Singapore

Western Union and TenPay Global, Tencent's cross-border payment platform, have on last Thursday announced the launch of a wide-ranging strategic partnership to drive innovation with a customer-first mindset, bringing together the physical and digital worlds together in a true omni-channel remittance experience.

Factoring in Sea Limited's third quarter results, Maybank Investment Bank has raised the Singapore tech giant’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 2 percent to 3 percent for FY25 to FY27.

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.

FinFan, a Vietnam-based fintech firm, and DT One, a Singapore-based digital value exchange, have announced a strategic partnership to strengthen Vietnam’s digital services ecosystem.

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.

HSBC and Google Cloud released last Thursday its Digital Frontiers 2030 report, which finds that Southeast Asia’s digital economy could reach $1 trillion by 2030, with potential to double to $2 trillion as regional integration and real-time payments accelerate adoption.

Singapore lender DBS and payment firm Ant International have agreed to deepen their existing strategic collaboration to jointly explore innovative payments, digitization and fintech solutions aimed at providing more inclusive services for regional businesses of all sizes and individual consumers.

The Monetary Authority of Singapore (MAS) and the Deutsche Bundesbank have on last Thursday signed a memorandum of understanding (MoU) regarding collaboration on cross-border digital asset settlement.

WeRide, a China-based autonomous driving technology, and Grab, Southeast Asia’s superapp, announced last Friday that Singapore’s Land Transport Authority (LTA) has granted them approval to conduct autonomous vehicle (AV) testing with the entire Ai.R fleet within the Punggol district.

Singapore and Cambodia have officially launched the cross border QR code payment between the two countries.