Asia

February 23, 2025 @ 5:15 pm By Omar Faridi  |  

Nikko Asset Management (Nikko Asset Management Co., Ltd. together with its subsidiaries), one of Asia’s asset managers, and Tikehau Capital, the alternative asset management group, announce the incorporation of Tikehau Amova Investment Management Pte. Ltd., their joint venture focused on developing private asset investment strategies…. Read More

February 22, 2025 @ 5:59 pm By Omar Faridi  |  

Checkout.com, a digital payments provider, announced its partnership with HEYTEA, the creator of new-style tea drinks and one of Asia’s beverage brands. The partnership has reportedly improved HEYTEA’s customer experience and supported its global “expansion by offering localized payments solutions.” HEYTEA customers can now “place… Read More

February 22, 2025 @ 5:55 pm By Michael Wong  |  

Hong Kong is mulling over the approval of new cryptocurrency and virtual assets products, including derivatives and margin lending, for select investors, as the city seeks to bolster its position as a regional digital assets hub. The move, outlined by Securities and Futures Commission (SFC)… Read More

February 21, 2025 @ 12:02 pm By JD Alois  |  

Crypto exchange Bybit has apparently been hacked. Bybit, based in Singapore, reports over 60 million users worldwide and is said to be the world’s second-largest cryptocurrency exchange by trading volume. It was not immediately clear as to how much may have been stolen from the… Read More

February 21, 2025 @ 8:44 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial platform of for companies across the globe, announced its partnership with Eats365, a restaurant point-of-sale (POS) provider currently serving 27 markets. This collab will now aim to simplify “operations for Eats365 merchants and users throughout the supported regions.” Through 365pay,… Read More

February 21, 2025 @ 6:36 am By Omar Faridi  |  

Thunes, which claims to be the “Smart Superhighway” to move money around the world, announced the expansion of its Direct Global Network into Taiwan. This expansion brings Thunes’ Pay-to-Banks payment capabilities to Taiwan, enhancing the company’s cross-border payment services in “one of Asia’s most technologically… Read More

February 20, 2025 @ 1:06 pm By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced that it has received the regulatory approvals in China required to “complete its previously announced acquisition of a licensed China-based payment service… Read More

February 19, 2025 @ 9:44 pm By Omar Faridi  |  

In a key move for Egypt’s automotive market, Dubizzle Group, the UAE-based tech platform behind some of the MENA region’s most widely-used classifieds platforms, such as dubizzle, Bayut and Drive Arabia, has acquired Hatla2ee, one of Egypt’s leading online car marketplaces. With this latest acquisition,… Read More

February 18, 2025 @ 10:36 pm By Omar Faridi  |  

EBANX, a Payment Service Provider (PSP) specializing in emerging markets, today announced that EBANX Pte. Ltd. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license supports two types of payment services in Singapore… Read More

February 18, 2025 @ 9:19 pm By Omar Faridi  |  

Aspire, a Fintech headquartered in Singapore, announced the launch of its Visa corporate card tailored specifically for small and medium-sized businesses in Hong Kong. By providing access to financial tools, Aspire and Visa are setting the stage for a new era of “growth and efficiency… Read More

February 18, 2025 @ 9:12 pm By Omar Faridi  |  

Tribe Payments, a digital payment and infrastructure orchestrator focused on specializing in issuer and acquirer processing, joined the Singapore FinTech Association (SFA). This latest milestone that builds on Tribe’s October 2024 expansion into Asia-Pacific (APAC) region. Joining the SFA strengthens Tribe’s presence within one of… Read More

February 18, 2025 @ 9:11 pm By Omar Faridi  |  

Myne, a wealth and asset tracking platform, announced that the firm has secured $2 million and has now finalized its pre-seed round. The new investment round was led by Scene Holding, followed by Raz Holding with “participation from Plus VC, the most active VC in… Read More

February 18, 2025 @ 3:33 pm By Omar Faridi  |  

Standard Chartered Bank (LON: STAN), Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue “a Hong Kong… Read More

February 17, 2025 @ 6:45 am By Omar Faridi  |  

Multiples Alternate Asset Management, along with its co-investors, announced that it has signed definitive documents to acquire a controlling stake in digital product engineering platform, QBurst. This transaction, with an investment of $200 million, reportedly “marks Multiples’ largest control investment in technology services.” Established back… Read More

February 16, 2025 @ 6:27 pm By Michael Wong  |  

Cambodia’s Minister of Interior Sar Sokha has called for intensified efforts to suppress illegal online lending, urging citizens to stop repaying loans from unlicensed lenders and report such activities to authorities. Speaking at the closing ceremony of the Interior Ministry’s annual review meeting, Sokha reiterated… Read More

February 16, 2025 @ 6:17 pm By Michael Wong  |  

Derayah Financial Company has priced its initial public offering (IPO) at 30 riyals ($8) per share, the upper end of its indicated range, following strong demand from institutional investors. The Saudi-based independent digital investment platform attracted 243 billion riyals ($64.79 billion) in total orders during… Read More

February 16, 2025 @ 6:13 pm By Michael Wong  |  

Financial technology firms are emerging as alternative lenders for micro, small, and medium enterprises (MSMEs), including those in agriculture, amid banks’ continued hesitancy to extend loans to the sector. Bangko Sentral ng Pilipinas (BSP) Monetary Board member Romeo Bernardo said fintech firms are playing an… Read More

February 16, 2025 @ 11:50 am By Omar Faridi  |  

Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, has signed a Memorandum of Understanding (MoU) with Reelly Tech, one of the real estate B2B platforms in the UAE. This marks an advancement in the evolution of… Read More

February 14, 2025 @ 12:35 pm By Omar Faridi  |  

Blockstream, the firm focused on Bitcoin-powered financial infrastructure, is expanding its footprint with the opening of a Tokyo office, marking an advance in Bitcoin’s evolution in Japan and across Asian markets. Partnering with Diamond Hands, Japan’s Bitcoin strategic consultancy, and Fulgur Ventures, an investor in… Read More

February 13, 2025 @ 10:06 pm By Omar Faridi  |  

Shyft Network continues to expand its presence in India’s crypto market, announcing a partnership with Unitic for the integration of Veriscope‘s compliance solutions. The partnership comes as India‘s crypto sector continues to develop, blending traditional finance practices “with digital asset innovation in one of the… Read More