FinTech

Paywatch, a Malaysian financial-technology company that lets employees draw wages they have already earned before payday, has partnered with IMU Healthcare to launch MediPay, a feature allowing workers to pay for medical and wellness services using those earned wages.

MicroLEAP, a Malaysian peer-to-peer (P2P) financing platform, has signed a memorandum of understanding (MOU) with Provident Banc Berhad to explore initiatives aimed at strengthening responsible financing practices, broadening access to alternative financing and supporting the long-term financial resilience of Malaysian small and medium enterprises (SMEs).

Bank of China (Hong Kong), or BOCHK, and Singapore-based Ant International will jointly develop cross-border payments, treasury management, and financial services for small and medium-sized enterprises (SME).

TenPay Global, Tencent's cross-border payment platform, and ShopeePay, the digital payment arm of Singapore's Sea Ltd and associated with the e-commerce platform Shopee, have jointly launched a cross-border payment service connecting Southeast Asian users with merchants in China.

Barclays, Citi, Deutsche Bank, and Standard Chartered have integrated the Falcon Time-Series Transformer (TST), a forecasting AI model built by Singapore-based Ant International, into their foreign-exchange systems.

GoTyme Bank has enabled Apple Pay for its customers in the Philippines, becoming the first digital bank in the country to offer the service, its card processor Paymentology said in a statement on Tuesday.

Thunes, the Singapore-based payment firm, and Fiserv, a US payments and financial services technology provider, announced Monday a strategic collaboration for real-time global payouts.

Sarawak Metro Sdn Bhd, the state-owned enterprise which had been appointed to develop, operate and maintain the Kuching Urban Transportation System (KUTS) project, announced Monday a collaboration with Revenue Group Berhad, one of Malaysian payment solutions providers, to power its mobile application with advanced payment tokenization technology.

Rezolv, an Indian software company that utilizes AI to automate debt collection for lenders, has raised $12.5 million in a Series A funding round led by U.S. venture firm Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.

Vietnamese technology company PILA and Singapore-listed TOTM Technologies will jointly develop cross-border digital trust infrastructure for ASEAN, starting with a system to verify letters of credit between banks in the two countries.