FinTech
‘Tis the season to be shopping: Can businesses still capitalize on sales events in APAC?
The world of online #payments is complex. But by avoiding common mistakes and prioritising the right support and market education, merchants can enjoy a prosperous #shopping festival season with supercharged conversion rates and record breaking sales.
MAS bars DBS Bank from acquiring new business ventures for six months after prolonged disruption
The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd’s (DBS Bank) non-essential information technology (IT) changes to ensure that the bank keeps sharp focus on restoring the resilience of its digital banking services.
Funding Societies raises $7.5M in debt from Norfund
Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.
MoMo integrates payment solution into the Grab app
MoMo, Vietnam’s fintech unicorn, and Grab Vietnam have on Wednesday announced the integration of MoMo’s payment solution into the Grab app. This partnership aims to provide users with a secure and hasslefree cashless payment experience. Also, it allows the two brands to become more integrated in the everyday life of local consumers.
Malaysia’s Vircle receives venture capital injection from Kumpulan Modal Perdana, Gobi Partners
Vircle, a Malaysian neobanking service provider, has successfully secured venture capital (VC) funding for its seed round from co-lead investors Kumpulan Modal Perdana (KMP), a government-owned tech-focused VC, and Gobi Partners (Gobi), an Asia-focused VC firm.
Fusang Exchange tokenizes and lists digital sukuk backed by IILM
Fusang Exchange, a Malaysia-based digital stock exchange operator, has on Monday announced the successful tokenization and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM).
Indonesia’s GoTo reports significant drop in third quarter losses
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, on Monday announced that the firm has reported significant drop in third quarter losses, driven by improved monetization and disciplined management of operating expenses. The firm reported adjusted losses before interest, taxes, depreciation and amortization 942 billion rupiah…
Singapore’s Triple-A raises $10M Series A funding from Peak XV and Shorooq Partners
Singapore-based digital currency payment institution Triple-A has announced their $10 million Series A funding round on Wednesday. Leading the round are repeat investors Peak XV Partners (formerly known as Sequoia India & South East Asia), along with the strategic backing of Shorooq Partners, one of Middle East and North Africa (MENA)’s leading…
Malaysia’s Hextar Technologies ventures into FinTech with the launch of mobile super app
Malaysia-listed logistics, building materials and technology firm Hextar Technologies Solutions Berhad (HexTech) is venturing into fintech with the introduction of MoneyX, a one-stop fintech mobile super-app.
Southeast Asia leads in digital economy growth at 15.8 percent for the next five years: report
Southeast Asia (SEA) is racing ahead among the region in digital economy, according to the latest report conducted by market intelligence firm IDC and commissioned by global payments platform 2C2P and Ant Group. According to the report, SEA leads in digital economy growth at 15.8 percent for the next five years, outpacing the United States (9.4 percent) and…
