Sea Group Acquires Indonesian Bank to Grow Digital Banking
Singapore’s tech company Sea Limited, which owns e-commerce platform Shopee and game developer Garena, has acquired Indonesia’s Bank Kesejahteraan Ekonomi (Bank BKE) by purchasing stakes from existing shareholders, Danadipa Artha Indonesia and Koin Investama...
Siam Commercial Bank Launches USD 50 Million Fund for Blockchain-focused Startups
SCB 10X, the venture arm of Thailand’s Siam Commercial Bank, has announced the launch of a new fund worth USD 50 million. The fund will invest in early- and growth-stage startups worldwide, focusing on blockchain, digital asset, and decentralized finance (DeFi)....
Visa Partners with Moneygram to Launch P2P Payment to Vietnam
MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, and Visa, the world’s leader in digital payments, have launched a real-time peer-to-peer (P2P) payment solution to Vietnam. P2P Payment enables customers to transfer...