PYMNTS-MonitorEdge-May-2024

APAC

OpenAI Names Former AWS President Tadao Nagasaki to Head Japan Operations
OpenAI Names Former AWS President Tadao Nagasaki to Head Japan Operations
April 15, 2024  |  Personnel

OpenAI has tapped the former president of Amazon Web Services’ Japan operations to lead its push into that country. Tadao Nagasaki’s appointment, announced Monday (April 15), comes as the artificial intelligence...

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Lack of Working Capital Hinders Mid-Market Performance in APAC
Lack of Working Capital Hinders Mid-Market Performance in APAC
April 15, 2024  |  Spend Management

The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region...

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Tencent Simplifies Process of Linking International Cards With Weixin Pay
Tencent Simplifies Process of Linking International Cards With Weixin Pay
April 12, 2024  |  Cross-border Payments

Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay.  In addition, Weixin...

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Microsoft to Invest $2.9 Billion for AI Projects in Japan
Microsoft to Invest $2.9 Billion for AI Projects in Japan
April 09, 2024  |  Artificial Intelligence

Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country,...

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TerraPay Gets Payments License From Singapore’s Central Bank
TerraPay Gets Payments License From Singapore’s Central Bank
April 08, 2024  |  Cross-border Payments

Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in...

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PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
April 04, 2024  |  Investments

India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press...

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Working Capital Fuels APAC High-Growth Corporates
Working Capital Fuels APAC High-Growth Corporates
April 03, 2024  |  VISA

Accessing working capital enables companies to avoid operational disturbances in the short term and power growth for the long term. In the Asia-Pacific (APAC) region,...

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Abandoned Grab-Delivery Hero Deal Got Attention of Singapore Regulator
Abandoned Grab-Delivery Hero Deal Got Attention of Singapore Regulator
April 01, 2024  |  ANTITRUST

A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1)...

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Visa: Tokens Bring $2 Billion ‘Uplift’ to Asia-Pacific Economy
Visa: Tokens Bring $2 Billion ‘Uplift’ to Asia-Pacific Economy
March 26, 2024  |  VISA

Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last...

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