $7.76M Series A funding round to fuel global expansion

BeeX, the Singapore-based artificial intelligence (AI)-powered autonomous underwater vehicles, has launched its S$10 million ($7.76 million) Series A Round to fuel its global expansion.

U Mobile, ZTE team up for AI-enhanced 5G-A network solutions, intelligence 5G-enabled industrial campuses in East Malaysia

U Mobile, Malaysia’s 5G network provider, has signed a memorandum of understanding (MoU) with ZTE Corporation, a Chinese provider of integrated information and communication technology solutions, to spur digital transformation in East Malaysia.

Alibaba Cloud plans to launch new data centers in eight countries

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Wednesday its latest strategic plans to launch data centers across eight countries including Malaysia.

Temasek backs UK blockchain payment firm Fnality’s $136M Series C funding

Fnality, the operator of next generation wholesale payment systems in the United Kingdom, announced Tuesday it has raised $136 million in a Series C funding round led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb.

South Korea’s LG Innotek secures $200M funding from IFC to expand its production facility in Vietnam

South Korea-based LG Innotek, an affiliate of LG Group, has secured $200 million funding from the International Finance Corporation (IFC) to expand its production facility in Vietnam.

Malaysia’s Paydibs partners with Alipay+ to expand cross-border payment capabilities

Paydibs, a Malaysia-based digital payments service provider, has announced a strategic partnership with Alipay+, a global wallet gateway under Ant International.

4000 Malaysian companies expand globally with government-backed digital trade platform

4000 Malaysian companies have expanded globally with government-backed MADANI Digital Trade (MDT) platform, Malaysia External Trade Development Corporation (MATRADE) said Thursday.