FinTech

Singapore-headquartered payment intelligence firm iPiD has raised $16 million in a Series A led by Foundation Capital, with Citi and HSBC participating.

Mynt, the parent of GCash, has secured commitments from more than 20 global and Philippine cornerstone investors for its planned IPO, with final pricing expected October 1.

Luno Malaysia, Halogen Capital, and Kenanga Investors are exploring the use of a fully reserved ringgit-pegged stablecoin as an on-chain settlement instrument for tokenized money-market funds.

Klook and Visa have signed a memorandum covering Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam, combining travel experiences, cardholder offers and creator-led commerce.

Reap and Visa are expanding stablecoin-linked credit card programs to more than 100 markets, covering funding, repayment, settlement, and cross-border business payments.

Al-Futtaim has selected India-headquartered payments technology company Juspay to deploy a common orchestration layer across 50 brands and 12 markets, with the rollout beginning in September 2026.

Philippine payments company PayMongo is targeting revenue at about four times last year's level while expanding beyond transaction fees into subscription and merchant services.

UnionPay says its acceptance network now spans all ten ASEAN countries and more than 38 million QR merchants as it expands cross-border payment links across the region.

India's PhonePe has received in-principle approval from the UAE central bank for two payment licenses, moving it closer to locally regulated operations in its first overseas market.

Philippine lender Security Bank plans to support Apple Pay and Google Pay in the second half of 2027 after completing a core credit-card system upgrade.