Singapore
Grab’s revenue grows 17 percent year-on-year in second quarter
Singapore-based superapp Grab announced Thursday that its revenue grew 17 percent year-over-year to $664 million in the second quarter of 2024, driven by revenue growth across all segments.
Singapore’s Amilo acquires Thailand’s Sivadon Logistics to accelerate growth
Amilo, a Singapore-based logistics firm, has on Thursday announced its acquisition of Sivadon Logistics in Thailand to accelerate growth.
Singapore’s DCS Innov acquires wallet-as-a-service platform HolyWally
Singapore-based DCS Innov, a subsidiary of DCS Fintech Holdings, has on Thursday announced the acquisition of HolyWally, wallet-as-a-service (WaaS) platform. This strategic move marks a significant milestone in DCS Innov’s global expansion plans, particularly into the United States and European markets,.
Maxis partners Singtel to accelerate enterprise digital transformation with Malaysia’s first 5G orchestration platform
Malaysian telecommunications firm Maxis has partnered with Singapore Telecommunications (Singtel) to introduce Malaysia's first all-in-one platform for 5G network, edge computing, cloud and services orchestration, built on Singtel’s Paragon for telco networks.
Xero Research: Digital payment trends exploding in Singapore with Gen Z leading shift
New research by global small business platform Xero revealed Thursday that Singapore’s younger generations of consumers are leading the shift to digital payments while more than half of small businesses in the country do not currently provide cash payment options.
Crypto.com and UEFA announce UEFA Champions League Partnership
Singapore-based cryptocurrency exchange company Crypto.com and the Union of European Football Associations (UEFA) announced Wednesday that Crypto.com will be the first and exclusive global cryptocurrency platform partner of the UEFA Champions League.
MAS collaborates with banks and technology partners on quantum security
The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral have on Wednesday signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) in financial services.
HKMA and Cyberport jointly launch “GenAI Sandbox”
The Hong Kong Monetary Authority (HKMA) has on Tuesday announced the launch of “Generative Artificial Intelligence Sandbox” (GenAI Sandbox) in collaboration with digital community Cyberport, aiming at promoting digital transformation and innovation in the financial industry and establishing risk management mechanisms.
Singapore’s Chocolate Finance launches spare cash management account
Singapore fintech firm Chocolate Finance announced Wednesday the launch of its spare cash management account. The firm redefines cash management with an enticing 4.2 percent per annum return on the first S$20,000 ($15,178) and a target of 3.5 percent per annum on subsequent amounts.
Syfe raises $27M in new funding round, announces profitability in Singapore
Syfe, a Singapore-based saving and investment platform, has on Wednesday announced that it has closed a $27 million funding round, increasing its valuation and bringing total funds raised to $79 million.
