APAC

Microsoft to Invest $2.9 Billion for AI Projects in Japan
Microsoft to Invest $2.9 Billion for AI Projects in Japan
April 09, 2024  |  Artificial Intelligence

Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country,...

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TerraPay Gets Payments License From Singapore’s Central Bank
TerraPay Gets Payments License From Singapore’s Central Bank
April 08, 2024  |  Cross-border Payments

Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in...

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PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
April 04, 2024  |  Investments

India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press...

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Working Capital Fuels APAC High-Growth Corporates
Working Capital Fuels APAC High-Growth Corporates
April 03, 2024  |  Payment Methods

Accessing working capital enables companies to avoid operational disturbances in the short term and power growth for the long term. In the Asia-Pacific (APAC) region,...

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Abandoned Grab-Delivery Hero Deal Got Attention of Singapore Regulator
Abandoned Grab-Delivery Hero Deal Got Attention of Singapore Regulator
April 01, 2024  |  ANTITRUST

A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1)...

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Visa: Tokens Bring $2 Billion ‘Uplift’ to Asia-Pacific Economy
Visa: Tokens Bring $2 Billion ‘Uplift’ to Asia-Pacific Economy
March 26, 2024  |  Payment Methods

Visa said its token service has been a boon for the Asia-Pacific region’s digital economy. The region saw an “uplift” of more than $2 billion last...

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Report: Apple Considers Adding Baidu’s GenAI to Devices in China
Report: Apple Considers Adding Baidu’s GenAI to Devices in China
March 22, 2024  |  Artificial Intelligence

Apple is reportedly in preliminary talks with Chinese tech giant Baidu, exploring a potential partnership to use Baidu’s generative artificial intelligence technology for Apple devices in China....

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NPCI Grants Paytm Approval to Participate in UPI Payments System
NPCI Grants Paytm Approval to Participate in UPI Payments System
March 14, 2024  |  Real-Time Payments

Paytm will be able to participate in India’s instant mobile payments system, Unified Payments Interface (UPI). “Now, officially your Paytm UPI will work,” the company said...

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Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
March 12, 2024  |  Business

All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key...

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