FinTech
Airwallex rolls out more global payments services in Singapore with virtual business cards and card expenses launch
After officially entering the Singapore market in January, global fintech firm Airwallex continues to progressively roll out key offerings in its global payments suite with Tuesday’s launch of its Airwallex Borderless Card and integrated expense management solution.
Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report
When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".
Malaysia has no plans for more digital banking licenses – report
In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.
Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license
KAF Investment Bank-led consortium was among the low-profile bidders for the digital banking licenses. Besides Carsome, the KAF Investment Bank-led consortium also includes two other FinTech firms, Jirnexu and MoneyMatch.
Australian FinTech firm Peppermint gets e-wallet license in the Philippines
Peppermint Innovation Ltd (Peppermint), an Australia-based FinTech firm, announced Wednesday the company has been granted a license to operate as an electronic money issuer (EMI) by the Central Bank of the Philippines Bangko Sentral ng Pilipinas (BSP). The EMI license authorises the company to deliver e-wallet services through its bizmoto mobile app…
Singapore’s Resolution Ventures announces first close of $20M Southeast Asia FinTech fund
Resolution Ventures, a Singapore-based venture capital firm, announced Wednesday the first close of its $20 million Southeast Asia-focused Fintech fund, Resolution Fintech Fund I. With its inaugural fund, Resolution Ventures is committed to backing the most promising founders in Southeast Asian Fintech, building solutions that have local, regional, and…
Grab-led digibank consortium to focus on local micro-SMEs, gig economy workers
Grab Holdings Limited said Friday that the digital bank consortium comprising GXS Bank Pte. Ltd., its digital bank joint venture with Singapore Telecommunications Limited (Singtel), and Malaysian investors including Kuok Brothers Sdn. Bhd, is expected to enable local micro-small and medium enterprises (SMEs) and other financially underserved segments such…
Vietnam’s Trusting Social raises $65M Series C round from Sherpa
Vietnamese FinTech firm Trusting Social announced Thursday an investment of $65 million in the group from The Sherpa Company Limited (Sherpa), a subsidiary of Masan Group Corporation, for the initial close of its Series C round. It also announced a strategic collaboration between Trusting Social and Masan intends to develop an artificial intelligence…
