Financial Technology
AMTD Digital to acquire stake in FOMO Pay
AMTD Digital to acquire stake in FOMO Pay
This is AMTD Digital's third controlling acquisition in Singapore's fintech sector.
Fintech soCash expands network with Sheng Siong, Prime partnership
Customers will be able to withdraw cash from 82 supermarket branches across Singapore.
Singapore's Fintech Academy, Alibaba, Pfizer form healthcare fintech alliance
They will grant incubator support, training and incentive programs to health fintechs.
Malaysia's MFMi selects Mambu to power digital Islamic services
The company plans to build an Islamic digital wallet.
Australia's fintech deal activity slumps anew in Q2
Only 12 transactions were recorded compared to 18 in Q1.
Razer Fintech pilots initiative to support 14,000 Malaysian SMEs
#RazerForLife will waive MDR fees for new SMEs until 31 December.
Singapore central bank, local police probing Wirecard's operations
The regulator is also working with foreign agencies for cross-border transactions.
UOB names Kevin Lam as TMRW head
He is currently UOB Indonesia’s country CEO.
QR codes, ISO 20022 fuel SEA's cross-border payments growth
It has pushed stakeholders to build a pan-regional real-time payments ecosystem.
Thai fintech SYNQA raises $80m in series C funding round
SCB 10X and SPARX Group led the funding round.
Bank transfers, digital wallets spur Hong Kong's e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Visa commits aid to 10 million SMEs in Asia Pacific
It is part of an initiative to support 50 million small businesses worldwide.
Missing Wirecard money not in the Philippine banking system
Lenders BDO and BPI have denied their involvement in the scandal.
Investments flood Singapore fintechs in April, May after quiet Q1
Total equity funding reached a record-high US$331m.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
AMTD, Xiaomi, SMU and NUS launch digital finance leadership programme
AMTD and Xiaomi will contribute $5m to support the programme.
Singapore FinTech Association pilots self-assessment tool
It will help fintechs accelerate ventures with financial institutions.
Commentary
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks