Singapore
UK’s TerraPay receives in-principle approval for an MPI license from MAS
TerraPay, a United Kingdom-based global payments infrastructure company, has secured an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). With this coveted approval from MAS, TerraPay’s customers and leading global enterprises will be able to access its expansive network, across 120 receive…
MAS commits up to $111M for technology and innovation in financial sector
The Monetary Authority of Singapore (MAS) has on Monday announced that it will commit up to SGD 150 million ($111.47 million) over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with…
Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024
Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…
Singapore’s Endowus raises $35M funding from UBS, Citi Ventures, MUFG and others
Singapore-based digital wealth platform Endowus has raised $35 million in its latest funding round. The firm said in a statement on Wednesday that new investors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s wealthiest families with various operating businesses spanning banking to real estate across Singapore, Southeast Asia,…
FOMO acquires Singapore financial institutions CapBridge, 1exchange to expand into capital markets
FOMO Group, a Singapore-based financial holding group, has on Monday announced that it has completed the acquisition of CapBridge Pte Ltd (CapBridge), a capital markets service and asset custody firm, and 1X Exchange Pte Ltd (1exchange), a private securities exchange company.
Singapore Red Cross partners with Triple-A to accept cryptocurrency donations
Singapore homegrown humanitarian organization Singapore Red Cross has partnered with crypto payment gateway Triple-A to include cryptocurrency as a newly-accepted form of donation. With Triple-A's white-label crypto payment solutions, the Singapore Red Cross can now receive cryptocurrency donations from supporters, to deliver humanitarian services to uplift…
Cyber Youth Singapore’s Ben Chua on CYSummit 2023 and empowering the next generation of tech leaders [Q&A]
"CYSummit serves as a platform to help youth explore their interest in technology and obtain opportunities to positively influence their community. Our main goal is to empower young people to determine the future of technology and contribute to constructive change in society," says Ben Chua, President & CEO of Cyber Youth Singapore (#CYS). "The theme for…
Temasek to invest $145M in Indian Mahindra & Mahindra EV unit
Singaporean state investor Temasek will invest INR 1,200 crore ($145.02 million) into Indian automaker Mahindra & Mahindra Ltd's electric vehicle (EV) unit for up to 3 percent stake.
Diners Club Singapore rebrands to DCS Card Centre for transformation
Singapore-based payment firm DCS Card Centre (DCS) has announced Wednesday that it has rebranded from Diners Club Singapore to DCS, which represents a major transformation of the financial institution (FI).
Singapore’s VFlowTech partners Monash University to advance rechargeable batteries
VFlowTech, a Singapore-based provider of sustainable energy storage solutions, has announced its partnership with Monash University as they embark on a project that will advance rechargeable batteries for renewable energy storage.
