China’s Ant Group Unleashes Digital Bank ANEXT In Singapore
China's Ant Group, which is a financial technology (fintech) giant majorly controlled by billionaire Jack Ma, on June 6 confirmed that it has launched a digital wholesale bank that is ...
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Tag: Singapore
Amazon Agrees To A Global Deal With Visa Over Card Fees
Amazon dropped its threat to stop accepting Visa cards across its global operations after it reached an agreement with the card scheme. In January, Amazon deferred previously unveiled its plans ...
Singapore’s DBS Bank Aims To Expand Bitcoin Trading To Retail
DBS Bank’s cryptocurrency exchange launched in late 2021, supporting crypto trading only for professional investors. DBS, Singapore’s biggest bank, is striving to expand its crypto exchange beyond its current investor ...
Singapore Banks Strive To Combat A Rise In SMS Phishing Scams
Banks in Singapore are expected to eliminate clickable links in emails and text messages that are sent to retail clients after a massive spate of SMS phishing scams. The Monetary ...
Revolut Introduces Google Pay To Junior Clients
Revolut is a financial super-app that has over 18 million users globally. On December 24, the company confirmed that it will bring Google Pay to Revolut Junior clients across EEA ...
Do Not Ban Cryptos Instead Regulate Them – IMF Chief Economist
Gita Gopinath, the Chief Economist for the International Monetary Fund (IMF), has urged developing economies to refrain from prohibiting digital assets and instead consider regulating the industry. The IMF Chief ...
SBI Holdings Invests In Singapore-Based Coinhako Crypto Exchange
SBI Holdings, a Tokyo-based financial services giant company, has confirmed a joint investment in Coinhako. Coinhako is Singapore’s first licensed cryptocurrency exchange that is approved by the Monetary Authority of ...
Singapore Suspends Bitget Exchange Over Army Coin Promotion Dispute
The Monetary Authority of Singapore (MAS) has reportedly suspended Bitget crypto exchange after a legal dispute with Hybe, an entertainment management agency for K-Pop boy band BTS. According to an ...
Singapore’s DBS Bank Suffers 2-Day Tech Outage
Summary Singapore's biggest bank faces online banking disruption Bank suffers biggest outage in 11 years Says identified problem, working to resolve issue Users complain about long period of disruption On ...
Peru Partners With India, Hong Kong, And Singapore To Develop CBDC
The Central Reserve Bank of Peru (CRBP) has successfully partnered with monetary authorities from India, Hong Kong, and Singapore to develop its own Central Bank Digital Currency (CBDC). Julio Velarde, ...