Financial Technology
HSBC, Visa team up to develop multi-currency app Zing
HSBC, Visa team up to develop multi-currency app Zing
Users can hold funds in 10 different currencies and transact in 200 countries.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
Ant International acquires Dutch payment service provider MultiSafepay
Ant will integrate MultiSafepay into its subsidiary Antom.
Fintech Airwallex records 84% revenue growth
Its Australia and New Zealand business saw revenue grow by 93%.
Thai fintech unicorn Ascend Money bags $195m investment
MUFG Bank is the lead investor.
Fintech venture investments in Asia to hit $548b in 2028
In 2023, Asian fintechs have clinched $369b in investments.
Fintech Paywatch secures $30m in series A funding round
Vanderbilt University and Third Prime led the investment round.
SEA fintechs clinch $851m of funding in H1
Digital lender ANEXT Bank was one of two major funding rounds during the period.
Ant International unveils microlending service bettr
It has partnered with Thailand’s AWC to start.
Alipay+ and GHL enable cross-border payments in the Philippines
Mobile wallets include AlipayHK, KakaoPay, Touch ‘n Go, and Alipay.
Boost Bank launches digital app for underserved Malaysians
Deposits are protected for $53,234.
ANEXT Bank boosts cross-border transactions sixfold
About 69% of its customer base are micro businesses.
Alipay+ enables QR payments in Mongolia for 12 foreign e-wallets
The e-wallets are from SEA, East Asia, and Italy.
Ant Group, Mastercard launch International Consumer Friendly Zones program in Shanghai
It will improve the travel experience for global visitors and boost local businesses in China.
DBS Indonesia enhances payment solutions with digital tech
Digital initiatives drive transaction efficiency and bolster security measures.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
Why tech is not the focal point of banks’ digital transformations
About 70% of digital transformations fail, an industry expert warned.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
