FinTech

Flip, an Indonesia-based consumer payments platform, announced Tuesday a second close of a Series B funding round led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.

Jenfi, a Singapore-based fintech startup, said Thursday it is expanding its business to Indonesia. The expansion follows its recent series A funding in 2021 and also includes Vietnam.

The CSRC, however, also said that it "supports qualified platform companies to list within China and overseas".

ComfortDelGro Taxi and Alipay+ announced Wednesday a partnership that enables mobile payments from Malaysia and South Korea, namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis. Users of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to…

Razer Fintech’s acquisition of E2Pay expands the organization’s digital payment solutions into Indonesia, one of the region’s fastest-growing digital economies in the world.

Private market exchange ADDX has become the first financial institution in Singapore to recognise cryptocurrency assets for the purpose of onboarding accredited investors.

PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Friday that it has expanded its ‘Three Zeros’ commitments (Zero Emissions, Zero Waste, Zero Barriers) across its ecosystem, forming a consolidated approach and strategy for the company, united behind common sustainability goals.

The Philippine Dealing System Holdings Corp. (‘PDS Group’) announced on Thursday the launch of a fully digitally native bond, issued on a distributed ledger technology (‘DLT’) network powered by Hashstacs Pte Ltd (‘STACS’), a Singapore-headquartered FinTech firm. The digital bond was issued by the Union Bank of the Philippines (‘UnionBank’) for PHP 11.00…

Simon-Kucher said Thursday that it estimates there are currently close to 400 neobanks around the world, together serving nearly one billion client accounts. However, despite their lofty valuations, it found that only five percent of these challenger banks have managed to reach a breakeven point.