India’s Fintech M&A Count Hits 30 in 2023, Lending Sector Tops List Crowdfund Insider, Posted February 24, 2024 Lending Fintech companies accounted for 30% of all Fintech acquisitions in India in 2023, highlighting a shift in market dynamics amid growing regulatory pressures, a report from GrowthPal revealed. This surge in acquisitions within the lending sector […]
Mastercard introduces MDES Token Connect in India The Paypers, Posted February 13, 2024 Mastercard has announced the launch of MDES Token Connect in India to support tokenization via mobile and internet banking. According to Mastercard, MDES Token Connect was designed with a consumer-centric approach, supporting issuer-driven tokenization to offer cardholders a secure and convenient means […]
Kyndryl partners with Canara Bank The Paypers, Posted January 19, 2024 IT infrastructure services provider Kyndryl has announced its collaboration with Canara Bank, aiming to optimise the latter’s operations. Through this partnership, Kyndryl aims to improve Canara Bank’s end-to-end IT operations and simplify service delivery across core banking, IT infrastructure, applications, and network operations. Additionally, […]
Mastercard and EedenBull introduce spend management for SMEs The Paypers, Posted November 2, 2023 Fintech EedenBull has teamed up with Mastercard to launch an AI-backed a card and spend management platform for SMEs. As an extension of the two companies’ existing partnership, Mastercard will refer EedenBull’s Q Business platform to its extensive network of customers issuing cards to SMEs. […]
GoTo Financial partners with Bank Jago The Paypers, Posted October 23, 2023 GoTo Financial has partnered with Indonesia-based Bank Jago to launch GoPay Tabungan by Jago, a bank account for daily transactions. GoPay Tabungan by Jago can be accessed directly via the GoPay and Gojek apps, combining the simplicity of the former’s e-money services with the benefits of […]
LPBank, Temenos to update retail and corporate banking The Paypers, Posted October 20, 2023 Vietnam-based Lien Viet Post Joint Stock Commercial Bank (LPBank) has selected Temenos to update its core banking platform for retail and corporate banking. Through this, LPBank replaces its existing system with Temenos’ technology platform, being able to manage customer accounts and transactions across its retail […]
Funding Societies raises USD 27 mln to support SMEs in SouthEast Asia The Paypers, Posted September 26, 2023 Singapore-based digital finance platform Funding Societies has secured USD 27 million in debt funding to bridge the credit gap for SMEs in SouthEast Asia. Funding Societies, part of Modalku Group, is a unified SME digital finance platform in Southeast […]
NEC launches three digital finance solutions for Thai fintech challenges The Paypers, Posted September 15, 2023 NEC Corporation has introduced three modern digital finance solutions that aim to enable the financial industry in Thailand to cope with fintech challenges. The offering comprises Wealth Management Solutions, a Sales Engagement Module, and a Universal Lending Platform. Collaborating with […]
Grab-led digital bank GXBank is approved to operate by BNM The Paypers, Posted September 6, 2023 Digital bank GX Bank Berhad (GXBank), led by superapp Grab has received approval from the Minister of Finance and Bank Negara Malaysia (BNM) to commence operations. The first out of five digital bank licence applicants to be approved, GXBank successfully completed an operational […]
Payoneer Singapore Obtains Major Payment Institution License to Empower SMEs Crowdfund Insider, Posted August 17, 2023 Payoneer Singapore Private Limited, a subsidiary of Payoneer Global Inc. (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized enterprises (SMEs) to transact, do business, and grow globally, has been “granted a Major Payment Institution License […]