Singapore
SG fintech Volopay targets to triple revenue by June 2024
SG fintech Volopay targets to triple revenue by June 2024
Rising above the pandemic, varying regulations, and talent pool challenges, Volopay sets an ambitious goal to expand operations.
UBS appoints new CFO following Credit Suisse’s takeover
Todd Tuckner will take on the CFO post at the close of the acquisition.
GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign
GXS collaborated with three local artists to create the key visuals for the campaign.
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.
WhatsApp launches payment feature in SG
Users will be able to send payments to merchants.
DBS imposed with $1.6b additional capital requirements for service disruptions
Total additional regulatory capital has now reached about S$1.6b (US$1.2b).
Landmark receives payment license in Singapore
It began its operations after acquiring the license.
Singapore’s Trust Bank exceeds 450,000 customers in 5 months
This comes after the bank onboarded 100,000 people in 10 days after launch.
US Treasury and MAS reinforce cross-border cybersecurity
The collaboration follows the MOU on Cybersecurity Cooperation between the institutions in August 2021.
DBS hits record net profit of S$2.57b in Q1
Board has declared a dividend of SGD 42 cents per share.
SFA, Austrade kick-off Project Lorikeet to support fintechs expansion in both markets
Supporting partners are HSBC and Amazon Web Services.
Alipay Q1 transactions by Chinese tourists in SG nearly doubles
Total user transactions in March averaged 45% of the tally in 2019.
MAS hosts meetings for central banks to tackle climate issues in finance
Climate-related risks and issues were identified for the transition to green financing.
UOB posts record net profit of S$1.6b in Q1
Core operating profit was also 60% higher at S$2.1b.
GXS Bank Introduces FlexiLoan
Interest rates start from 3.8% per annum.
Alipay+ accessible in 11,000 SG Hawker Centre stalls
Users of the platform and partner e-wallets can pay through the SGQR.
Syfe allies with US-based investment management firm for unique offering
Monthly payouts range between 4.0% to 6% per annum.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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