FinTech

In the first half of 2025 alone, ASEAN cross-border QR payments surged, reaching 12.9 million transactions, Malaysian Central Bank's governor Abdul Rasheed Ghaffour said Wednesday.

TransferMate, the Ireland-based business to business (B2B) payments infrastructure as a service (IaaS) firm, has on Tuesday announced that it has received approval from the Monetary Authority of Singapore (MAS) to add account issuance, domestic money transfers, and e-money issuance services in Singapore under its Major Payment Institution (MPI) license.

Thunes, a Singapore-based payment firm, announced Tuesday that First Abu Dhabi Bank (FAB), the United Arab Emirates (UAE)’s Global bank, has chosen Thunes as its provider to enable global mobile wallet payouts through its Direct Global Network.

XTransfer, the China-based business to business (B2B) cross-border trade payment platform and Siam Commercial Bank (SCB), Thailand's first indigenous bank, announced Monday the signing of a memorandum of understanding (MoU) to improve cross-border payments.

Payment gateway startup Payrex is teaming up with Billease, the Philippines’ Buy Now, Pay Later (BNPL) platform, to make flexible payment options available to thousands of online and offline merchants through a single API integration.

Coins.ph, the Philippines-based crypto and digital wallet platform, and Best Way Corporation (FinFan), a financial technology company based in Vietnam, have signed a memorandum of understanding (MOU) for a strategic partnership to streamline and expand cross-border remittance and payment flows between the two countries.

XTransfer, a China-based business to business (B2B) cross-border trade payment platform and KBank, a Thailand-based financial institution in the AEC+3 (ASEAN Economic Community plus China, Japan, and South Korea) market, have teamed up to boost cross border solutions in ASEAN.

Vietnam-based information technology (IT) firm FPT has announced a strategic partnership with EmbedIT, a global fintech partner and a member of PPF Group, to accelerate digital transformation in financial services.

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.

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.