Airwallex Enables Businesses to Collect and Hold Funds in Israeli Shekels
Weekly APAC news up to Wednesday, 9th of April 2025.
👀 NEWS HIGHLIGHT
Bank payment company GoCardless has announced a partnership with Optty, a payments API platform, to help medium and large Australian businesses to simplify their payment processes, operate more efficiently, and scale with ease.
This will allow customers to collect bank payments directly within the Optty platform, without the need to build their own integration or manage multiple providers. As a result, merchants can easily collect recurring payments around the world through GoCardless, with Direct Debit in over 20 countries and 7 currencies.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ Airwallex enables businesses to collect and hold funds in Israeli Shekels.
⭐️ Fiserv acquires Pinch Payments to boost APAC payment services.
⭐️ FOMO Pay Adds Vietnam to Cross-Border Network with Launch of VND Accounts.
⭐️ TBC Bank Uzbekistan secures $20 million in debt financing.
AUSTRALIA 🇦🇺
Aussie paytech Fat Zebra continues expansion with SecurePay acquisition. The acquisition will see the company add thousands of active merchants to its customer base, help bolster its local position, and enhance the company's ability to provide a comprehensive suite of payment solutions, spanning enterprise, platform, and SMB segments.
SINGAPORE 🇸🇬
Project Nexus partners incorporate Nexus Global Payments to run the cross-border payment scheme and search for technical operator commenced. Project Nexus is designed to standardise the way domestic instant payment systems (IPS) connect to one another.
Aspire secures license to launch investment service. This allows Aspire to offer regulated investment solutions for businesses in Singapore. With this license, it plans to launch Aspire Yield, an investment solution integrated into its business account platform.
UNITED ARAB EMIRATES 🇦🇪
Fuse raises $6.6M to fix a payment problem for companies expanding to MENA. Fuse plans to use the fresh capital to grow its team, secure additional regional licenses, and expand its product suite beyond the UAE. Continue reading
EGYPT 🇪🇬
UAE’s Maseera acquires Egyptian FinTech ADVA. By integrating Maseera’s advanced AI technologies, the combined platform is poised to redefine the customer experience in digital finance, creating faster, more inclusive, and highly personalised lending solutions for underserved populations across Egypt.
e& Egypt launches instant international money transfer via digital wallet. This new feature allows customers to receive money from UAE and Saudi Arabia instantly and securely without visiting branches or intermediaries. This comes as part of a strategy aligned with the Central Bank of Egypt’s efforts to promote financial inclusion and reduce the nation’s reliance on cash-based transactions.
INDIA 🇮🇳
Scapia raises $40 Mn in Series B led by Peak XV. The funding will enable the company to strengthen its team, enhance its product offerings, harness the power of AI and accelerate its ambitious growth plans, Scapia said in a press release. Read more
Razorpay POS sees surge in offline payments across merchant network. The company recorded growth across categories such as bookstores, cafés and restaurants, among others, between April 2024 and March 2025, based on data from its merchant network, considering only weekdays (Monday to Friday).
Paytm launches MahaKumbh soundbox to boost merchant payment efficiency. This innovative device is designed to empower merchant partners with real-time payment alerts, a digital display, and advanced tracking features. Keep reading
Navi Technologies plans to go public this fiscal year. Sachin Bansal, founder and executive chairman of the FinTech firm Navi Technologies, said that he would look at a public listing in the current financial year to raise more capital, which the company needs at this stage.
Juspay secures $60 Mn to boost payments infra with AI. The startup plans to deploy the fresh capital to fuel its AI capabilities and drive innovations to boost workforce productivity and merchant experience. Read more
Tata Capital files confidential DRHP for mega Rs 15,000 crore IPO, aiming to list shares by September 2025. The IPO will include new shares and stake sales from Tata Sons. Tata Capital showed significant financial growth, with a revenue jump of 34% in FY24.
Easebuzz secures $30 million in funding led by Bessemer Ventures. The funding will help accelerate the FinTech company’s product portfolio in online payments, expand its vertical Software-as-a-Service offerings, and venture into offline payment solutions, including point-of-sale and UPI QR-based Soundbox solutions.
Revolut gets RBI nod for PPIs, wallets. With the PPI license in place, Revolut can now offer both international and domestic payment solutions under one platform in India. Through its mobile wallet product, Revolut will also be able to offer UPI payment services to its Indian customers.
PHILIPPINES 🇵🇭
Additiv expands its presence in APAC. This strategic presence will enable the firm to collaborate more closely with its clients and partners, ensuring seamless integration of its platform solutions into the Philippine financial ecosystem. Read more