Archive
Top 10 Most Well-Funded Fintech Startups in South Korea
South Korea’s fintech industry is set to get a boost this year onwards as the government plans to increase its financial support to the sector and launch new initiatives to help promising companies grow, scale and expand overseas. The Financial
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Innovative Technology Remedies Almost 100% Of Payment Pain Points in APAC
The Asia-Pacific region, with 13 countries that process US$17.8 billion in digital payments per year, tends to invite issues as big as the region itself. As we kick-start 2023, banks and financial institutions (FIs) in the region will be pleased
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Coinbase Shutters Japan Operations, Users Have Until 16 Feb to Withdraw Assets
Cryptocurrency exchange Coinbase said that it will be shuttering its operations in Japan and its users has until 16 February to withdraw their assets. All customers can withdraw their fiat currency and cryptocurrency holdings to other crypto service providers, Coinbase
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South Korean P2P Lender PeopleFund Raises US$20 Million Led by Bain Capital
South Korean peer-to-peer (P2P) lending platform PeopleFund announced that it has raised an additional US$20 million led by existing investor Bain Capital. The round, which was open only to its existing investors, was joined by Access Ventures, CLSA Capital Partners
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5 Hong Kong Fintech Startups Making Inroads in Web3
It has been a tumultuous couple of years for the bustling fintech scene as well as Web3 startups in Hong Kong. As the world grappled with the fallout of the COVID-19 pandemic, US-China tensions, and Hong Kong itself came to
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livi Launches QR Payments Accepted at Over 29 Million Merchants in China
Hong Kong’s livi bank has launched its QR payment feature for the Mainland market, allowing its customers to make cross-border payments there as well as other popular travel destinations such as Japan, South Korea and Thailand. In mainland China, livi
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The Changing Face of Insurance Distribution in Hong Kong — Can Incumbents Keep Up?
In recent years, especially since 2019, there has been a noticeable shift in Asian consumers buying behaviour towards online channels. This holds true for the insurance industry as well, with customers searching for virtual policies in larger numbers. In Hong
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How API Solutions Can Unlock Bond Opportunities
Financial regulations and IT changes are creating an environment where businesses must quickly adapt to stay relevant to their clients. Clients expect a secure, seamless, and efficient way of staying connected with the global markets. Companies are increasingly looking to
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ZA Bank Offers Debt Consolidation Plan With 6-Months Payment Deferment
Hong Kong’s virtual bank ZA has rolled out its new debt consolidation programme ‘Debt Changer’ which seeks to make it easier for customers to repay their debts in one go and improve their credit ratings. The new offering will consolidate
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Jack Ma Steps Down From Ant Group: The Inside Story
Jack Ma, the billionaire founder of Alibaba Group, is giving up control of the fintech unit Ant Group after China cracked down on the tech giant. Ma, one of China’s wealthiest men, has agreed to give up his voting rights
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