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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

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SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm

PYMNTS

Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. Freire added that Argentina, Brazil, Chile, Colombia and Mexico “are in the spotlight,” and there’s no “preset amount by nation.”.

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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. of India (NPCI).

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Wirecard, Ctrip Roll Out Multi-Currency Card; Missguided Launches ‘Pay Later’ Option

PYMNTS

Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. The card will support currencies from Australia, Japan and the U.S., In the U.K., ”

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

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The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 Shares were reportedly bought from current investors PT Koin Investama Nusantara Ltd. and PT Danadipa Artha Indonesia.

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Kuwait Debuts FinTech Sandbox

PYMNTS

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

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