FinTech
Singapore and Indonesia deepen collaboration in FinTech and digital financial assets
The Monetary Authority of Singapore (MAS) and the Otoritas Jasa Keuangan (OJK) have renewed their commitment to deepening collaboration in FinTech and strengthening financial cooperation by signing a memorandum of understanding (MOU) on cooperation in financial technology.
Thunes powers WeChat Pay Hong Kong’s expansion in cross-border money transfers
Thunes, a Singapore-based fintech firm, has announced an alliance with WeChat Pay HK, the Hong Kong dollar denominated e-wallet, to power its expansion in cross-border money transfers.
Endowus partners with Avanda Investment Management to broaden access to Singapore equity investment opportunities
Endowus, a Singapore-based independent wealth advisor and investment platform, announced Thursday a partnership with Avanda Investment Management, a global asset management company, to broaden access to Singapore equity investment opportunities.
Airwallex’s ARR hits $1 billion in October
Global fintech firm Airwallex hits a major milestone with its annualized run rate revenue (ARR) crossed $1 billion in October.
Brankas, INFOPRO team up to boost smarter credit with AI, Open Finance APIs in Southeast Asia
Brankas, the Singapore-based Open Finance technology provider, and INFOPRO, a Malaysia-based artificial intelligence (AI)-driven banking solutions company, are joining hands to boost smarter credit and digital transformation across the Southeast Asia’s banking sector.
Thailand and China launch cross-border QR payment linkage
The Bank of Thailand (BOT) has announced the launch of a new initiative, the cross-border QR payment linkage between Thai banks and three Chinese payment service providers (Alipay, UnionPay, and WeChat Pay), on last Thursday.
Singapore’s Nium secures payment institution license from Central Bank of Brazil
Nium, the Singapore-based global infrastructure for real-time cross-border payments, has announced that the Central Bank of Brazil has formally authorized it to operate as a Payment Institution (PI), representing a major milestone in the firm’s continued expansion across Latin America.
Ant International invests in R2 to expand credit access for SMEs in LATAM
Ant International, a Singapore-based global digital payment firm, announced last Thursday a strategic investment in R2, an embedded lending infrastructure company in Latin America (LATAM), to expand access to credit for small and medium-sized enterprises (SMEs) across the region.
Razorpay Curlec and NPCI International join forces to introduce UPI Payments
Razorpay Curlec, the Malaysia-based payment firm, has partnered with NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), to bring India’s Unified Payments Interface (UPI) to Malaysia.
Malaysia’s Maybank facilitates over $950B in digital transactions since 2020
Malayan Banking Berhad (Maybank), Malaysia’s largest financial services group, has on Wednesday reaffirmed its commitment to support the nation’s digital banking adoption, having facilitated more than MYR 4 trillion ($950 billion) in digital transactions in five years, since the launch of its MAE app in 2020.
