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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 Comments 0 Shares 2K Views 0 Reviews
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Hong Kong-based cryptocurrency custodian Hex Trust secures strategic investment from Morgan CreekHex 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...0 Comments 0 Shares 754 Views 0 Reviews
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Largest Philippine fintech company GCash said to pick banks for IPOGCash, 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...0 Comments 0 Shares 2K Views 0 Reviews
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MAS and ABS to establish new payments entity to position national payment schemes for next stage of growthThe 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...0 Comments 0 Shares 644 Views 0 Reviews
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Singapore’s Endowus raises additional $17.5M, bringing latest fundraising round to over $50MSingapore-based digital wealth advisory platform Endowus has announced an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5 million. The firm said in a statement on last Thursday that the funding increased its total funding to over $110 million. New investors include Malaysia-based OSK Ventures and Asia Companion Fund...0 Comments 0 Shares 2K Views 0 Reviews
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StraitsX partners with RedotPay and Visa to advance digital asset paymentsStraitsX, a Singapore-based digital asset infrastructure provider, has partnered with Hong Kong-based cryptocurrency payment firm RedotPay and global payment firm Visa to advance digital asset payments. StraitsX said in a statement on Tuesday that it supports the launch of RedotPay’s innovative digital asset-backed card program in Singapore. As the Visa BIN sponsor, StraitsX said it...0 Comments 0 Shares 445 Views 0 Reviews
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ThaiQuest partners SIX to expand market data access, enhance financial information businessThai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the global financial data and market infrastructure provider, to access comprehensive market data from SIX and enhance its financial information business. As of today, ThaiQuest will gain seamless access to the SIX financial data universe via SIX Web API, a modern data gateway designed especially for...0 Comments 0 Shares 764 Views 0 Reviews
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