India’s XFlow Raises $10.2 Million to Expand Cross-Border Payments Solution
The Indian company XFlow announced that it managed to raise investment funds for $ 10.2 million following the results of the Series A pre-financing round.
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Bali Cracks Down on Crypto
Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency
AFS and Visa to Launch Prepaid B2B Cards in Bahrain and Oman
Arab Financial Services (AFS) announced its SME Partner Programme in collaboration with Visa to launch prepaid cards for businesses in Bahrain and Oman
SoftBank Teams Up With Nvidia to Create Advanced AI Data Centres in Japan
Nvidia and SoftBank are collaborating on a pioneering platform for generative AI and 5G/6G applications which SoftBank plans to roll out across new, advanced AI data centres across Japan
Paysend & Ontop Collaborate on Instant Salary Payments
The collaboration between Paysend and Ontop allows customers and employers to make instant salary payments directly to the local bank cards of remote workers and contractors worldwide
Reserve Bank of Australia Tests CBDC Use Cases in Pilot
In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Neutronpay and Bitnob to Improve Cross-Border Payments Between Asia and Africa
The partnership aims to use the potential of both companies for creating new routes and payment options for bilateral cross-border trade between Vietnam and Africa using the Lightning Network
Credit Suisse Loses Singapore Case Against Georgian Billionaire Ivanishvili
A Singapore court has ordered a unit of Credit Suisse Group AG to pay billionaire Bidzina Ivanishvili $926 million.
Nymbus Lands $70 Million to Help Banks Digitally Transform
Nymbus startup announced the attraction of investment funds in the amount of $70 million following the results of the Series D financing round.
TikTok Tests AI-Powered Chatbot
TikTok is currently testing a chatbot based on artificial intelligence, through which users will be able to search and discover the content they need.
OpenAI Launches Grant Program, Expands iOS App
OpenAI is ready to fund the development of proofs-of-concept that could establish democratic processes for overseeing AI, while its iOS app version expands to 45 more countries
Pesto Raises $11 Million and Launches Asset-Backed Credit Card
Pesto reported raising $11 million in financing and launching an asset-backed credit card.
Indonesia’s Latest Unicorn Is Aquatech Startup: What Does It Do?
eFishery is building an aquatech ecosystem where fish and shrimp farmers in Indonesia could easily scale up their businesses, providing farmers with access to financing and an online feed marketplace
Japan Tightens Crypto Rules
Already having one of the strictest cryptocurrency regulations in the world, Japan is going to introduce even stricter measures against money laundering in the crypto industry starting from 1 June 2023
Lazada Enhances Online Shopping With ChatGPT
One of the largest e-commerce operators in Southeast Asia – Lazada – introduced a ChatGPT-powered chatbot called LazzieChat to help users optimize their shopping experience
Germany Falls Into Recession
Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.
