Tonik secures $6 mn funding to launch digital bank in the Philippines
Investors who took part in the funding round include Insignia Ventures Partners and Credence partners...
Tag : banking
Morgan Stanley to acquire online trading firm Etrade for $13 bn
The acquisition will allow Morgan Stanley to tap into Etrade’s 5.2 mn retail investors...
Axiata in talks with 11 parties for digital banking licence in Malaysia
The digital bank could go online by mid-2021...
Emirates NBD Egypt is first in MENA to use switch technology for card payments
Mastercard World Switch Card will interlink both credit and debit accounts, allowing cardholders to switch to either for payments...
MUFG to invest over $700 mn in Singapore’s Grab
Both parties will jointly develop financial services such as insurance which will be available on Grab’s app...
SoftBank targets Latin America with additional $1 billion fund
SoftBank will target ecommerce, healthcare, fintech, mobility and insurance startups in the region...
CGS-CIMB launches online stock trading platform for retail investors
The online trading platform, called iTrade, is also designed to attract students in Indonesia...
South Africa to set up wealth fund, state bank to improve financial access
The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address...
Thailand to introduce QR code for cross-border payments in Asean
Cross- border QR code payments to Singapore, Myanmar and Cambodia will be available by mid-2020...
CEO: Further acquisitions a possibility for Union Bank in 2020
The bank is focusing on expanding its digital presence...