Thailand’s excise department is currently collaborating with Krungthai Bank (KTB) to establish a blockchain-based tax refund system that will streamline the entire process while helping the department to combat value-added tax (VAT) evasion, which is currently difficult to monitor and prevent due to the legacy paper-based documentation system. The tax…Continue Reading

Pan-asian payments services startup 2C2P recently announced that they have successfully raised US$52 million from the World Bank Group’s International Finance Corporation (IFC), early stage venture capital firm Arbor Ventures and under-invested emerging digital markets-focused venture capital firm Cento Ventures. The newly acquired funds brings the total amount of investment…Continue Reading

According to a recent announcement by Building Cities Beyond (BCB) Blockchain, a Singapore-headquartered blockchain technology company that claims to be the leading blockchain protocol provider for the development of smart cities solutions, the firm has signed a memorandum of agreement (MOA) with the Philippine Council for Industry, Energy and Emerging…Continue Reading

At the recently-held Singapore Fintech Festival 2019, Tezos Southeast Asia (TSA) made the announcement that they had combined forces with Tribe Accelerator, Singapore’s first government-backed blockchain accelerator, to launch the first ever official Tezos blockchain training program in Southeast Asia to train and support blockchain developers creating applications and solutions…Continue Reading

Singapore-headquartered healthtech company Lucence announced on Wednesday that it had successfully secured US$20 million in a IHH Healthcare-led funding round. Besides IHH Healthcare – Asia’s largest private healthcare provider with a focus on upmarket health services – other participants of the startup’s Series A funding round include Singapore government-owned investment…Continue Reading

Coda Payments, a Singapore-based fintech startup, recently announced that it had successfully closed an Apis Partners-led funding round of US$20 million on Tuesday. As well, Toivo Annus – an angel investor that has backed Coda Payments – and Apis Partners, a financial services-focused private equity asset management company based in…Continue Reading

Tribe Accelerator, Singapore’s first blockchain accelerator to receive government support and backing, recently formed a partnership with IOV Labs – formerly known as RIF Labs – an Argentina-based technology company that developed RSK, the world’s first bitcoin secured smart contract platform, and its complementary peer-to-peer solutions platform RSK Infrastructure Framework…Continue Reading

SBI Ripple Asia recently announced that they had formed a partnership with SBI Remit along with Vietnamese bank Tien Phong Commercial Joint Stock Bank to launch a blockchain-powered remittance service between the countries of Vietnam and Japan. The money transfer service will be the first such venture between both countries…Continue Reading