Checkout.com and Tabby Expand BNPL in the UAE and Saudi Arabia
Weekly APAC news up to Wednesday, 19th of March 2025.
👀 NEWS HIGHLIGHT
Checkout.com, a leading global digital payments solutions provider, has partnered with Tabby, the financial services and shopping app, to offer flexible and high-performing payment solutions to merchants in the UAE and Saudi Arabia.
This partnership integrates Tabby’s popular BNPL solutions directly into Checkout.com’s platform, allowing merchants to offer consumers seamless, flexible payment methods at checkout.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ Bybit Card marks 2nd anniversary with 1.5mln cards issued.
⭐️ PXPay Plus 1st Taiwan e-wallet brand to launch in South Korea.
⭐️ Pine Labs and Visa team up to offer Instalment Solutions in Southeast Asia.
⭐️ K bank pursues IPO for third time.
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SINGAPORE 🇸🇬
ZEN.COM has announced the opening of its new office in Singapore, marking a significant step in its expansion across Southeast Asia. The Singapore hub will serve as a key operational center, strengthening the company’s presence in the region and fostering closer collaboration with partners and customers.
RedotPay secures $40 million series A funding to accelerate global crypto payment solutions. With the new funds, it plans to accelerate its product roadmap, enhance its payment ecosystem, reinforce regulatory compliance frameworks, and expand its licensing footprint across multiple jurisdictions.
UNITED ARAB EMIRATES 🇦🇪
Crypto.com to become exclusive crypto partner for Tawasal Al Khaleej. The integration will unfold in two stages: Tawasal will first refer Crypto.com to local and Middle Eastern partners, expanding its regional presence. Then, Crypto.com will be integrated into Tawasal’s Superapp, offering its services to nearly 4 million users.
Ripple secures DFSA License to offer regulated crypto payments. The approval makes Ripple’s seamless global payments product available for businesses in the UAE, and reinforces its role as a trusted partner for financial institutions using digital assets to drive real-world utility.
Mastercard partners with CredibleX to empower SMEs with enhanced access to financing. This innovative partnership provides CredibleX with enhanced data-driven insights based on anonymized and aggregated transaction data. It will empower small and medium enterprises by simplifying their access to financing.
Finseta secures licence to expand payment services in the UAE. This license allows the company to offer multi-currency accounts and payment services to businesses and individuals across the country through its proprietary technology platform.
Mastercard and AEP team up to launch debit and prepaid cards in the UAE. The partnership aims to broaden the payment horizon in the region and increase security and convenience. Read the full article
INDIA 🇮🇳
Groww in acquisition talks with PayU-backed Fisdom, others in diversification push. This potential acquisition aligns with Groww's strategy to diversify beyond its core derivative trading business, which has faced regulatory challenges affecting its user base.
State Bank of India to set up an AI FinTech project finance unit. The strategy is set to diversify its project finance efforts, as well as target sectors that are currently benefiting from increased infrastructure spending under the government upgrades.
MOVERS & SHAKERS
Digital bank Up lands new CTO Meera Shanaaz Aneez. Her role as CTO includes overseeing Up’s technical strategy, ensuring the platform continues to scale, and delivering innovative solutions to enhance the banking experience for customers.