Money

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-...

Equity crowdfunding still a relevant, dynamic financing tool

EQUITY crowdfunding remains a relevant and dynamic market even with the advent of cryptocurrency crowdfunding, which is believed to be the latest innovation in crowdfunding, says Jon Medved, chief...

May bank lending flat but better numbers likely in months ahead

BANK lending growth in Singapore was flattish in May, as weaker lending activity to financial institutions partly offset a spurt in lending for trade-related activities.

Bank lending nudges higher in May: MAS

BANK lending in Singapore in May gained 0.3 per cent from the month before, preliminary data from the Monetary Authority of Singapore (MAS) on Friday showed. Loans through the domestic banking unit...

Big push for digital payments with new p2p fund transfer

SEVEN major retail banks in Singapore are set to launch a peer-to-peer transfer service that promises a seamless way to split the cheque or make home-tutor payments using mobile numbers, with the...

New peer-to-peer funds transfer service from July 10

A NEW peer-to-peer transfer service in Singapore through mobile phones will be available from July 10, the Association of Banks in Singapore said on Tuesday.

ABS unveils new funds transfer facility PayNow which requires only cellphone or identity card number

SINGAPORE - Singapore took another step towards becoming a cashless society on Tuesday (June 27) with the unveiling of a new funds transfer service that requires just the recipient's mobile phone...

Simpler rules to draw more venture capital managers

The booming venture capital industry here is set to grow further in the coming months as new rules kick in to allow start-ups easier access to funding.

SPH-backed MoneySmart gets S$14m Series B

MONEYSMART.SG, a homegrown finance portal that allows users to compare loans, insurance plans and credit cards, has raised S$14 million in Series B funding.