Vertical

Thunes, the Singapore-based payment firm, has on Wednesday welcomed LianLian Global, a Chinese e-commerce cross-border payment service provider, to the Thunes Global Network.

Fave Singapore, part of the fintech firm Pine Labs group, has on Wednesday announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license to offer account issuance, merchant acquisition, and domestic money transfer services.

Malaysian Central Bank has on Wednesday issued the policy document on licensing and regulatory framework for digital insurers and Takaful operators (DITOs).

The Hex Trust Group, a Hong Kong-based provider of digital asset solutions, has partnered Monad Labs, a global developer-forward smart contract platform, to offer custody support for the Monad Blockchain.

Australian blockchain financial company DigitalX Limited said Tuesday that it will launch spot Bitcoin exchange-traded fund on the Australian Securities Exchange (ASX).

Temasek-backed global investment firm 65 Equity Partners has made an investment of SGD 100 million ($74.06 million) in Singapore-headquartered regional advanced manufacturing service provider Hi-P International Pte. Ltd. (Hi-P).

Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.

Global payment firm Visa and banker HSBC have on Tuesday announced the technological collaboration in support of HSBC Group’s new international payments app, Zing.

Global logistics firm DHL Express has signed an agreement with Malaysian lender CIMB Group Holdings Berhad to welcome the banking group onboard its GoGreen Plus program. The partnership enables CIMB to leverage the use of sustainable aviation fuel (SAF) to mitigate the carbon dioxide equivalent (CO2e)emissions associated with its international shipments.

Vietnam’s electric vehicle (EV) manufacturer VinFast has officially entered Indonesia earlier this year, setting up a new dealership in the Jakarta suburb of Depok and announcing it will soon invest $1.2 billion to build a local assembly plant with a capacity of 50,000 cars per year.