Australian Banks Pilot Fraud Intelligence Sharing Network
Weekly APAC news up to Wednesday, 27th of November 2024.
👀 NEWS HIGHLIGHT
Crypto.com has partnered with Triple-A to allow users to make purchases from various online merchants directly with crypto.
This service, starting in Singapore, will enable users pay with crypto from their Crypto.com wallet without the need to convert it to local currency, and also earn crypto rewards on their purchases.
Triple-A’s technology handles the conversion process seamlessly in the background.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ Checkout.com expands in Japan to strengthen its global presence.
⭐️ Australian banks pilot fraud intelligence sharing network.
⭐️ Adyen goes live with Tap to Pay on iPhone with launch partner NewStore in New Zealand.
⭐️ TBC Uzbekistan announced the opening of an in-house processing centre.
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AUSTRALIA 🇦🇺
Hejaz launches Australia’s first halal investment app to offer Australia’s growing Muslim community convenient and straightforward access to a broad range of Shariah-compliant financial products and services. Continue reading
Westpac to boost business banking. Westpac aims to recruit 200 additional business bankers over the next three years to enhance support for Australia’s rapidly growing SME sectors. The initiative could boost its business banker team by up to 40% by the end of 2027.
SINGAPORE 🇸🇬
GXS Bank set to launch business banking offerings in early 2025, starting with Singapore, as part of its efforts to expand offerings and serve underserved segments across Southeast Asia. The services will initially target sole proprietorships and micro-businesses.
bolttech to fuel growth with US$50 Million venture debt facility from HSBC. The funding is intended to support bolttech’s market expansion, technology development, and operational flexibility. A partner since 2019, HSBC has supported Bolttech’s growth in over 14 countries, including ventures into embedded insurance.
INDIA 🇮🇳
Payment solutions provider PeLocal secures $2m seed funding. The new funds aim to expand the platform and enhance strategies for large-scale projects. The company targets 10 million monthly transactions on WhatsApp within the next year.
PHILIPPINES 🇵🇭
Philippines to boost FinTech oversight after top e-Wallet glitch. The Philippine central bank plans to tighten oversight of FinTech platforms as it investigates unauthorized deductions on GCash accounts.