APAC

Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a...

READ MORE >
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024  |  eCommerce

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. The Richemont-owned luxury eCommerce platform is moving to focus on its core and...

READ MORE >
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
June 14, 2024  |  Retail

Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. The price cuts reflect growing concerns...

READ MORE >
Ripple Aims to Fund XRP Ledger Projects in Japan and Korea
Ripple Aims to Fund XRP Ledger Projects in Japan and Korea
June 11, 2024  |  Blockchain

Ripple wants to support innovation of the XRP Ledger in Japan and South Korea. The enterprise blockchain and cryptocurrency solutions company announced in a Tuesday...

READ MORE >
China to Help Its eCommerce Firms Go Global
China to Help Its eCommerce Firms Go Global
June 11, 2024  |  eCommerce

China unveiled rules designed to fuel international warehouse construction and expand cross-border eCommerce. The draft rules from China’s commerce ministry cover both incoming and outgoing...

READ MORE >
Paytm Continues to Lose Digital Payments Ground to Google and Walmart
Paytm Continues to Lose Digital Payments Ground to Google and Walmart
June 06, 2024  |  Digital Payments

India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down...

READ MORE >
Revolut to Expand in Asia-Pacific, Build on Success in Australia
Revolut to Expand in Asia-Pacific, Build on Success in Australia
May 31, 2024  |  Digital Banking

London-based FinTech company Revolut has reportedly set its sights on the Asia-Pacific (APAC) region for its global expansion strategy. Charlie Short, head of growth at...

READ MORE >
Grab Teams With OpenAI to Integrate AI in Ride-Hailing, Delivery Business
Grab Teams With OpenAI to Integrate AI in Ride-Hailing, Delivery Business
May 30, 2024  |  Artificial Intelligence

Ride-hailing and delivery company Grab partnered with artificial intelligence firm OpenAI to upgrade its app and integrate AI across its business Grab, which operates in...

READ MORE >
Sunrate and Voxel Partner on Travel Industry B2B Payment Solutions
Sunrate and Voxel Partner on Travel Industry B2B Payment Solutions
May 28, 2024  |  Partnerships

Sunrate and Voxel partnered to make it easier for Voxel and its clients to scale and expand in the Asia-Pacific region. With this collaboration, Sunrate’s...

READ MORE >