Financial Technology
Alipay+ touches down in the Philippines revealing three new mobile wallets
Alipay+ touches down in the Philippines revealing three new mobile wallets
It will be made available to merchants in Manila and Cebu.
Bank Rakyat Indonesia’s assets leaps 9.2% YoY in Q2
It boosted its consolidated earnings to IDR23.56t.
Vietnam’s central bank signs into regional cross-boundary payment system
The memorandum includes other central banks such as Indonesia, Malaysia, Philippines, Singapore, and Thailand.
Regulatory dynamics remain a pressing issue in fintech
Collaborating with traditional banks emerges as central concern in the industry's evolution, as well.
HSBC unveils ETF platform solutions
The bank has collaborated with Calastone to develop an ETF order management system.
Atome Financial, HSBC extend collaboration to support Philippine market
The partnership also plans to boost new consumer financing products.
More cryptocurrency users in India by 2027, to surpass US and UK combined
India is expected to account for 33% of one billion global users in four years.
SkorLife takes $4m seed funding to empower Indonesians with financial literacy
This fintech startup plans to leverage technology to lift the Indonesian market’s potential for better financing.
Asian fintechs to outpace global competitors; China posts tepid growth
S&P Global’s latest report shows Asia’s fintech growth may be gradual for 2023, but small and emerging economies will keep the region steady.
Fintech funding slows to 10-year low as investors tout quality over quantity
Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.
Singapore fintech investments record three-year low in H1
Consolidation drove fintech investments in the payments space, KPMG found.
UnionDigitalBank, Capital A launch embedded finance services in the Philippines
Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.
Shinhan Bank, SCB TechX successfully complete stablecoin remittance pilot
The proof of concept was built on the Hedera network.
E-wallet Nagad reaches 80 million account registers
This was in line with their journey of boosting the region’s SDGs.
UnionPay inks deal with Cambodia to promote QR cross-border payments
It aims to benefit residents of both countries in cross-border mobile payments.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
UnionDigital Bank bags $16m more in capital
It will be utilised to grow its digital loan offerings.
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