FinTech

Ample Transfers, a Singapore-based provider of remittance and money-changing services, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to expand its scope of regulated payment services.

GXS Bank announced Monday that it has received regulatory approval to acquire Validus Capital Pte Ltd, the Singapore subsidiary of Validus Investment Holdings Pte Ltd (Validus Group).

Carsome, Southeast Asia’s largest integrated car e-commerce platform, and JACCS, a Japanese consumer finance company under the Mitsubishi UFJ Financial Group (MUFG), have officially cemented their strategic partnership to accelerate accessible auto financing in Malaysia.

The National Bank of Cambodia (NBC), the central bank of Cambodia, has officially joined the Regional Payment Connectivity (RPC) initiative, further strengthening regional financial integration in Southeast Asia.

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Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) have on Thursday signed a memorandum of understanding (MoU) to strengthen joint efforts in cybersecurity and digital fraud protection.

The Southeast Asia (SEA) FinTech startup ecosystem witnessed a total of $193 million in funding, which marks a 66 percent drop compared to the $584 million raised in the first quarter of 2024 and a 30 percent decline from the $274 million raised in the fourth quarter of 2024, Tracxn said Thursday.

Airwallex, the global payments and financial platform, has on Wednesday reported strong FY2024 performance in Singapore.

Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have on Tuesday launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia.