Fintech

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.

Crypto exchange Coinbase opens new office in Singapore, will expand hiring

(From left) Coinbase country director for Singapore Hassan Ahmed, chief fintech officer at MAS Kenneth Gay, Coinbase managing director for Asia-Pacific John O’Loghlen, VP of Digital Industry Singapore at Economic Development Board Seah Yueh Chinn, Coinbase senior director of engineering David Ko at the opening of Coinbase’s Singapore office.

PayPal receives $68 billion takeover offer from Stripe, Advent: Sources

The offer, submitted earlier in July, is backed by about US$50 billion in committed financing from banks, said one of them.

Income to sell digital insurance platform Hive to Singapore fintech firm Embed Financial Group

Developed by Income over the past five years, Hive is a technology platform that helps insurers create, distribute and manage insurance products.

India’s Paytm plans to hire 4,000 people in AI pivot as it cuts 400 staff

The digital payments operator has been revamping its business after Indian regulators targeted its banking affiliate two years ago.

Money transfer giant Wise sees shares sink on money laundering probe

Belgian prosecutors are in the advanced stages of an investigation into Wise, on suspicions criminals used its accounts for money laundering.

New NTU institute to deepen research at the intersection of AI, finance and society

Minister for Digital Development and Information Josephine Teo (centre) at the launch of the Global Institute of Finance, Technology, and Society on May 30.

Anthropic’s Mythos is a warning shot. Singapore’s banking system needs to be ready

Frontier AI is no longer just a story about productivity tools or consumer applications, says the writer. It is becoming a question of critical infrastructure and more.

Russian expats in Phuket want to pay with stablecoins

It’s only a matter of time before authorities across South-east Asia allow crypto firms to also act as regular payment-service providers.

S’pore-based fintech firm 2C2P courts merchants entering South-east Asia

2C2P and Antom worked together to support Chinese toy and food and beverage companies eyeing South-east Asia with payment solutions.

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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.