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Ample Transfers receives IPA from MAS to expand regulated payment services in SingaporeAmple Transfers, a Singapore-based provider of remittance and money-changing services, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to expand its scope of regulated payment services. The firm said in a statement on Monday that the approval, part of a license variation application, allows the firm to work towards offering four additional regulated...0 Comments 0 Shares 3K Views 0 Reviews
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Ant International opens first middle east office in Saudi ArabiaAnt International, a global digital payment, digitization and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA). With the new office launch, Ant International will work...0 Comments 0 Shares 5K Views 0 Reviews
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Aura Private Equity leads $28.5M investment into Singapore’s Global Incentive SolutionsAura Private Equity has on Thursday announced a AU$28.5 million ($18 million) investment into Singapore-based Global Incentive Solutions, the parent company of Giftaway, a business with capabilities in digital rewards and incentives in the Philippines. Aura Private Equity said in a statement that this investment, made in collaboration with its co-investors, will fuel Giftaway’s growth as...0 Comments 0 Shares 7K Views 0 Reviews
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Boost Bank disburses $35.52M to hundreds of SMEs in MalaysiaMalaysia’s digital bank Boost Bank said Tuesday it has disbursed close to MYR 150 million ($35.52 million) financing disbursements across hundreds of small and medium-sized enterprise (SMEs). The bank said in a statement that as the first digital bank in Malaysia to roll out financing solutions exclusively for SMEs, this achievement reaffirms Boost Bank’s strong support in driving...0 Comments 0 Shares 1K Views 0 Reviews
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CoKeeps, Maybank Trustees forge partnership on blockchain-powered custodial and asset management solutionsCoKeeps Sdn Bhd, a Malaysia-based blockchain infrastructure company, and Maybank Trustees Berhad, a wholly owned subsidiary of Malayan Banking Berhad, have signed a memorandum of understanding (MOU) on exploring and implementing blockchain-based custodial and asset management solutions in support of Malaysia’s national digital transformation ambitions. The MOU represents a shared...0 Comments 0 Shares 1K Views 0 Reviews
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Digido: Filipinos spent 1.54 billion seconds using digital lending apps in 2024About 1.54 billion seconds were spent by persons in using non-bank digital lending applications in the Philippines in 2024, according to new analysis from Digido. Philippine-based financial platform said in a statement on Tuesday that an examination of 47 digital lending applications duly-registered to operate in the country, including Digido, revealed that the lion’s share of activity...0 Comments 0 Shares 1K Views 0 Reviews
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Financial Inclusion in Asia Projected to Reach 80% by 2030 – analystsThe analysts have developed an index of financial accessibility in Asia and made a forecast based on the available historical data. The index incorporates factors, such as financial institution account ownership, digital payments usage, debit and credit card ownership, and borrowing and saving experience. For the final estimate, each parameter was weighted based on its impact on access to...0 Comments 0 Shares 2K Views 0 Reviews
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GXBank partners MDEC to drive digitalization and financial inclusion of MSMEs in MalaysiaGXBank 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...0 Comments 0 Shares 3K Views 0 Reviews
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Hong Kong’s RedotPay secures $40M in Series A funding round led by LightspeedRedotPay, a crypto payment platform based in Hong Kong, has announced the successful close of a $40 million Series A funding round led by Lightspeed following their commitment in December 2024. RedotPay said in a statement on Monday that the round also saw significant investments from HSG and Galaxy Ventures. It also saw participation from DST Global Partners, Accel, Vertex Ventures...0 Comments 0 Shares 5K Views 0 Reviews
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Hong Leong Islamic Bank collaborates with PayNet, GoBarakah on new FinTech ecosystemMalaysian lender Hong Leong Islamic Bank (HLISB) has signed a memorandum of understanding (MOU) with fintech platform GoBarakah, with plans to build a new FinTech ecosystem that channels donations and funds to underserved communities. The partnership, formed under the PayNet Cambah program by Malaysia’s national payments firm Payments Network Malaysia Sdn Bhd (PayNet), underscores the...0 Comments 0 Shares 5K Views 0 Reviews
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LenderLink secures $1.25M pre-seed funding to build high-tech real-time credit bureau in the PhilippinesLenderLink Philippines, a fintech focused on improving credit data infrastructure, has raised $1.25 million in an oversubscribed seed round. The investment comes from a group of investors, including Kaya Founders, Iterative, Founders Launchpad, and leading local business angels including Manila Business Angels, marking LenderLink’s first external fundraising round, LenderLink said in a...0 Comments 0 Shares 3K Views 0 Reviews
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