FinTech

2C2P, a Thailand-based payments platform, has announced a partnership with Cambodian financial solutions provider AMK Microfinance Institution (AMK), to expand the easy2send international remittance service between Thailand and Cambodia.

Bukalapak's fintech joint venture firm BMoney has launched stocks trading feature and special programs for the premium user segment "BMoney Privilege" in collaboration with securities company CGS-CIMB Sekuritas Indonesia.

Jenfi, a Singapore-based fintech firm has raised $6.6 million in a successful Pre-Series B fundraising round led by Headline Asia.

Wibmo, a subsidiary of PayU, has partnered with MobilityOne, a Malaysia-based payment firm, to support the issuance of Mastercard prepaid cards through its prepaid platform Wibmo Hexa. The duo are set to foray into the Malaysian prepaid card market and offer various prepaid programs catering to consumer, corporate, government and the health sector.

Global payment firm Mastercard has on Tuesday opened its new office and launch of its data and services (D&S) hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.

Stripe, a United States-based financial infrastructure platform for businesses, has on Monday announced a partnership with messaging service WhatsApp, that allows Singapore businesses to accept payments directly in WhatsApp chats.

Japanese bank Sumitomo Mitsui Banking Corporation (SMBC) has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” (CVC) with Tokyo-based venture capital firm Incubate Fund (IF) in the Singapore for the purpose of accelerating business development and partnerships through investments in high potential Asian start-ups.

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have on Monday announced the commercial launch of the Indonesia-Malaysia cross-border QR payment linkage. The commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on January 27, 2022.

The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, following the widespread unavailability of DBS Bank’s digital banking services on March 29 and a subsequent disruption to its digital banking and automated teller machine (ATM) services on May 5.

Advance Intelligence Group, a Singapore-based artificial intelligence (AI)-driven technology company, has on Wednesday announced it has raised $80 million from an investor consortium led by existing investors Warburg Pincus and Northstar Group.