Asia

XTransfer, a China-based business to business (B2B) cross-border trade payment platform and KBank, a Thailand-based financial institution in the AEC+3 (ASEAN Economic Community plus China, Japan, and South Korea) market, have teamed up to boost cross border solutions in ASEAN.

BMI Country Risk and Industry Research (BMI)'s technology team forecasts an average of 9.7 percent year on year data center capacity growth across Asia Pacific (APAC) between 2025 and 2028, with Malaysia, Indonesia and India at the forefront of this growth.

The Global Finance & Technology Network (GFTN) announced last Wednesday a strategic partnership with the Qatar Development Bank (QDB), represented by Qatar Fintech Hub (QFTH) to establish a Global Center of Excellence (CoE) for Finance and Technology in Doha.

Nium, the Singapore-based infrastructure for real-time cross-border payments, has announced an expanded partnership with Abu Dhabi-based payments innovator Digit9 to accelerate payouts across key markets, empowering businesses to move money instantly, transparently, and at scale.

TenPay Global, Tencent's cross-border payment platform and one of the designated inaugural foreign institution partners of China's Cross-Border Interconnection Payment Gateway (CPG), is expanding the connection of international wallets and institutions to Weixin Pay through CPG.

Japan-based NTT DOCOMO Ventures, Inc. and NTT Finance Corporation will jointly establish a new investment vehicle in Singapore, Synexia Ventures Pte. Ltd., aimed at strengthening collaboration with promising startups in Southeast Asia.

Australia-based Banking Circle S.A. (Banking Circle) announced Wednesday that its wholly owned subsidiary BC Payments Pte. Ltd. (BC Payments Singapore) has been granted a major payment institution (MPI) license by the Monetary Authority of Singapore (MAS).

True Global Ventures (TGV), the Singapore-based global venture capital firm investing in artificial intelligence (AI) and blockchain technology companies, have celebrated a historic week in the United States as Forge Global's $660 million acquisition and Animoca Brands' planned Nasdaq listing mark defining moments for the firm's Funds 4 and 5.

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.

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…