Philippines: Netbank, UBX to Extend Loans to SMBs Selling via Digital Commerce Platforms Crowdfund Insider, Posted August 9, 2023 Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require […]
Monetary Authority of Singapore (MAS) Enables Online Nomination of Insurance Beneficiaries Crowdfund Insider, Posted July 27, 2023 The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 […]
MyShubhLife augments access to credit for PayWorld’s merchants The Paypers, Posted July 6, 2023 India-based embedded finance platform MyShubhLife has partnered with fintech PayWorld to provide the latter’s retailers with easy access to credit. Through its embedded technology, MyShubhLife will leverage the vast retailer base of PayWorld to provide merchants with flexible and affordable credit offerings that are easily […]
IFC partners with Philippine Central Bank The Paypers, Posted June 22, 2023 The International Finance Corporation has announced its partnership with Bangko Sentral ng Pilipinas and World Bank to launch the Open Finance PH Pilot. Following this collaboration, the financial institutions will focus on developing the Open Finance ecosystem for Philippine-based companies and customers. The initiative aims to […]
Financial Technology Collaboration: Philippines Signs MoU with Indian Government to Enhance Cooperation in Fintech Crowdfund insider, Posted June 20, 2023 Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran signed a memorandum of understanding (MOU) on June 19, 2023 at the Department of Finance (DOF) office in Manila “to […]
Revolut launches new feature for Singapore customers The Paypers, Posted May 8, 2023 Global neobank Revolut has announced a new feature that will enable Singapore customers to link with 6 different bank accounts for in-application top-ups.The feature was enabled by the electronic General Interbank Recurring Order (e-Giro). Its technology was set to authorise top-ups from […]
iFAST launches digital banking platform The Paypers, Posted April 26, 2023 Singapore-based company iFAST has launched its digital personal banking platform, focused on offering access to personal banking services to global customers. Following this launch, the company will have the possibility to provide its DPB customers around the world with online personal banking services. They will also […]
Brother International Singapore partners with Esker The Paypers, Posted April 14, 2023 Brother International Singapore has partnered with Esker to automate the full procure-to-pay cycle, including supplier management and contract management. Brother International Singapore recognised the need for optimised procedures and simplified workflows as a producer of electronics and electrical equipment. Long payment processing times, a lack of […]
UGRO Capital Limited announces its equity capital raise The Paypers, Posted April 12, 2023 India-based fintech startup UGRO Capital Limited has announced its second equity capital raise, as subject to customary closing conditions. The announcement represents one of the steps that UGRO Capital has taken to enter into a definitive investment agreement with IFU, an independent Denmark-based […]
Central banks see future for global instant payments via mobile phones Finextra, Posted March 23, 2023 Central banks in Italy, Malaysia and Singapore have laudeed successful tests of cross-border instant payments via mobile phones. The year-long tests were overseen by the Bank for International Settlements Innovation Hub in Singapore under the banner Project Nexus. Test […]