FinTech
Malaysia’s AirAsia MOVE monthly active users down 13 percent year on year in second quarter
AirAsia MOVE, the superapp of Malaysia-based Capital A, saw its overall monthly active users (MAU) down by 13 percent year on year to 13.01 million in the second quarter.
Funding Societies has disbursed $64.22M in Islamic financing to MSMEs in Malaysia
Funding Societies, the Singapore-based unified digital finance platform for small and medium sized enterprises (SMEs), has successfully disbursed MYR 300 million ($64.22 million) in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) in Malaysia since launching its comprehensive suite of Islamic products in June 2023.
PayNet launches next-generation cloud skills programme to bridge Malaysia’s digital talent gap in the financial services industry
Malaysian Central Bank-owned Payments Network Malaysia (PayNet) has on Monday launched Program Akar, a new program designed to address the urgent need for digitally skilled workers in Malaysia.
China’s XTransfer gets Singapore approval to provide payment services for SMEs
XTransfer, China-based business to business (B2B) cross-border trade payment platform, announced Tuesday that it has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a major payment institution license (MPI).
Malaysia’s mobile payment firm BigPay expands to Thailand
BigPay, the mobile payments unit of Malaysia-based Capital A, has announced its expansion into Thailand, bringing a financial solution to travellers and residents alike.
Singapore fintech firm PEXX raises $4.5M in seed funding led by TNB Aura
PEXX, a Singapore-based fintech startup specializing in cryptocurrency and blockchain technology, has on Tuesday announced the successful closure of a $4.5 million seed funding.
Asia-Pacific cashless payments projected to reach almost 45 percent of global payment volume by 2030
Asia-Pacific cashless payments projected to reach almost 45% of global payment volume by 2030, S&P Global Market Intelligence said Tuesday.
Singapore’s Partior raises $60M+ in Series B funding round led by Peak XV Partners
Partior, a Singapore-based fintech company, has announced the first close of a $60 million+ Series B round led by Peak XV Partners.
Pelago partners with Primer to deliver payments innovation for the global traveler
Primer, the United Kingdom-based payment firm, and Pelago, the travel experiences arm of Singapore Airlines Group, have forged a partnership allowing Pelago to elevate its payments strategy and meet the payment preferences of travelers worldwide.
Ant International collaborates with BNP Paribas on promoting cross-border payment solutions in Europe
BNP Paribas, the European Union’s leading bank, and Ant International, a Singapore-based digital payment and financial technology firm, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
