Highlights of Fintech News Singapore —Aug. 09–22
Cross-border payments can be uncertain and expensive. Ripple, Singapore’s first major gateway had made a fintech infographic about this topic to show how they are making themselves different in the market.
Hong Kong in specific led the growth of the blockchain market in northeast Asia, with its friendly regulatory frameworks and policies for digital currency and blockchain-focused platform providers.
Here are 6 Hong Kong-based blockchain platforms and startups you must be aware of.
In the case of fintech, the Financial Services Authority (OJK) has been proactive in attempting to gain an understanding of the industry through discussions with various fintech players. New rulings for Indonesia fintech companies is planned to finalize by the end of the year.
All winners from each of the categories will represent Vietnam at the Grand Finale of ASEAN Rice Bowl Startup Awards on September 29 in Manila, Philippines. Winners of the ASEAN Rice Bowl Startup Awards Finals will compete in winter 2016 at the Global Startup Awards finale in Kuala Lumpur, Malaysia — the annual startup awards active in 25 countries globally.
Ant Financial Services Group, Alibaba’s financial service affiliate that runs Alipay, has unveiled a new virtual reality (VR)-based payments service which the group plans to launch in September, according to a report by Yicai Global.
3 months after launch, Timo bank application, which is powered by VPBank has acquired over 10,000 new accounts. For the next evolution
With bank’s inefficient services and remittance outlet’s expensive fees, Filipino workers began to search for other alternative payment networks to send money across the country. As this interest widely spread throughout the country, Bitcoin became extremely popular amongst workers, employees, and average users.
AirAsia BIG — The Frequent Flyer Loyalty Program all Expats and Travellers with Connection to Bank Points
We’ve all heard of AirAsia — the king of budget travel — but what about AirAsia BIG?
KPMG observed that Singapore had the requisite components to be a best-in-class jurisdiction in the area of payments but would need to take several steps to improve the landscape
Considering the diversity of Hong Kong’s startup ecosystem and payment infrastructures, a lot of local users still prefer to use conventional payment apps that are based in Europe and the US. However, there are a significant number of users that prefer local payment apps due to its low fees and advantages for Hong Kong-based users.