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Aeon Credit partners MUFG to launch $119M social loan in MalaysiaMUFG Bank (Malaysia) Berhad (MUFG), a subsidiary of Mitsubishi UFJ Financial Group, Inc. has signed a MYR 500 million ($119 million) social loan with AEON Credit Service (M) Berhad (AEON Credit), a financial service provider in Malaysia. The duo said in a statement on Monday that this landmark transaction is Malaysia’s largest social loan to date and also marks the bank’s debut...0 Kommentare 0 Geteilt 1KB Ansichten 0 Bewertungen
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Ample Transfers receives IPA from MAS to expand regulated payment services in SingaporeAmple Transfers, a Singapore-based provider of remittance and money-changing services, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to expand its scope of regulated payment services. The firm said in a statement on Monday that the approval, part of a license variation application, allows the firm to work towards offering four additional regulated...0 Kommentare 0 Geteilt 9KB Ansichten 0 Bewertungen
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Ant International opens first middle east office in Saudi ArabiaAnt International, a global digital payment, digitization and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi Central Bank (SAMA). With the new office launch, Ant International will work...0 Kommentare 0 Geteilt 11KB Ansichten 0 Bewertungen
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Atome secures $75M asset-backed facility from Lending Ark to expand financial access in the PhilippinesAtome, Singapore-based buy now pay later (BNPL) provider and part of Advance Intelligence Group, announced Monday that it has secured a $75 million asset-backed financing facility from Lending Ark, to accelerate financial inclusion in the Philippines. Atome said in a statement that this strategic financing from Lending Ark Asia Secured Private Debt Fund advised by CITIC Securities CLSA Capital...0 Kommentare 0 Geteilt 7KB Ansichten 0 Bewertungen
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Aura Private Equity leads $28.5M investment into Singapore’s Global Incentive SolutionsAura Private Equity has on Thursday announced a AU$28.5 million ($18 million) investment into Singapore-based Global Incentive Solutions, the parent company of Giftaway, a business with capabilities in digital rewards and incentives in the Philippines. Aura Private Equity said in a statement that this investment, made in collaboration with its co-investors, will fuel Giftaway’s growth as...0 Kommentare 0 Geteilt 13KB Ansichten 0 Bewertungen
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Boost Bank disburses $35.52M to hundreds of SMEs in MalaysiaMalaysia’s digital bank Boost Bank said Tuesday it has disbursed close to MYR 150 million ($35.52 million) financing disbursements across hundreds of small and medium-sized enterprise (SMEs). The bank said in a statement that as the first digital bank in Malaysia to roll out financing solutions exclusively for SMEs, this achievement reaffirms Boost Bank’s strong support in driving...0 Kommentare 0 Geteilt 7KB Ansichten 0 Bewertungen
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CoKeeps, Maybank Trustees forge partnership on blockchain-powered custodial and asset management solutionsCoKeeps Sdn Bhd, a Malaysia-based blockchain infrastructure company, and Maybank Trustees Berhad, a wholly owned subsidiary of Malayan Banking Berhad, have signed a memorandum of understanding (MOU) on exploring and implementing blockchain-based custodial and asset management solutions in support of Malaysia’s national digital transformation ambitions. The MOU represents a shared...0 Kommentare 0 Geteilt 10KB Ansichten 0 Bewertungen
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Credit Saison launches $50M blockchain-focused venture capital fundJapan-based venture capital firm Credit Saison has established “Onigiri Capital,” a fund specializing in blockchain investments, through its Singapore-based subsidiary, overseas corporate venture capital (CVC). The fund said in a statement on Tuesday that its global business aims to achieve financial inclusion, a universal social challenge, primarily operating in India, Southeast...0 Kommentare 0 Geteilt 1KB Ansichten 0 Bewertungen
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Digido: Filipinos spent 1.54 billion seconds using digital lending apps in 2024About 1.54 billion seconds were spent by persons in using non-bank digital lending applications in the Philippines in 2024, according to new analysis from Digido. Philippine-based financial platform said in a statement on Tuesday that an examination of 47 digital lending applications duly-registered to operate in the country, including Digido, revealed that the lion’s share of activity...0 Kommentare 0 Geteilt 8KB Ansichten 0 Bewertungen
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Financial Inclusion in Asia Projected to Reach 80% by 2030 – analystsThe analysts have developed an index of financial accessibility in Asia and made a forecast based on the available historical data. The index incorporates factors, such as financial institution account ownership, digital payments usage, debit and credit card ownership, and borrowing and saving experience. For the final estimate, each parameter was weighted based on its impact on access to...0 Kommentare 0 Geteilt 7KB Ansichten 0 Bewertungen
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GXBank and AKPK join forces to promote financial literacy in MalaysiaGrab-backed digital bank GX Bank Berhad and the Credit Counselling and Debt Management Agency (AKPK) have on Tuesday announced a strategic partnership to deepen efforts in building a financially literate and resilient Malaysia. This strategic partnership marks a significant milestone in both organizations’ commitment to promoting financial literacy and inclusion, especially in view of...0 Kommentare 0 Geteilt 2KB Ansichten 0 Bewertungen
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