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Airwallex’s $6.2B valuation soars with $300M Series F backingAirwallex, the global payments and financial platform, has completed a $300 million Series F funding round at a $6.2 billion valuation. The firm said in a statement on Wednesday that the round includes $150 million in secondary share transfers. The new investment, which brings Airwallex’s total funding to more than $1.2 billion, includes Square Peg, DST Global, Lone Pine Capital,...0 Commentarii 0 Distribuiri 5K Views 0 previzualizare
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Alipay+ contributes more than 80 percent of inbound QR payments via DuitNow in MalaysiaAlipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia. Alipay+ said in a statement on Monday that the contribution is reflecting a successful public-private partnership in building a more connected payments ecosystem. According to the statement, in the peak travel season in December 2024, the...0 Commentarii 0 Distribuiri 8K Views 0 previzualizare
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AMRO sees fragmented systems, regulatory alignment, and cybersecurity as challenges for ASEAN regional payment connectivityWhile ASEAN’s regional payment connectivity (RPC) is making good progress, ASEAN+3 Macroeconomic Research Office (AMRO) sees some challenges, including fragmented systems, regulatory alignment, and cybersecurity remain. The research house said in a note on Thursday that as more bilateral arrangements are added under the RPC, the complexity of integration increases. Besides, the pace of...0 Commentarii 0 Distribuiri 7K Views 0 previzualizare
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Ant International launches built-in end-to-end AI travel companion for digital wallet, super app users with partnersWith launch partners including Fliggy, Agoda and Trip.com, Ant International has introduced Alipay+ Voyager, an artificial artificial intelligence (AI) travel companion integrated into digital wallets for the travel industry to simplify and enhance travel experiences for global consumers. Ant International said in a statement on last Wednesday that Alipay+ Voyager combines Ant...0 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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Ant International partners with Barclays on global treasury management with proprietary AI-powered FX modelSingapore-based financial technology firm Ant International has entered a partnership with the United Kingdom bank Barclays to enhance efficiency and resilience in global treasury management for businesses. Under the partnership, the two sides will combine innovative solutions, including Ant’s proprietary Time-Series Transformer (TST) AI FX Model, to help businesses reduce foreign...0 Commentarii 0 Distribuiri 3K Views 0 previzualizare
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Ant International, Deutsche Bank team up to provide integrated cross-border payment solutions to global merchantsAnt International and Deutsche Bank have announced their strategic partnership to provide more comprehensive payment solutions for businesses of all sizes in Europe and Asia, by combining their expertise and leveraging Ant International’s proprietary tokenization and artificial intelligence (AI)-based foreign exchange (FX) technology. The duo said in a statement on Tuesday that the bank...0 Commentarii 0 Distribuiri 3K Views 0 previzualizare
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China’s Skyee receives IPA for MPI license from MASSkyee Pte. Ltd. has on Monday announced that it has been granted in-principle approval (IPA) for the major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee said in a statement that if obtained, the MPI license will allow the firm to service its Singapore market, further enhancing the payment experience for cross-border sellers, streamlining payment...0 Commentarii 0 Distribuiri 8K Views 0 previzualizare
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China’s XTransfer receives license to provide payment services in SingaporeXTransfer, a China-based business to business (B2B) cross-border trade payment platform, was granted the major payment institution (MPI) license by the Monetary Authority of Singapore (MAS) to offer payment services in the country. XTransfer said in a statement on Friday that this significant milestone strengthens the firm’s leading position in the B2B cross-border payments industry....0 Commentarii 0 Distribuiri 8K Views 0 previzualizare
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Malaysia and Cambodia officially launch cross-border QR payment phase 2Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have on Tuesday launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia. With this expansion, Malaysian travelers can now seamlessly pay Cambodian merchants by scanning the KHQR using native mobile payment application of participating financial institutions. Cambodian travelers to Malaysia can...0 Commentarii 0 Distribuiri 5K Views 0 previzualizare
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Malaysia’s MPay secures Labuan FSA license to fuel regional and global Fintech expansionManagePay Systems Berhad (MPay), a Malaysian fintech company, announced Wednesday that Labuan Financial Services Authority (Labuan FSA) has approved MPay to establish a subsidiary in Labuan, namely MPay SPV Labuan Ltd. (MPay Labuan). MPay said in a statement that the Labuan subsidiary will operate a credit token business and digital financial services, as well as a payment system targeting...0 Commentarii 0 Distribuiri 3K Views 0 previzualizare
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Maybank partners with central banks to strengthen cross-border QR payment connectivity between Malaysia and CambodiaMalaysian lender Malayan Banking Bhd (Maybank) has partnered with central banks to strengthen cross-border QR payment connectivity between Malaysia and Cambodia, aligns with its ASEAN 2025’s strategies. The bank said in a statement on Tuesday that it has become the strategic banking partner as well as the sponsoring and settlement bank in the second phase of the cross-border QR payment...0 Commentarii 0 Distribuiri 5K Views 0 previzualizare
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