Financial Technology

Chart of the Week: Half of SEA internet users will use digital financial services by 2025
3 Nov 20
India, Thailand, Philippines, and Indonesia are expected to lead.
Myanmar's Cashless Future Hinges on Digital Security
3 Nov 20
Chong Ho Yoon, Head of KBZPay and Unsecured Consumer Lending for KBZ Bank.
Kenanga Bank buys 4.99% equity interest in Merchantrade Asia
29 Oct 20
Merchantrade is Malaysia’s largest money services operator, with over 1,700 touchpoints.
Singapore SMEs consider switch to digital banks: Visa survey
28 Oct 20
Dissatisfaction on traditional corporate banking products is one reason.
Chart of the Week: Mobile wallets displace cash and cards in India
27 Oct 20
An estimated 23.5 billion mobile wallet transactions are expected to occur in 2020.
Ant Group to close $17.2b Hong Kong IPO a day early: report
27 Oct 20
It’s $34.4b dual listing clinches the record for the world’s largest stock market debut.
Rapyd floats services in South Korea
27 Oct 20
Local businesses will have access to the fintech's global network.
Philippine neobanks to have 51.4 million potential clients by 2025: study
23 Oct 20
They could hit up to 10 million deposit accounts by this year.
LINE launches social banking platform in Thailand
20 Oct 20
Customers can use it to transfer money, apply for loans, and pay through the LINE app.
Mastercard expands B2B payments scheme to Asia Pacific
16 Oct 20
It will help businesses manage cashflow.
How Spenmo helps businesses secure direct loans
16 Oct 20
The platform also allows merchants to effectively manage expenses.
Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra
14 Oct 20
And Credit Suisse hires former Bank of America investment banking head.
Bank of Korea plans test-run circulation of digital currency in 2021
12 Oct 20
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
Contactless payments shift to overdrive as APAC locks down
10 Oct 20
Individuals and businesses scramble to adapt, but pitfalls remain.
Weekly Global News Wrap: Money transmitters, crypto firms gain from new US rules; Credit Suisse to launch digital app
16 Sep 20
And Danske Bank admits it has known about erroneous debt for years.
Azimo partners with Alipay to offer instant money transfer to China
11 Sep 20
Customers can now send money directly to a bank account linked to the recipient’s Alipay ID.
Mastercard leads alliance for wholesale, retail digital supply chain
8 Sep 20
This will increase digital data available to assess creditworthiness.
Alternative payments reign supreme in Indian e-commerce market
8 Sep 20
Share in transactions hit 54% this year.
GoBear lays off 22 employees across four countries
2 Sep 20
A bulk of them were from its Vietnam office.
Tokyo government unveils free consultation services for foreign financial firms
1 Sep 20
Asset management and fintechs with no registered office in Japan may apply.
Razer Fintech's total payment volume doubled to $1.8b in H1
31 Aug 20
It was boosted by online shopping and higher digital entertainment consumption.
Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users
27 Aug 20
Users buying from Fave’s partner merchants will receive up to 20% instant cashback.
Afterpay floats Asia, Europe expansion plans
27 Aug 20
It said its full-year loss has more than halved compared to last year.
Digital-savvy Thais push banks' fintech adoption: S&P
26 Aug 20
About 60% of the population are more attuned to digital services.
Digital credit scorecard developer CredoLab nabs $7m funding
26 Aug 20
The fintech said that it has powered almost $2b loans since 2016.
Singapore fintech Lightnet signs MOU with Swiss SEBA Bank
25 Aug 20
The company aims to carry out its first live transactions by Q4 2020.
Singapore fintech LytePay, Rapyd launch e-wallet for ERA Realty agents
24 Aug 20
Real estate salespersons will now be able to instantly use their commissions.
Razer's digital bank proposition aims to dazzle the global youth
21 Aug 20
The consortium is going big with its dream of meeting the underserved youth’s financial needs globally.
Singapore regulator assures that citizens are well-represented in local senior roles
19 Aug 20
Singaporeans make up 43% of senior management roles in the local banking sector.
Mastercard Business extends freebies to Hong Kong cardholders
18 Aug 20
Clients are eligible for up to 30% discounts on select digital tools and services.
HSBC extends PayMe solution to convenience store chain Circle K
13 Aug 20
PayMe has also launched a new QR feature for payments.
AMTD Digital names Osman Ershad Faiz as chief information and operating officer
13 Aug 20
Faiz has served as Singapore Clearing House Association director.
InvestHK floats fast-track fintech programme
11 Aug 20
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Japan's top regulator cautions against crypto deregulation
6 Aug 20
Doing so would simply increase speculative trading, he said.
GoBear, UnionBank float LaaS service in the Philippines
6 Aug 20
They will offer e-commerce loans on Lazada via GoBear's eShopaLoan.
Cambodia-based fintech Clik secures $3.7m seed round funding
5 Aug 20
The payments startup said that it is on track for a nation-wide launch by end-2020.
Indonesia's Ayoconnect raises $5m in pre-Series B funding round
5 Aug 20
The fintech firm hopes to build an open bill network in the country.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
29 Jul 20
Merchants using Airwallex do not need to open bank accounts to collect payments.
How Lendela streamlines customers' loan application process
23 Jul 20
The platform matches up customers’ loan needs from banks and lenders.
Singapore QR payments firm Fave partners with Pine Labs
22 Jul 20
Fave's QR code will be integrated with Pine Labs' payment terminals.

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