FinTech

Orchestration is a hot topic across the payments industry in the US and Europe - but in APAC, it’s still a relatively new concept.

TrueMoney, a fintech subsidiary of Thailand-based Ascend Money, has launched in Malaysia via partnership with Lotus’s Stores Malaysia Sdn Bhd (Lotus’s Malaysia) on Thursday.

Indonesia-based fintech company Xendit has officially entered the Malaysian market offering up its diverse range of hyperlocal payment solutions to businesses in the country from small and medium sized enterprises (SMEs) and start-ups to giant corporations alike.

Fave, Malaysia-based smart payments app, has on Wednesday announced its partnership with TNG Digital Sdn Bhd owner and operator of Touch ‘n Go eWallet, and the launch of the Fave loyalty programme within Touch ‘n Go eWallet.

Grab Company Ltd. (Grab Vietnam) and ZaloPay E-wallet have on Monday officially announced their collaboration to launch ZaloPay on the Grab app. Payment via ZaloPay is now available for almost all Grab app services, including transport, food and grocery, and parcel delivery.

Chintai, a Singapore-based blockchain platform-as-a-service (BPaaS) company, has signed a memorandum of understanding (MoU) with Passion Venture Capital (PVC) to forge closer collaboration between traditional finance and adoption of security tokens.

Akulaku, an Indonesia-based banking and digital finance platform, announced Monday a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG).

Malaysia-listed conglomerate Berjaya Corporation Berhad (BCorp) and Indonesian conglomerate MNC Group arm PT MNC Kapital Indonesia TBK (BCAP) have signed a preliminary nonbinding term sheet to enable both parƟes to explore e-money business in Malaysia.

Singapore-based fintech firms UNO Digital Bank and Trusting Social have on Monday announced a strategic partnership to unlock access to consumer lending for Filipino consumers across wide sections of society.

Payoneer, the United States-listed payments firm, has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS). The license, once received, will allow Payoneer to offer additional payments services.