Wise Partners With Tencent Financial Technology To Bolster International Money Transfers To China Through Weixin
Wise, the global technology company building the best way to move money around the world, today announced a technology partnership with Tencent Financial Technology which will enable international money transfers to China through Weixin. Weixin (the mainland Chinese version of WeChat), owned and operated by Tencent, is a leading social platform in China. With this latest launch, Wise’s customers will be able to send money from 11...
Instarem Launches Mobile App in Malaysia, Making Cross Border Payments Safer, Faster and More Affordable
Instarem, leading digital cross border payments business, today announced that its mobile application is now available in Malaysia, enabling users to send funds effortlessly. The new app will allow instant onboarding for Malaysian Nationals and expats through local partners. Users will be able to access the app with their fingerprint and will be able to transfer instantly to specific destinations via an intuitive function called Quick...
Visa Pioneers Cloud-based Payment Acceptance
VISA announced a new platform, Visa Acceptance Cloud (VAC), set to revolutionize the way businesses accept payments from their customers. Following the success of the company’s popular “Tap to Phone” solution, VAC will let acquirers, payment service providers, point of sale (POS) manufacturers, and Internet of Things (IoT) players move payment processing software from being embedded in each hardware device to being universally...
Mastercard Appoints Safdar Khan Division President for Southeast Asia
Mastercard announced today that Safdar Khan has been named Division President for Southeast Asia. This appointment is an expansion of his former role as Division President, Southeast Asia Emerging Markets. A 15-year veteran of Mastercard, Khan’s previous role saw him building business momentum with an assertive distribution strategy and expanding revenue by growing the company’s Services offerings. He will now be responsible for...
Snatch That Crypto: Bluenoroff Threat Actor Drains Cryptocurrency Startups’ Accounts
Kaspersky experts have uncovered a series of attacks by advanced persistent threat (APT) actor BlueNoroff against small and medium-sized companies worldwide resulting in major cryptocurrency losses for the victims. The campaign, dubbed SnatchCrypto, is aimed at various companies that, by the nature of their work, deal with cryptocurrencies and smart contracts, DeFi, Blockchain, and the FinTech industry. In BlueNoroff’s most recent...
New Research Highlights The Benefits Of A ‘Multicore’ Approach For Southeast Asian Banks Seeking Rapid, Low Risk Digital Transformation
Southeast Asian banks view digital transformation as high risk, and while they understand the value of digital core banking, they are seeking a lower risk approach to digital transformation to extend the life of their legacy technology and mitigate potential damage. This was the key finding of new research from IDC Financial Insights, published today. The new IDC white paper, sponsored by Mambu, Leveraging Digital Core Banking...
Etika Teams Up with Digital Wallet MAE to Offer RM888 Prosperity Angpao
It is that time of the year again when Malaysians are in the mood to celebrate the festive season with great food, drinks and merriment. With Chinese New Year around the corner, Etika Sdn Bhd (“Etika”), one of Malaysia’s leading halal beverage manufacturers wants you to start the new year by bringing home prosperity and happiness with plenty of deals and promotions that are too good to miss. To celebrate Chinese New Year, Etika will...
Stay Updated in Financial Technology through100 Finance and Tech Industry Speakers in MyFintech Week 2022
MyFintech Week 2022 (MyFW 2022) recently unveiled part of its finance and tech speakers line-up as it gears up for an insightful week from 24 to 28 January 2022. Themed “Advancing Digitalisation for Recovery, Sustainability, Inclusion”, MyFW 2022 is expected to cover a wide range of pressing issues facing the future of the financial industry. It is anchored on seven key priorities: Sustainability, Resiliency, New Realities for...
Mastercard Economics Institute: 2022 Economic Outlook Defined by Digital Resilience and a Return to the ‘Experience Economy’
Ahead of the pandemic’s second year milestone, the Mastercard Economics Institute released Economy 2022, a global outlook for the coming year. Based on critical trends, the report reveals how five fundamental factors — savings and spending, supply chains, digital acceleration, travel, and a growing list of economic risks — will continue to shape the global economy. Key findings include: Travel: Uptick in leisure travel recovery as...
Visa Completes Acquisition of Currencycloud
Visa today announced it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in multiple currencies. The...
Regional Insurtech Igloo extends footprint in Malaysia with Pine Labs partnership and appointment of Country Head
Regional insurtech firm Igloo today announced a new partnership with digital payments service provider, Pine Labs, marking the extension of its regional footprint in Malaysia. Pine Labs is currently used by over 246,000 merchants in 3700 cities and towns across India and Malaysia. The partnership comes on the heels of its appointment of Amitabh Singh as Country Manager, Malaysia. Through the partnership, Pine Labs will offer shoppers...
New Report Shows Fintech Innovation Brings Positive Impact to Asia Pacific
Fast-paced fintech innovation in Asia Pacific is having a measurable, positive impact on access to financial services in the region, according to a new report from findexable, powered by Mambu, titled ‘Asia Pacific Fintech Rankings: Bridging Divides’. The report, which provides an APAC-centric deep-dive into the Global Fintech Rankings released mid-2021, highlights the vital role fintech innovation has in closing the gaps between the...
Visa Introduces Crypto Advisory Services to Help Partners Navigate a New Era of Money Movement
Visa has announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their own crypto journey. This comes at a moment when digital currencies are taking greater hold in the popular consciousness – according to research released today from Visa, awareness of crypto among financial decision makers surveyed is near universal at 94%...
Mastercard and Boost Partner to Expand Digital Services and Advance Cashless Economies Across Southeast & South Asia
Mastercard and Boost, the fintech arm of Axiata Digital have embarked on a strategic partnership to provide a range of innovative payment solutions and offerings to deliver more choice, convenience, and security to Malaysian and Indonesian consumers. One of the first products in the pipeline will be a Mastercard prepaid card that will complement the current offerings by Boost Life, Boost’s e-wallet business. One of the principle aims...
Mambu Raises €235 Million At €4.9 Billion Valuation In EQT Growth-Led Series E
Mambu, a market-leading, modern SaaS banking platform, has announced raising €235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform. The funding brings the company’s valuation to €4.9 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe. As consumers and businesses alike are increasingly demanding frictionless digital banking...
Financial Systems Jeopardized, Infostealers On The Rise And More Cryptocurrency Attacks: A Look At Financial Threats In 2022
In 2022, we will observe state-sponsored groups targeting the cryptocurrency industry, while cybercriminals will take advantage of investors by fabricating rogue wallet with backdoors included. On top of that, we are likely to witness the growth of attacks against payment systems and more advanced mobile threats. These are the key predictions from Kaspersky’s ‘Cyberthreats to Financial Organizations in 2022’ report. 2021 was a year of...
Mastercard Partners with Leading Digital Currency Companies Across Asia Pacific to Launch the Region’s First Crypto-Linked Payment Cards
In partnership with Mastercard, three leading cryptocurrency service providers in Asia Pacific will be launching crypto-funded Mastercard payment cards. For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit or pre-paid cards that will enable them to instantly convert their cryptocurrencies into traditional fiat currency, which can be spent everywhere...
75 Percent of APAC Consumers likely to Rely on Digital Banking Post-Pandemic
Three quarters (75 percent) of APAC banking customers say they are likely to use digital banking more now than pre-pandemic, according to a new report from SaaS cloud banking platform Mambu. The financial tribes you need to know report reveals that nearly two thirds (65 percent) of APAC consumers made greater use of digital banking services over the last 18 months, and globally, two in every five people started using digital banking...
Mastercard Launches World-First “Buy Now, Pay Later” Commercial Card Solution for Small Business Financing in APAC
With the consumer-oriented “Buy Now, Pay Later” (BNPL) industry set to exceed US$1 trillion in annual gross merchandise volume globally by 2025[1], Mastercard today announced the next evolution of the payments model with the launch of a new commercial card offering designed specifically for small and medium enterprises. Called Mastercard Pay & Split, it enables financial institutions to provide small businesses with a similar...
Mastercard Opens The Door For Fintech Companies To Build, Launch And Grow
Mastercard has been actively expanding its platform capabilities through the Mastercard Developers portfolio, adding a multitude of differentiated services to power new ways to pay, enhance the customer experience and infuse trust across the payments ecosystem. Taking both an organic and inorganic approach to growth, the company’s acquisitions such as Aiia, CipherTrace, Ekata, Ethoca, Finicity and NuData combined with aggressive...
