Indonesia's payment sector enters a new regulatory era on March 31. Bank Indonesia's PBI 10/2025 consolidates licensing, introduces TIKMI, and requires all providers to file their first business plans by April 30.
DBS Bank activated a 12-hour cooling period on March 7 for adding payees, raising transfer limits, and updating contact details. Singapore's three major local banks now enforce the same safeguard.
The Luxembourg House of Financial Technology and ADB Ventures have launched the NextFin Asia Fund, providing direct investment to ASEAN fintech startups for the first time through the Catapult: Inclusion SE Asia programme.
Malaysia has confirmed nearly RM3 billion in investment commitments from Chinese technology companies targeting artificial intelligence and digital infrastructure development.
Singapore Tourism Board and Ant International have renewed their partnership to expand mobile payment services for international travelers through the Alipay+ ecosystem.
Mastercard has appointed Minsook Cho as Country Manager for Singapore, reinforcing its leadership presence in one of Asia’s most important fintech hubs.