Money

ST Engineering sets up US$150m corporate venture capital unit, opens innovation lab

ST Engineering on Tuesday said it has set up a corporate venture capital unit to invest in promising technology startups and early-stage companies, offering not just funding, but also access to the...

Banks go digital with services for startups and SMEs

TWO local banks have launched digital services to help startups and small and medium enterprises (SMEs) with their administrative processes, with one bank claiming that it has cut down the process...

E-payments in Singapore get a Stripe fillip

ADVANCEMENTS in digital payments shaped Singapore's payments landscape in July, allowing many Internet businesses to sell to a wider audience and more quickly adapt to "new retail", a phenomenon...

Singapore retailers can move faster to embrace 'new retail'

WHILE Singapore retailers are innovating and coming to terms with e-commerce, they can move even faster to adapt to "new retail", said observers. "New retail", a phenomenon recently coined by...

OCBC's Pay Anyone app now generates QR codes for payment

OCBC Bank has introduced a new feature to its Pay Anyone app, which will allow users to generate their own unique QR codes to receive payments from or send money to other users of the app.

More people paying via phone apps: Poll

On-demand services, such as those provided by ride-hailing and food and grocery delivery apps, are driving up mobile payment use in Singapore, according to a Visa survey.

Men dominate in the crowdfunding arena

MEN are from Mars and women, from Venus, or so a book of this title observes - and it would seem it is the case even in the sphere of seed crowdfunding as a means of raising capital.

BNP Paribas targeting investments from German SMEs into Asean

BNP Paribas is targeting investment flows from Germany's Mittelstand - the bloc of small and medium businesses in the eurozone's largest economy - into Asean, tapping into a niche space that plays to...

Tencent's WeChat Pay seeks licence for local payment services in Malaysia

[HONG KONG] Tencent Holdings has applied for a licence in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong...

Series B deals point to interest in early growth-stage startups

MORE than US$70 million in Series B funding has been reportedly raised by Singapore or Singapore-backed startups of late - pointing to a plausible growing interest among investors in early growth-...