News
XTransfer partners SCB to boost cross-border payments
XTransfer, the China-based business to business (B2B) cross-border trade payment platform and Siam Commercial Bank (SCB), Thailand's first indigenous bank, announced Monday the signing of a memorandum of understanding (MoU) to improve cross-border payments.
Grab and StraitsX sign MOU to explore development of Web3 wallets and stablecoin-based settlement layer across Asia
Singapore-based superapp Grab and digital assets firm StraitsX announced Tuesday a strategic memorandum of understanding (MOU) to explore the development of a Web3-enabled payments infrastructure across Asia.
GlobalFoundries acquires Singapore’s Advanced Micro Foundry to expand AI infrastructure portfolio
GlobalFoundries (GF) announced Monday the acquisition of Advanced Micro Foundry (AMF), a silicon photonics foundry based in Singapore, marking a pivotal step in GF’s strategy to advance innovation and its leadership in silicon photonics.
Accelerating Asia backs eight startups in its 12th Cohort
Accelerating Asia Ventures, Singapore-based independent venture capital accelerator, announced last Friday its investment in eight new startups joining its twelfth cohort.
Payrex taps Billease to bring BNPL to Philippine merchants
Payment gateway startup Payrex is teaming up with Billease, the Philippines’ Buy Now, Pay Later (BNPL) platform, to make flexible payment options available to thousands of online and offline merchants through a single API integration.
Bahrain and Singapore team up to boost digital public infrastructure
BENEFIT and Singapore-based technology company MonetaGo, in collaboration with Bahrain FinTech Bay (BFB), have embarked on the implementation phase of Bahrain’s National Digital Public Infrastructure (DPI) Initiative to develop a digital ledger for all financed trade transactions and invoice submissions creating an alternative data credit score to…
Malaysia’s FeedMe raises $5M to accelerate restaurant automation across Southeast Asia
FeedMe, the Malaysia-based restaurant software platform, announced Tuesday a $5 million funding round led by Integra Partners, with participation from Cento Ventures.
UBS and Ant International partner on blockchain-based real-time cross-border payments settlement and liquidity management
Swiss multinational investment bank UBS has entered a strategic partnership with Ant International, a Singapore-based digital payment firm, to explore innovations in blockchain-based tokenized deposits to support Ant International’s global payments settlement and liquidity management.
Singapore’s PDG expands to South Korea with $700M data center investment
Princeton Digital Group (PDG), the Singapore-based data center operator, announced Monday its entry into South Korea with an investment of $700 million, its seventh country after Singapore, Japan, India, Indonesia, China and Malaysia.
Equinix supports Groq in launching low-latency AI inference in APAC
Groq, a global artificial intelligence (AI) inference firm, has expanded its global AI infrastructure footprint to the Asia-Pacific (APAC) region through its deployment in Equinix’s International Business Exchange (IBX) data center in Sydney, Australia.
