Fintech

Explainer: What is ueno bank and how did it trigger Paraguay’s political crisis?

The authorities say the crisis is limited to ueno and does not reflect broader weaknesses in Paraguay’s banking system.

Paraguay President Pena steps down as banking crisis sows political chaos

Paraguay President Santiago Pena, an ally of US President Donald Trump, lost the backing of members of his own conservative party ahead of the impeachment debate.

Visa setting up 6 hubs for emerging tech at new centre in Singapore

Visa’s new hubs will build capabilities in agentic artificial intelligence, next-generation payments and trusted commerce.

Revolut to open new Singapore office, will invest $350m and grow headcount here to 300

Revolut Singapore CEO Raymond Ng said the new office launch is a milestone for the business here.

Grab to buy majority stake in Singapore firm Atome for $1.9b in fintech bid

Shares of Grab have declined almost 40 per cent in 2026.

Revolut says some customer data was exposed in e-mail based scam

Revolut systems and customer funds are unaffected, said the London-based fintech firm.

Singapore commits $220 million over three years to drive fintech innovation

Deputy Prime Minister Gan Kim Yong said the measures are aimed at helping Singapore’s fintech sector to capture new growth opportunities.

Advent, Stripe abandon $63.5b pursuit of fintech pioneer PayPal

PayPal has struggled with modernising its payment technologies as rivals have seized market share.

Fintech firms from Airwallex to Revolut are on hiring spree in S’pore amid AI-driven boom

Critical thinking and strong domain knowledge are among traits that these firms look for in candidates.

Visa to cut 7% of workforce as CEO seeks to revamp payments firm

Visa reportedly intends to reinvest in consumer payments, commercial and money-movement solutions and value-added services.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.