APAC

Thunes’ ‘Pay the World’ Vision Now Includes WeChat’s 1.3B Users
Thunes’ ‘Pay the World’ Vision Now Includes WeChat’s 1.3B Users
November 22, 2022  |  Digital Payments

Thunes has teamed up with China’s Tencent Financial Technology, allowing members of the Thunes network to send payments to the 1.3 billion users on Tencent’s...

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FinTech WeLab Considers $250M Funding Round for APAC Expansion
FinTech WeLab Considers $250M Funding Round for APAC Expansion
November 21, 2022  |  Investments

Hong Kong-based lending FinTech WeLab is reportedly considering a new funding round that could value the company at about $2 billion. The company hopes to...

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Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
November 18, 2022  |  Cryptocurrency

Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter...

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Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
Only 20% of Direct-to-Consumer Merchants Sell to APAC Consumers
November 17, 2022  |  Cross-border Payments

Direct-to-consumer (D2C) businesses may not have much of a presence in the Asia Pacific (APAC) area, but with significant investments planned in the near future,...

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Flywire Teams With HDFC to Streamline Education Payments
Flywire Teams With HDFC to Streamline Education Payments
November 17, 2022  |  Payment Methods

Payments software company Flywire has teamed up with India’s HDFC Bank to help students in India pay education fees at institutions around the world. The companies...

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Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
November 17, 2022  |  Partnerships

Digital transformation firm Globant has acquired digital commerce specialist eWave to reinforce Globant’s capabilities and support its expansion into Australia and several Asian countries.  The acquisition will add eWave’s...

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Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022  |  Legal & Regulation

Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and...

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Opn Enters US Payments Market With $400M MerchantE Deal
Opn Enters US Payments Market With $400M MerchantE Deal
November 15, 2022  |  Partnerships

Japanese FinTech unicorn Opn has entered the American payments market with its purchase of MerchantE, a B2B digital commerce platform. “With the acquisition, Opn’s global...

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Indian FinTech Lentra Nets $60M on $400M Valuation
Indian FinTech Lentra Nets $60M on $400M Valuation
November 14, 2022  |  Investments

India-based lending software provider Lentra has raised $60 million in a Series B funding round and said it will use the new capital to expand...

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