FinTech

TerraPay, a Netherland-based cross-border payments network, has announced a strategic partnership with Qatar-based fintech firm Alfardan Exchange, to advance digital cross-border remittance solutions.

Currencycloud, a United Kingdom-based Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to provide a full suite of intra-regional and…

Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.

GS1 Philippines, the organization on local barcode standards, has officially launched GS1 Activate, a web-based service aimed at simplifying barcode generation and symbol creation for businesses, revolutionizing the retail supply chain through digitalization.

Philippine consumer finance company Digido is has announced a significant milestone, having served over one million Filipinos through its safe, reliable and inclusive digital lending services.

Malaysia-based MOVE Digital, digital arm of Capital-A which is formerly known as airasia Superapp, has achieved annual revenue of MYR 689 million ($145 million), marking a 72 percent year on year increase.

Hopper Technology Solutions (HTS) and AirAsia MOVE (formerly airasia Superapp) have announced partnership to integrate fintech ancillaries from HTS into AirAsia MOVE’s digital channels.

Nium, a real-time cross-border payments firm based in the United States and Singapore, announced Wednesday that it has become the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

Home Credit Vietnam Finance Company Limited (Home Credit Vietnam), the consumer finance business of Home Credit N.V. (Home Credit Group), for approximately VND 20,973 billion ($864 million).

UnaFinancial said Wednesday that the number of fintech companies per one million people in Southeast Asia may double by 2027, reaching 100. This is supported by the growing super-platform economy, conducive regulatory frameworks and favorable economic conditions.