FinTech
Alipay+ partners ComfortDelGro for foreign mobile payments in Singapore
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 acquires Indonesian digital payment firm E2Pay
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.
ADDX is first Singapore financial institution to recognize crypto assets of accredited investors
Private market exchange ADDX has become the first financial institution in Singapore to recognise cryptocurrency assets for the purpose of onboarding accredited investors.
Indonesia’s GoTo expands its sustainability commitments
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.
PDS Group launches first fully-digital DLT-based digital bond
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…
Most digital banks are not profitable, Simon-Kucher study shows
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.
Singapore FinTech firm HitPay raises $15.75M Series A funding led by Tiger Global
HitPay, a Singapore-based one-stop payments platform for small and medium-sized businesses, announced Tuesday its $15.75 million Series A funding round led by Tiger Global and joined by returning investors Global Founders Capital and HOF Capital.The funding will enable HitPay to continue building the best payment gateway for small businesses and support…
United Kingdom’s Unlimint partners China’s Alipay+ to expand global online payment
Unlimint, the United Kingdom-based fintech company, announced Wednesday that it has partnered together with the Ant Group's Alipay+ to further expand its global online payment portfolio. This partnership will further strengthen Unlimint's global offering and open up new opportunities for eCommerce and online businesses worldwide, enabling them better reach…
GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53 percent year on year to Rp5.2 trillion ($357.38 million), representing an improvement in take rate from 3.5 percent to 3.7 percent due to better monetization in e-commerce and…
