Saudi Arabia’s NCB and Riyadh Bank end merger talks
The two Saudi banks failed to agree on a valuation...
Tag : banking
UOB, DBS lend $945 mn green loan to Allianz, Gaw
Singapore banks along with Standard Chartered will finance both companies’ $1.575 billion joint acquisition of Duo Tower and Duo Galleria...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
Bangkok Bank buys nearly 90% stake in Bank Permata for $2.7 bn
The Thai lender seeks to explore new markets to strengthen its presence in Southeast Asia...
Safaricom’s Mali to take on banks through mobile saving service
The new investment tool, powered by M-Pesa, will offer an interest rate of 10% per year...
Grab launches SE Asia’s first numberless card
The GrabPay card, launched with a collaboration with Mastercard, is currently available in Singapore...
Nigerian fintech Migo raises $20 mn for Brazil expansion
Investors participating in the funding round include Valor Capital, the Rise Fund and Velocity Capital...
SoftBank invests $100 mn in Mexican fintech Konfio
This is Softbank’s third investment in Mexico reflecting its interest to promote new technologies...
Mobile Money in Nigeria: Will MTN succeed where others failed?
While mobile money is already a success in Kenya, Nigeria is finally adopting the right policies to make it a success...
Foreign resident deposits in Singapore banks hit S$49.76 bn
The deposits has been increasing every month since April...