APAC

NYC Dethrones Hong Kong as Most Expensive Retail Center

NYC Dethrones Hong Kong as Most Expensive Retail Center
NYC Dethrones Hong Kong as Most Expensive Retail Center
November 23, 2022  |  Retail

Continued COVID-19 restrictions in China have stripped Hong Kong’s famed luxury district of its title as the world’s most expensive retail destination, a mantle that...

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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. Get the Full Story...

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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. Get the...

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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.  Get the Full Story Complete...

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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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