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2025-04-10 05:26:51 -

Airwallex reports triple-digit full year revenue growth in Singapore for 2024
Airwallex, the global payments and financial platform, has on Wednesday reported strong FY2024 performance in Singapore. The firm said in a statement that its FY2024 revenue in Singapore more than doubled, growing 153 percent year-on-year, fueled by strong transaction volumes and a standout fourth quarter. “2024 marked a new phase of growth for us in Singapore and across the region,...

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2025-04-18 04:26:09 -

AMRO sees fragmented systems, regulatory alignment, and cybersecurity as challenges for ASEAN regional payment connectivity
While 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...

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2025-04-26 05:47:12 -

BYD Sime Motors partners Malaysia’s Ministry of Transport to reduce carbon emissions through EVs in the country
BYD Sime Motors, the official distributor of BYD cars in Malaysia, is partnering up with the Ministry of Transport (MOT) of Malaysia to advance the nation’s low-carbon mobility agenda. A key focus of this collaboration is reducing carbon emissions through increased EV adoption in Malaysia, BYD Sime Motors said in a statement on Wednesday. This partnership introduces a six-month program...

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2025-01-13 06:08:46 -

China’s Skyee receives IPA for MPI license from MAS
Skyee 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...

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2025-01-10 13:14:51 -

China’s XTransfer receives license to provide payment services in Singapore
XTransfer, 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....

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2025-04-29 02:24:52 -

Curlec by Razorpay appoints payments leader Kevin Lee as Malaysia Country Head
Curlec by Razorpay, Malaysia’s payment firm, has on Monday announced the appointment of Kevin Lee as its Country Head. The firm said in a statement that Lee will lead Curlec’s vision and efforts to enhance digital payment solutions for businesses of all sizes in Malaysia. He will play a key role in further enhancing the Curlec Payment platform’s capabilities and delivering...

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2025-04-10 05:29:12 -

Finastra, TIM Corp team up to boost treasury solutions in the Philippines
Finastra, a global provider of financial services software applications, has announced a strategic partnership with Total Information Management Corporation (TIM Corp), the Philippines-based data center services, managed services, and information technology (IT) infrastructure firm, to boost treasury solutions in the Philippines. This collaboration aims to elevate treasury service challenges...

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2025-03-31 01:36:07 -

GXBank partners MDEC to drive digitalization and financial inclusion of MSMEs in Malaysia
GXBank has signed a memorandum of understanding with the Malaysia Digital Economy Corporation (MDEC) to drive digital transformation of micro, small and medium enterprises (MSME) in Malaysia. GXBank said in a statement on Wednesday that this initiative is in-line with its mission to build a financially resilient nation through technology and innovation. “As one of Malaysia’s three...

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2025-04-01 06:36:26 -

Hong Kong’s ZA Bank appoints Calvin Ng as new CEO
Hong Kong digital bank ZA Bank has on Monday announced the appointment of Calvin Ng as its new Chief Executive Officer, effective from March 27. ZA Bank said in a statement that Ng will lead the Bank for its continued growth and innovation in Hong Kong’s digital banking space. He has served as an Executive Director of ZA Bank since September 2022. ZA Bank also announced that Ronald Iu...

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2025-02-10 17:39:24 -

Hong Kong-based cryptocurrency custodian Hex Trust secures strategic investment from Morgan Creek
Hex Trust, a Hong Kong-based digital assets financial service provider specializing in custody, staking, and market services, has successfully secured a strategic funding round led by Morgan Creek Digital with participation from global investors including Injective. Hex Trust said in a statement on Friday that this new funding brought its total funding to date to over $100 million. This...

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2025-01-10 12:22:47 -

Largest Philippine fintech company GCash said to pick banks for IPO
GCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...

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2025-02-12 11:26:53 -

MAS and ABS to establish new payments entity to position national payment schemes for next stage of growth
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth. The duo said in a statement that the entity will also collaborate with MAS on the...

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