UK fintech firm TransferWise to link up with payments infra in Singapore, HK


Competition in digital payments in Hong Kong, Singapore and across Asia is becoming increasingly fierce, as traditional financial institutions and new technology firms from around the world vie for dominance both within markets and in cross border payments.

People Digest: Hussain is HSBC Singapore chairman; TransPacific names HK director

TransPacific Group, a placement agent for Asian institutional investors, has appointed Akito Hattori as a director in its Hong Kong office

Grab hires former Amazon exec Mark Porter as CTO for transport

In this newly created role, Porter will oversee Grab’s technology infrastructure and transport business teams, including private-car hires, taxi-hailing, motorbike taxis, carpooling and multimodal services.

Singapore Digest: Boost bags funding from Swiss EHL; Tamedia backs Helpling

Singapore-based mobile learning tech firm Boost has received an undisclosed sum from École hôtelière de Lausanne.

L Catterton Asia looks to close third fund early next year at $1.5b

In June this year, the vehicle had announced an initial close of $844.4 million in a filing with the US SEC.

SG’s Hyflux to sell majority stake to Indonesia’s Salim Group, Medco

Salim Group and Medco Group agreed to acquire 60% of Hyflux for S$400 million ($290 million), a move that gives it a lifeline for its struggling business.

Decacorn Capital to raise $50m fund, ties up with Chinaccelerator

In two years, Decacorn has made 18 investments – nine in the US, six in Israel and the rest across Asia.

With tech, we can bring healthcare closer to people: HealthXCapital’s Seemant Jauhari

The Singapore-based healthcare fund is side-stepping the cash burners like genomics and biopharma to focus on devices, diagnostics and digital health.

Singapore’s GIC set to acquire premium Perth tower for $228m: Report

GIC is believed to be the winning bidder to acquire the premium-grade tower for $228 million.

Credit management firm AsiaCollect makes India foray with Creditseva acquisition

AsiaCollect estimates the Indian unsecured consumer NPL market is worth around $150 billion and is expected to grow at 24-25 per cent by 2020-21.