FinTech
DBS enables remittances to Weixin Pay wallets in China via digibank
Singapore's DBS Bank has enabled customers in Singapore to transfer funds directly to Weixin Pay digital RMB wallets in China through its DBS Remit service, expanding cross-border payment options amid growing travel and financial flows between the two countries.
Payoneer’s SVP of APAC Nagesh Devata on the infrastructure challenge behind Asia-Pacific’s e-commerce growth [Q&A]
As Asia-Pacific’s ecommerce economy becomes more regional and borderless, businesses are facing growing complexity across payments, currencies, settlement, compliance, and reconciliation. In this Q&A, Payoneer’s Nagesh Devata discusses why financial infrastructure is becoming more strategic for SMEs and how AI could reshape cross-border operations.
Moomoo Singapore announces Jeyson Ng as Chief Executive Officer
Fintech firm Moomoo Singapore has on Friday announced the official appointment of Jeyson Ng as Chief Executive Officer.
AXS, NTT DATA Japan team up to streamline cross border bill payments across East and Southeast Asia
AXS Pte Ltd, a Singapore-based payment solutions provider and NTT DATA Japan, a Japan-based artificial intelligence (AI), digital business and technology services firm, have entered into a memorandum of understanding (MOU) to explore the development of secure and seamless cross‑border bill payment services.
GIC-backed Ramp raises $750M Series F at $44B valuation
Fintech firm Ramp has on Thursday announced a $750 million primary financing round led by ICONIQ, GIC, and Ontario Teachers' Pension Plan, valuing the company at $44 billion.
Kyrgyzstan’s national payment operator, Alipay+ to jointly launch cross-border QR payments
Kyrgyzstan's Interbank Processing Center has partnered with Alipay+, the wallet gateway under Singapore-headquartered Ant International, to launch international QR payment services for users of the ELCARD Mobile app, with the support of the National Bank of the Kyrgyz Republic.
FOMO Pay to launch DuitNow QR acceptance in Singapore
FOMO Pay, a Singapore-headquartered payment firm, will launch DuitNow QR acceptance in Singapore, enabling Malaysian travelers and visitors to make payments using familiar banking and payment applications while merchants receive settlement in Singapore Dollars (SGD).
UnionPay International, Singapore Tourism Board renew payment partnership
UnionPay International (UPI) and the Singapore Tourism Board (STB) have renewed their strategic partnership to jointly promote Singapore tourism and enhance payment experiences for international travelers through integrated marketing campaigns, merchant collaborations, and cross-border payment initiatives.
KBank, Ant International team up on cross-border payments, liquidity management in Thailand
KASIKORNBANK (KBank) and Ant International have formed a strategic collaboration to jointly develop an integrated financial infrastructure for cross-border payments, liquidity management in Thailand.
CIMB, China Merchants Bank tie up to scale cross-border investment and trade across China-Malaysia-ASEAN
Malaysia-based lender CIMB Bank Berhad has recently signed a letter of intent (LOI) with China Merchants Bank Co., to establish a comprehensive framework that will leverage the strengths of both banks for a wide range of cross-border client solutions.
