Financial Technology

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.

Bank-fintech alliance a win-win, says HSBC

Lenders can learn from disruptive tech whilst aiding its champions comply with regulations.

Ant Group unveils AI financial manager Maxiaoca

It has attracted 70 million monthly active users as of August 2024.

Mobile payments by tourists in China rise sixfold

The number of international tourists using mobile payment services quadrupled.

HKMA launches sandbox to accelerate tokenisation adoption

The sandbox will facilitate interbank settlement using experimental tokenised money.

India names first self-regulatory organisation for fintechs

There are two more applications pending, according to the central bank.

MUFG invests $338.5m in India’s DMI Finance

DMI Finance has provided loans to 15.2 million customers in India as of March 2024.

Futu bags $1.2b net income in Q2 2024

Earnings per share stood at 1.08 Hong Kong cents.

Airwallex now processing $100b annually

This was anchored by its Americas expansion and APAC revenue growth.

Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’

There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals.

Fintech investments in APAC drop 19% to $3.7b in H1

All regions globally recorded a decline in fintech investments.

Loans extended by Philippine banks up 10.1% in June

Consumer lending expanded on the back of credit card loans.

Standard Chartered invests in financial tech platform United Fintech

The bank has been granted board observer rights and a rotational board seat.

HK virtual banks' record 2.2 million depositors by end-2023

Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.