FinTech

India's PhonePe has received in-principle approval from the UAE central bank for two payment licenses, moving it closer to locally regulated operations in its first overseas market.

Philippine lender Security Bank plans to support Apple Pay and Google Pay in the second half of 2027 after completing a core credit-card system upgrade.

Bonbon Mobility, a Vietnamese platform connecting car owners with garages and car-care providers, has raised $500,000 in a pre-seed round led by conglomerate Tasco, with GenAI Fund co-investing.

An Experian study conducted by Forrester Consulting found 83 percent of Singapore respondents trust AI to compare loans, while 82 percent cite manipulation through fake offers or impersonation as a top concern.

Billease Bank has elected former Bangko Sentral ng Pilipinas Deputy Governor Eduardo G. Bobier as an independent director, subject to BSP confirmation, as the lender integrates more banking products into the Billease ecosystem.

Kakao Pay and Kakao Bank have signed an MoU with Fireblocks to explore digital asset infrastructure in South Korea, including stablecoin distribution frameworks and proof-of-concept tests.

LexisNexis Risk Solutions has introduced Emailage Adaptive, an AI-based fraud scoring system designed to recalibrate automatically as transaction data and fraud patterns change.

Singapore-based digital wealth platform Syfe says assets under management have surpassed S$20 billion as it rolls out stock lending, zero-fee US trading and a desktop web platform.

Hong Kong fintech Reap has launched Reap Sentry, a managed fraud and risk service covering card authorization screening, alert investigations, chargebacks and confirmed-fraud reporting.

Indian fintech Moneyview is seeking a valuation of up to about $624 million in an initial public offering scheduled to open September 24 after reducing the size of the planned deal.