Payments

Central bank instructed to develop blockchain-based digital money.

Binance faces potentially hefty financial penalties in Thailand, and the company’s staff could be jailed.

Southeast Asia is one of the most rapidly digitalizing regions in the world, with 70% of the region’s population online in 2020, according to the report.

Despite the trials, lotteries, and promotional campaigns by the government and banks for China’s digital currency, few people see a reason to jump on board.

Pine Labs is reportedly looking at an IPO in the US within the next 18 months.

Google, Amazon, and Facebook’s messaging platform WhatsApp, have been making strides to position themselves among the top players in India’s fintech market.

The acquisition was made through MoMo Innovation Ventures, which was launched this year.

In May, Walmart-owned PhonePe signed the term sheet to acquire an over 90% stake in Indus OS, to boost its super app dream on the back of the latter’s content and app discovery platform.