Wirex Registers as a Digital Currency Exchange Provider in Australia
Weekly APAC news up to Wednesday, 12th of March 2025.
👀 NEWS HIGHLIGHT
The funding round will help Klaim strengthen its presence in the UAE and extend its operations into Saudi Arabia, Oman, and other markets.
The company aims to reshape the healthcare financial landscape by expediting medical insurance claim payments and improving cash flow for healthcare providers in the MENA region.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ FinTech Galaxy and ProgressSoft Join Forces to Advance Open Banking in MENA.
⭐️ Visa launches Tap to Add card in Saudi Arabia.
⭐️ August raises $10M led by Dragonfly Ventures for crypto prime brokerage.
⭐️ Hex Trust Receives Major Payment Institution License From the Monetary Authority of Singapore.
AUSTRALIA 🇦🇺
Wirex secures registration as a digital currency exchange provider in Australia. The firm aims to enhance the user experience, providing seamless crypto payments, secure digital asset management, and increased financial inclusion for Australian customers.
QATAR 🇶🇦
Ooredoo upgrades mobile payment security; partners with Evina. Through this partnership, digital service merchants using Ooredoo’s carrier billing will have access to Evina’s advanced fraud detection and prevention system, allowing them to proactively detect and block fraudulent transactions in real time.
UNITED ARAB EMIRATES 🇦🇪
Al Etihad Payments and UnionPay International launch co-badge card. The cards will operate on Jaywan’s domestic payment network within the UAE, ensuring seamless local transactions. Internationally, the cardholders will benefit from the extensive UnionPay network, enabling effortless transactions across more than 180 countries and regions.
INDIA 🇮🇳
Lloyds shifts skilled IT jobs from UK to India. The British bank is hiring hundreds of IT engineers in the country while planning to cut hundreds of similar jobs in the UK, in a move that will result in almost half of its engineers being based outside its home market by the end of the year.
JAPAN 🇯🇵
Smartpay announces Japan's first "Embedded Insurance Service" in BNPL in partnership with Chubb. Through this partnership, the company is bringing innovation to the insurance industry. By providing solutions at the moment of need, it is also transforming the nature of insurance.
Bank of America CEO willing to hire in Japan as Market Revives. Brian Moynihan joins a chorus of financial industry leaders who have lauded Japan’s revival as companies respond to pressure to boost value for shareholders. Continue reading