FinTech

Ping An Digital Bank has launched receivables-backed financing of up to $5 million for eligible cross-border e-commerce merchants.

XTransfer has secured in-principle approval for a UAE retail payment services license, subject to completing the central bank's pre-issuance conditions.

Pencil Finance says its first $1 million student loan bundle completed an on-chain cycle, with principal and yield returned to funders.

Paydibs has launched a six-month merchant financing service in Malaysia with repayments linked to weekly payment settlements and transaction activity.

Japan's cashless payment platform NETSTARS and Singapore-based imToken, a Web3 wallet provider, will explore collaboration toward the real-world adoption of stablecoin payments.

Malaysia-based hotel technology company ROOMIE has launched an integrated payment gateway that brings regional payment methods into hotel guest journeys.

Simpaisa and Tencent Cloud are assessing a cloud transformation covering compute, Kubernetes, databases, messaging, monitoring and security infrastructure.

Global Financing for Education is launching its Pay It Forward model across ASEAN, providing eligible students with upfront education funding and linking contributions to income after graduation.

BitGo has opened a Singapore office, citing growth in its regional client base and prime-brokerage activity since it received a Monetary Authority of Singapore license in 2024.

A 6,000-consumer survey across nine markets found strong use of AI for travel discovery but much lower interest in autonomous payment decisions, with privacy and control remaining key concerns.