Financial Technology
Wise gains direct access to PH’s InstaPay and PhilPaSS Plus
Wise gains direct access to PH’s InstaPay and PhilPaSS Plus
This enables over 63% of all Wise transactions to be completed instantly, with an average fee of 0.62%.
Mastercard launches OTP-free online transaction
This ensures that payment credentials are not shared with third parties.
Maya Philippines rolls out new international payment service
The service allows foreign customers to pay in their home currency
Banque de France, MAS completed post-quantum cryptography trial
The technology aims to protect data from cybersecurity threats posed by quantum computing.
Endowus Hong Kong’s client base increased sevenfold
The group has surpassed US$200m in private markets and hedge funds.
PH cybercrime body, JuanHand ink MOA on combat fintech lending cybercrime
They will develop a data and information sharing mechanism.
Volume of transactions drives financial crime compliance costs
Manual intervention and regulatory complexity also contributes to compliance expenses.
UPI expands beyond India, driving global adoption
It simplifies small payments for its users.
UPI transforms person-to-person, business transactions
Indian Bank CEO highlights UPI's impact and global trends at Sibos 2024.
Singapore fintech funding down 10% to $208m in Q3
The drop is in line with overall tech startup funding in Singapore.
Why banks will be ‘invisible’ by 2030
They either become the platform or willingly lose their brand visibility.
South Asia, SEA have ‘greatest potential’ for fintech lending: study
South Asia’s fintechs and young population lifted its rankings.
YouBiz, CloudMile announce AI and cross-border payment partnership
Companies using a YouBiz corporate card will receive up to a 5% discount.
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve.
ShopeePay and dLocal expand partnership for enhanced payment solutions
It will facilitate the pay-ins and payouts.
Visa, dtcpay launch card enabling digital currency conversion
The card will be available for public registration in Q4 2024.
DBS unveils crypto options trading and structured notes for wealth clients
They may earn yield on fiat depending on the product’s structure and price movements.
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1. Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report 2. GXS Bank launches GXS Invest 3. Singapore and China reaffirm green finance cooperation 4. Hong Kong lenders consider making bad bank to offload $25b in soured loans 5. Singapore banks’ interest income expected to come weaker in Q2Resource Center
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