Financial Technology
Fintech JuanHand disbursed $772m in over 20 million loans
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
EWA fintech Payd raises $400,000 in seed extension round
Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.
Ant International names Jiang-Ming Yang as chief innovation officer
Yang led development of A+ Rewards, CoPilot, and EasySafePay for Antom.
Weixin Pay users flock to Hong Kong, Japan for Spring Festival holiday
The use of promotions or “mini programs” doubled in Japan.
Asia’s fintech transactions to reach $19t by 2025: UnaFinancial
Asian fintech transactions reached $16.8t in 2024, according to the report.
SG, Indonesia FinTech startups funding decline in 2024
Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.
Alipay+ now connects over 1.6 billion users of 35 e-wallets, banks
The platform recently welcomed Kaspi.kz and BigPay.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
SEA fintech funding drop 23% to $1.6b in 2024
This is 75% lower than the funding it got in 2022.
South African fintechs look to Hong Kong for funding
Tax perks and access to Africa await foreign investors.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
167 financial services firms adopt AI initiatives: report
Nearly 80% financial services companies have launched at least one AI initiative.
Japanese banks seek M&As overseas
MUFG has spent a billion dollars buying a stake in fintechs.
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
BEA and IDA launch HKD-pegged stablecoin
The initiative includes a trial involving a local payment gateway.
VCs invest $31.1b in fintech companies in 2024
Enterprise software companies and health companies got the most investments.
SMEs, crypto regulations key to Bahrain’s fintech ambitions
Stablecoins and crypto payments are areas of interest for the central bank.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
From stablecoins to sovereignty: The rise of trust-based digital dollar systems