FinTech

TenPay Global, Tencent's cross-border payment platform, and ShopeePay, the digital payment arm of Singapore's Sea Ltd and associated with the e-commerce platform Shopee, have jointly launched a cross-border payment service connecting Southeast Asian users with merchants in China.

Barclays, Citi, Deutsche Bank, and Standard Chartered have integrated the Falcon Time-Series Transformer (TST), a forecasting AI model built by Singapore-based Ant International, into their foreign-exchange systems.

GoTyme Bank has enabled Apple Pay for its customers in the Philippines, becoming the first digital bank in the country to offer the service, its card processor Paymentology said in a statement on Tuesday.

Thunes, the Singapore-based payment firm, and Fiserv, a US payments and financial services technology provider, announced Monday a strategic collaboration for real-time global payouts.

Sarawak Metro Sdn Bhd, the state-owned enterprise which had been appointed to develop, operate and maintain the Kuching Urban Transportation System (KUTS) project, announced Monday a collaboration with Revenue Group Berhad, one of Malaysian payment solutions providers, to power its mobile application with advanced payment tokenization technology.

Rezolv, an Indian software company that utilizes AI to automate debt collection for lenders, has raised $12.5 million in a Series A funding round led by U.S. venture firm Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.

Vietnamese technology company PILA and Singapore-listed TOTM Technologies will jointly develop cross-border digital trust infrastructure for ASEAN, starting with a system to verify letters of credit between banks in the two countries.

Thunes, the Singapore-based payment firm, announced Thursday the expansion of its stablecoin liquidity management capabilities with the launch of EURC prefunding.

As many as 85 percent of affluent and high-net-worth investors in Malaysia use AI tools for finance and investment, ranking the country third among ten markets surveyed, according to HSBC.

Bettr, the embedded finance platform under Singapore's Ant International, has partnered with Muslim Pro, an Islamic lifestyle app with more than 190 million downloads across more than 190 markets, to launch an Umrah financing solution in Malaysia for eligible Muslim users planning the pilgrimage.