FinTech

Hong Kong fintech PhotonPay has raised $40 million in a Series C led by Blockchain Capital to expand stablecoin, payment and card infrastructure.

China's Internet technology giant Tencent and American multinational payment company Visa have signed a memorandum of understanding to explore broader collaboration on payments and commerce across Tencent’s ecosystem.

Tokenized money is increasingly becoming a mainstream tool for large corporations to move value instantly round-the-clock, with greater control across a wider network of markets, a survey showed on Wednesday. 

The Singapore Payments Network (SPaN), a not-for-profit entity set up by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) to administer and govern Singapore’s national payment schemes, has appointed its Chief Executive Officer (CEO) and Board of Directors.

Ant International CEO Peng Yang has called for a new, inclusive "re-globalization" project that harnesses AI and digital connectivity to give small and medium-sized enterprises (SMEs) greater access to global markets and opportunities.

Cashku, a Malaysian AI-native digital wealth platform, has signed a distribution agreement with KAF Investment Funds Berhad to bring a selected range of the fund house's funds onto its platform.

Choco Up, a Singapore-based financing platform for small and medium-sized enterprises in Asia, has appointed John Lim as senior advisor.

Wealthsimple, a Canadian financial services company, has agreed to an equity round of up to C$425 million ($302 million) at a post-money valuation of C$13.8 billion.

Phil Pomford discusses payment choices for Asian travelers, Centara integration, checkout metrics and authorization safeguards for AI agents.

Singapore-based Libeara has agreed to acquire Zodia Markets' regulated Jersey dealer, subject to regulatory approval and undisclosed terms.