FinTech

Thunes inks strategic partnership with LianLian Global for new payment service

Thunes, the Singapore-based payment firm, has on Wednesday welcomed LianLian Global, a Chinese e-commerce cross-border payment service provider, to the Thunes Global Network.

Fave Singapore secures in-principle approval for MPI license from MAS

Fave Singapore, part of the fintech firm Pine Labs group, has on Wednesday announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) license to offer account issuance, merchant acquisition, and domestic money transfer services.

HSBC partners Visa to develop Zing international money app

Global payment firm Visa and banker HSBC have on Tuesday announced the technological collaboration in support of HSBC Group’s new international payments app, Zing.

Validus appoints Chong Khai Siang as group Chief Financial Officer

Validus, a Singapore-based one-stop small and medium-sized enterprise (SME) financing platform, has on Monday announced the appointment of Chong Khai Siang as group Chief Financial Officer (CFO) of Validus.

FREENOW integrates Alipay+ to enable Asian e-wallets acceptance in seven European countries

FREENOW, an European taxi app, has integrated Alipay+ cross-border mobile payment solutions with its taxi cab services in seven European countries: Spain, Germany, Ireland, Italy, France, Greece and Austria.

Tracxn : SEA FinTech startups funding drops 25 percent in first half

Total funding into Southeast Asia (SEA) FinTech startups fell 25 percent to $899 million in the first half of 2024 from $1.2 billion a year ago, Tracxn said Friday.

Ant Group, Mastercard, partners to extend International Consumer Friendly Zones program to facilitate inbound travel to China

Chinese fintech player Ant Group and American payment firm Mastercard, along with 12 overseas payment partners of Alipay+ and other major international card organizations, have extended the International Consumer Friendly Zones program to facilitate inbound travel to China.

MAS expands industry collaboration to scale asset tokenization for financial services

The Monetary Authority of Singapore (MAS) announced the expansion of initiatives to scale asset tokenization for financial services. This includes partnering with global industry associations and financial institutions to drive common asset tokenization standards in fixed income, foreign exchange (FX) and asset and wealth management.

Singapore’s Heymax.ai raises $2.6M in seed funding round led by January Capital

Singapore-founded loyalty platform Heymax.ai has on Tuesday announced it has raised $2.6 million in seed funding, led by January Capital. The round also saw participation from Tenity, Ascend Angels, XA Network and other strategic investors.

India, Malaysia & 3 other Asean countries plan instant retail cross-border payments

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.