Fintech

The Monetary Authority of Singapore is teaming up with UOB, Element AI, HSBC, IAG Firemark Labs, and Gradient Institute in the first phase.

In 2018, CCI had slapped a fine of USD 21 million on Google for “search bias” and abusing its “dominant position”.

The Singaporean fintech will use the funding to speed up its transformation into a fully-fledged financial services platform.

Hong Kong has seen a threefold jump in transaction volume passing through the Hong Kong Monetary Authority’s Faster Payment System.

Shunned in the West, the QR code underpins China’s cashless economy and coronavirus tracing efforts. Now it could be part of Apple’s new Gobi AR app.

Kitabisa has collected USD 10 million in donations for aid related to COVID-19.

Shopee orders are up 111.2% year-on-year, while Garena’s paying users grew by 72.5% to 35.7 million.

Since the online insurance was introduced in April 2020, around 222,000 users have signed up for the services.