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Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024.
SC Ventures, Standard Chartereds fintech investment arm, has launched Labamu , an invoicing and billing platform for APAC small and medium enterprises (SMEs). Featured image credit: Edited from Freepik The post SC Ventures Launches Labamu to Aid APAC SMEs with Billing, Financial Tools appeared first on Fintech Singapore.
Fraud in Asia Pacific’s fintech and healthtech industries has risen sharply over the past year, according to new data from global verification provider Sumsub. The study also highlights a significant rise in synthetic identity document fraud, which increased by 233 percent across APAC, outpacing the global rise of 195 percent.
Among the 2025 honorees, 13 companies come from Asia-Pacific (APAC), underscoring the regions growing impact on cross-border transactions. The 13 APAC companies featured this year span a diverse range of industries, including telecoms, financial institutions, tech giants, and fintech startups.
Featured image: Edited by Fintech News Singapore, based on image by EyeEm via Freepik The post Worldpay Expands APAC Footprint with Entry into Thailand appeared first on Fintech Singapore. said Gabriel de Montessus, President of Global Enterprise at Worldpay.
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik The post Mastercard Rolls Out First-Party Trust in APAC and Beyond to Address Friendly Fraud appeared first on Fintech Singapore. said Johan Gerber, Executive Vice President, Global Head of Security Solutions at Mastercard.
said Simon Davies, Regional President, SAP APAC. Featured image credit: Edited from Freepik The post SAP Appoints Peter Moore as APAC Partner Ecosystem Head appeared first on Fintech Singapore. Peter brings a wealth of experience and a proven track record in building and managing successful partner programs.
The e-wallets in APAC adoption are surging, transforming how millions manage their financial transactions. The two groups have set industry standards and earned recognition as Leaders in Forresters Wave evaluation of enterprise fraud management providers in APAC. Smartphones are at the core of this transformation.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financial inclusion challenges with 820 million unbanked and 1.8 billion underbanked adults.
Nine fintech-focused chief marketing officers (CMOs) have been named among the most influential and purposeful marketers in Asia-Pacific (APAC), recognized by Campaign Asia-Pacific and DoubleVerify for their ability to adapt to a rapidly evolving landscape. Goh has been consistently recognized as a leading marketer in APAC.
Jibran Bugvi, Head of Fintech & Business Initiatives at Agoda, said that the partnership supports Agodas need for a reliable and efficient payments system with broad local payment method support. The post Indian Payments Firm Juspay Opens Singapore Office as APAC Hub appeared first on Fintech Singapore.
Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
dtcpay has a strong track record of innovation and achievement in the fintech sector. The post dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025 appeared first on Fintech Singapore. This surge highlights the increasing demand for stability and reliability in digital payments.
Australia-founded global payments platform, Airwallex , has today announced the appointment of Andrew Balint as VP, Marketing, APAC (ex-China). Balint will report to Arnold Chan, General Manager, APAC and work alongside a world-class marketing team headed by Jon Stona, VP Global Marketing. Balint is based in Sydney.
The collaboration builds on their work with major Swiss financial institutions and aims to help APAC banks modernise customer experiences and improve operational efficiency. The company plans to expand its regional presence with a new office in Hong Kong later this year.
The event is expected to bring together leading regulators, fintech executives, banks, and industry disruptors from across the Asia-Pacific region to discuss trends and innovations shaping the financial sector, with a focus on real-world case studies and actionable strategies. Yet, its potential is far from being fully realised.
Gemini shared in a statement, “Singapore has long been the heart of our operations in APAC. ” Gemini has recently made strategic leadership hires in Singapore, including appointing Saad Ahmed as Head of APAC earlier this year to drive regional strategy and regulatory compliance.
This move is part of Thredd ‘s efforts to strengthen its platform, products, and regional support for fintech firms and programme managers worldwide. In Singapore, Hazel Oh takes on the role of Vice President of Account Management for the APAC region. Her appointment aims to strengthen client support and engagement in the region.
Thredd , a leading next-generation global payments processor, today announced four strategic senior appointments to its leadership team, reinforcing its commitment to delivering world-class expertise in supporting fintech organisations and programme managers worldwide.
Top 5 industries globally with the highest fraud ratesIdentity fraud rates in 2024, Source: APAC Identity Fraud Report 2024, Sumsub The rise of AI-driven fraud A separate study by security solution provider Entrust and Docusign, which surveyed over 1,400 organizations globally in Q4 2024, found similar trends. and 2.2%, respectively.
The enhanced agreement will expand the companies’ collaborative efforts beyond Latin America into Africa and Asia-Pacific (APAC), offering customers access to dlocal’s over 900 alternative payment methods (APMs) and the extensive benefits of Spreedly’s vast payment ecosystem in these high-growth regions.
The team will be led by Smrithi Ravi, the companys APAC Head of Engineering, who will relocate from Singapore to oversee the new hub. Smrithi Ravi Smrithi Ravi, APAC Head of Engineering, said, “The teams in Hyderabad will play a crucial role in Wise’s global infrastructure and product development.
Tribe Payments , the digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has become the latest fintech to join the Singapore FinTech Association. We believe that Tribes innovation with its modular issuer and acquirer processing solutions will thrive in the region through Singapore.”
SAP Taulia , a global fintech leader of working capital solutions, has partnered with PayMate , a leading business payment solutions provider, to enhance payment flexibility for businesses in APAC and EMEA 1.
Paul Harapin Small and medium businesses make up over 97% of all businesses in APAC and are the lifeblood of any countrys economy. In fact, some reports show that 70% of APAC SMBs experienced increased revenues after adopting digital payments. said Andrea Baronchelli, CEO and founder of Aspire.
This strategic move reflects Checkout.com’s continued commitment to delivering high-performance, localized payment solutions across APAC, designed to meet the evolving needs of both domestic and global merchants. The post Checkout.com Expands in Japan to Strengthen Its Global Presence appeared first on FF News | Fintech Finance.
Airwallex, a global payments platform, has reported significant growth across the APAC region, with an 83% year-on-year revenue increase and a 49% rise in transaction volume in the third quarter. Our focus remains on supporting e-commerce, travel, trading businesses and fintech startups as they navigate international markets.
SC Ventures , the innovation, fintech investment and ventures arm of Standard Chartered , has launched a new invoicing and billing platform dubbed ‘Labamu’, in a move to increase the prosperity of small businesses across the Asia Pacific (APAC) markets, starting with Indonesia.
It has since evolved into a long-term alliance, reinforcing FPT’s growing presence in fintech. Pham Minh Tuan “Fintech is reshaping the global financial services landscape, and there is a growing demand for trusted partners capable of delivering and scaling innovative, AI-enabled solutions. said Kelvin Tan, CEO at audax.
” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors of payment services to industries across the board, unlocking new revenue streams and driving growth in the digital economy.
Ole Matthiessen Ole Matthiessen, Head of Corporate Bank APAC & MEA and Global Head of Cash Management for Deutsche Bank, said, “We will leverage our broad product capabilities and strong global network to deliver seamless and secure payment solutions to Ant International and its customers in Europe and Asia.
Its clear that APAC isnt just embracing the future of digital payments its defining it. The companys operations are supported by a powerhouse international leadership team that includes Chief Business Officer Carol Grunberg, a veteran of AliPay and Google, and SheueChee Beh, formerly Ubers Head of Payments for APAC.
With HitPay, domestic and cross-border merchants can save up to 50% in payment processing fees compared to traditional card schemes, while accessing customers in Asia Pacific (APAC) markets, which make up 39% of the global GDP.
Tribe Payments , a leading digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has joined the Singapore FinTech Association (SFA). This milestone that builds on Tribes October 2024 expansion into Asia-Pacific (APAC) , marked by the opening of its Singapore office.
said Sukesh Malliah, Vice President – IMT (APAC), TerraPay. The post TerraPay and Whalet Partner to Expand Payout Network for SMEs appeared first on Fintech Singapore.
said Karl Mohan, General Manager APAC & MEA of Crypto.com. Featured image credit: Edited from Freepik The post Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC appeared first on Fintech Singapore. Amnah Ajmal “We are delighted to welcome Crypto.com as a Mastercard Principal Member.
. “The MENA market is, in our opinion, the most exciting the world and is currently seeing a transformation akin to that of LATAM or APAC – yet the information available makes it inaccessible to businesses with a global focus.”
Money20/20 Asia’s show focus, Empowering Humanity Through Collaboration: Pioneering Secure, Frictionless, and Sustainable Fintech Innovation in Asia, explores the future of finance and sustainable, collaborative fintech innovation. The event will feature four innovative stages and speakers from 22 countries, including 15 APAC markets.
Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups. Featured image: Edited by Fintech News Singapore.
Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers. “At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth.
additiv , a Swiss-based fintech firm specialising in embedded finance solutions, has opened a new office in Jakarta, Indonesia, as part of its Asia-Pacific expansion. Featured image credit: edited from freepik The post Additiv Expands in APAC with New Jakarta Office appeared first on Fintech Singapore.
Her expertise in business development, relationship management, strategic planning, and portfolio growth will be instrumental in supporting the companys expansion in APAC. Her expertise and strategic insight will be invaluable as we expand our presence and drive growth across APAC.
Welcome to Edition 59 of The Fintech Times , where we explore how AI is reshaping banking, from boosting efficiency to cutting costs. Across different regions – from Europe and the US to APAC and LATAM – banks are tweaking their AI strategies to their unique market conditions. Happy reading!
Prior to joining OKX , Cooper held significant roles at Zodia Custody as Head of APAC and Australia CEO, and at National Australia Bank (NAB) as Executive, Digital Assets, where she played an instrumental role in shaping the bank’s digital asset strategy and broader digital innovation initiatives.
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