ASEAN

BIS Plans to Expand World’s Instant Payment Systems
BIS Plans to Expand World’s Instant Payment Systems
July 01, 2024  |  Real-Time Payments

The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...

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Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a...

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Report: Grab Holdings and GoTo Group in Preliminary Merger Discussions
Report: Grab Holdings and GoTo Group in Preliminary Merger Discussions
February 09, 2024  |  Aggregators

Southeast Asian ride-hailing and food-delivery companies Grab Holdings and GoTo Group are reportedly in talks to merge. The companies are in preliminary discussions and are exploring various scenarios for...

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TikTok and GoTo Combine eCommerce Businesses in Indonesia
TikTok and GoTo Combine eCommerce Businesses in Indonesia
January 31, 2024  |  eCommerce

TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined...

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Monetary Authority of Singapore Unveils Plans for Digital Money 
Monetary Authority of Singapore Unveils Plans for Digital Money 
November 16, 2023  |  CBDC

The Monetary Authority of Singapore (MAS) has unveiled a series of initiatives aimed at ensuring the secure and innovative utilization of digital money in the country.  These...

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Yedpay and Mastercard Introduce ‘One Touch’ Payment Solution
Yedpay and Mastercard Introduce ‘One Touch’ Payment Solution
November 10, 2023  |  Real-Time Payments

Yedpay, a Hong Kong-based payment technology company, has partnered with Mastercard to provide a new payment tool for real-time cash flow.  Through their collaboration, they aim...

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New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
September 28, 2023  |  Social Commerce

TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules...

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Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
Singapore’s Grab Looks to ‘Affordability Initiatives’ to Cement Super App Status
August 23, 2023  |  Mobile Applications

Southeast Asian super app provider Grab remains optimistic on longer-term growth prospects, company executives said on a Wednesday (Aug. 23) second-quarter 2023 earnings call, highlighting how...

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Indonesia’s Blibli Targets $528M IPO for November
Indonesia’s Blibli Targets $528M IPO for November
October 17, 2022  |  IPO

Indonesian eCommerce company Blibli is set to go public next month with an initial public offering (IPO) worth up to $528.9 million. According to published...

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