FinTech

Kyrgyzstan's Interbank Processing Center has partnered with Alipay+, the wallet gateway under Singapore-headquartered Ant International, to launch international QR payment services for users of the ELCARD Mobile app, with the support of the National Bank of the Kyrgyz Republic.

FOMO Pay, a Singapore-headquartered payment firm, will launch DuitNow QR acceptance in Singapore, enabling Malaysian travelers and visitors to make payments using familiar banking and payment applications while merchants receive settlement in Singapore Dollars (SGD).

UnionPay International (UPI) and the Singapore Tourism Board (STB) have renewed their strategic partnership to jointly promote Singapore tourism and enhance payment experiences for international travelers through integrated marketing campaigns, merchant collaborations, and cross-border payment initiatives.

KASIKORNBANK (KBank) and Ant International have formed a strategic collaboration to jointly develop an integrated financial infrastructure for cross-border payments, liquidity management in Thailand.

Malaysia-based lender CIMB Bank Berhad has recently signed a letter of intent (LOI) with China Merchants Bank Co., to establish a comprehensive framework that will leverage the strengths of both banks for a wide range of cross-border client solutions.

Vietnam Airlines has signed a partnership with 2C2P by Antom, a payments platform under Ant International, to extend localized payment options for customers across eight markets in Asia Pacific, announced during the Vietnam–Singapore Tech Connect Forum.

Coda Payments Pte. Ltd., the Singapore entity of digital content monetization and distribution company Coda, was licensed by the Monetary Authority of Singapore to conduct cross-border money transfers, following receipt of a Major Payment Institution license.

Hong Kong-based Animoca Brands has made a $1 million co-investment in Superior.Trade, a protocol layer for AI-driven trading, marking the first investment under the company's recently launched Minds Investment Programme.

China’s online and mobile payment platform Alipay, under Chinese giant Ant International's, has launched its cross-border mobile payment services for global travelers in Latin America through a partnership with PVS, a fintech company specializing in customized payment solutions in the region.

Vietnam plans to recognize digital assets and virtual assets as valid loan collaterals for small and medium-sized enterprises (SMEs), under a draft amendment to the law on support for SMEs.