Hong Kong is set to host the ninth edition of Hong Kong Fintech Week (HKFW) from 28 October to 1 November 2024. Themed “Illuminating New Pathways in Fintech,” this year’s event aims to solidify Hong Kong’s position as a leading global financial and fintech hub. The event is organised by InvestHK and the Financial Services [...] The post 30,000 Expected to Attend Hong Kong Fintech Week 2024 appeared first on Fintech Singapore ..read more

Alchemy Pay has announced the integration of Samsung Pay into one of its virtual card services, allowing users to securely and conveniently spend their crypto assets. This update builds on the previous addition of Google Pay, further enhancing the ease of crypto payments for users. With Samsung Pay now available, Alchemy Pay cardholders can make [...] The post Alchemy Pay Users Can Now Spend Crypto via Samsung Pay appeared first on Fintech Singapore ..read more

MoneyHero has launched a new car insurance platform through a partnership with bolttech, leveraging its insurance exchange technology to enhance the consumer experience. This upgraded platform, now live in Hong Kong, offers a more seamless process for car insurance buyers, featuring comprehensive comparison tools and accurate pricing. MoneyHero plans to roll out the platform in [...] The post MoneyHero Launches New Car Insurance Platform With bolttech appeared first on Fintech Singapore ..read more

Taxpayers in Singapore now have access to a quicker and simpler way to manage their tax payments through the new eGIRO service introduced by DBS and the Inland Revenue Authority of Singapore (IRAS). The eGIRO service allows both individual and corporate taxpayers to apply for GIRO online via IRAS’ myTax Portal, streamlining the process and [...] The post IRAS and DBS Launch eGIRO for Faster Tax Payments appeared first on Fintech Singapore ..read more

Fintech firm Surfin has raised US$12.5 million in Series A funding from Insignia Ventures Partners. Surfin began with consumer lending and has since expanded into various financial services, including payments, remittance, credit card issuance, and wealth management. The company leverages AI and data analytics to support its operations, enabling it to provide scalable financial services [...] The post Bootstrapped Fintech Surfin Lands US$12.5M in First External Funding Round appeared first on Fintech Singapore ..read more

Tenity, an innovation ecosystem specialising in early-stage fintech startups, is inviting applications for the ninth batch of its accelerator programme in Singapore. The Tenity Singapore Fin/Tech Accelerator programme aims to support early-stage companies looking to grow and enter new markets. The programme offers startups pre-seed investment of SGD 70,000 in exchange for 2.5% equity, along [...] The post Tenity Opens Applications for Singapore Fintech Accelerator appeared first on Fintech Singapore ..read more

The Monetary Authority of Singapore (MAS) has released a consultation paper, inviting public feedback on its proposed regulatory framework for Digital Token Service Providers (DTSPs). The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). The consultation paper outlines MAS’ proposed [...] The post MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers appeared first on Fintech Singapore ..read more

Japan’s JCB International has expanded its partnership with Canadian payments firm Nuvei. This enables businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform. The partnership allows merchants integrated with Nuvei to accept payments from JCB’s 158 million cardholders. This expansion builds on their existing collaboration in Europe [...] The post Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei appeared first on Fintech Singapore ..read more

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, announced that crypto exchange Bitstamp has added XSGD to its platform. XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users. XSGD [...] The post StraitsX’s XSGD Expands Reach with Bitstamp Listing appeared first on Fintech Singapore ..read more

Digital bank GXS has launched the GXS FlexiCard, a credit card that charges flat fees on outstanding balances rather than traditional revolving interest. This card is designed for consumers who may struggle to access credit products due to being new to credit or having limited credit history, such as new professionals, gig workers, and entrepreneurs, [...] The post GXS Bank Rolls Out Credit Card with Flat Fees Instead of Compounding Interest appeared first on Fintech Singapore ..read more