Financial Technology
Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs
Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs
Globally, 4 in 5 small and medium businesses are looking to sell overseas.
Loan matching platform Lendela names new CFO, CTO
Lendela is planning to scale business across Hong Kong and APAC.
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
EWA fintech Payd raises $400,000 in seed extension round
Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.
Ant International names Jiang-Ming Yang as chief innovation officer
Yang led development of A+ Rewards, CoPilot, and EasySafePay for Antom.
Weixin Pay users flock to Hong Kong, Japan for Spring Festival holiday
The use of promotions or “mini programs” doubled in Japan.
Asia’s fintech transactions to reach $19t by 2025: UnaFinancial
Asian fintech transactions reached $16.8t in 2024, according to the report.
SG, Indonesia FinTech startups funding decline in 2024
Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.
Alipay+ now connects over 1.6 billion users of 35 e-wallets, banks
The platform recently welcomed Kaspi.kz and BigPay.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
SEA fintech funding drop 23% to $1.6b in 2024
This is 75% lower than the funding it got in 2022.
South African fintechs look to Hong Kong for funding
Tax perks and access to Africa await foreign investors.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
167 financial services firms adopt AI initiatives: report
Nearly 80% financial services companies have launched at least one AI initiative.
Japanese banks seek M&As overseas
MUFG has spent a billion dollars buying a stake in fintechs.
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
BEA and IDA launch HKD-pegged stablecoin
The initiative includes a trial involving a local payment gateway.
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Young consumers are changing financial norms and expectations.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?