FinTech

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.

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.