FinTech

The adoption rate of financial technology in the Philippines among the population aged 15 years old and over through mobile apps may increase to 72.2 percent or 59.3 million users by the end of 2023, according to a new report from consumer credit service Digido.

Malaysian lender Bank Simpanan Nasional (BSN) has announced its strategic partnership with American multinational financial services corporation Visa to kick-start a collaboration focusing on enabling e-Commerce for micro, small-and-medium enterprises (MSMEs).

Indonesian lender PT Super Bank Indonesia (Superbank) has partnered microfinance technology platform PT Amartha Mikro Fintek (Amartha) to offer working capital loans to women micro-entrepreneurs in Indonesia.

Malaysia-based fintech-as-a-service provider Soft Space, Japan-based international payment brand JCB's international operations subsidiary JCB International (JCBI), and Malaysian lender Hong Leong Bank (HLB) have joined forces to actively drive JCB Card acceptance in Malaysia, bolstered by strong post pandemic economy recovery prospects.

Singapore-based digital financing platform Funding Societies has partnered with CGC Digital, the FinTech subsidiary of Credit Guarantee Corporation Malaysia Berhad (CGC), to support micro, small and medium Eenterprises (MSMEs) via digital supply chain financing guarantee.

Singapore-based payment firm DCS Card Centre (DCS) has announced Wednesday that it has rebranded from Diners Club Singapore to DCS, which represents a major transformation of the financial institution (FI).

Validus, a Singapore-based small and medium-sized enterprise (SME) business account and financing platform, has on Monday announced the appointment of Vineet Agarwal as the Chief Executive Officer (CEO) of Validus Capital in Singapore, effective August 1, 2023.

Hong Kong-based luxury products travel retailer DFS Group and Chinese conglomerate Alibaba Group affiliate Ant Group have announced a global strategic cooperation to enhance payments and marketing digitalization across DFS’ network of retail and online stores.

Standard Chartered and Ant Group have entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute to tackling global issues such as climate change and ocean protection.

Malaysia-based multinational low-cost airline Capital A is entering into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, involving three key subsidiaries, namely AirAsia, airasia Superapp, and BigPay.