Latest fintech & payments news and updates across Asia.
Malaysians are set to move US$261 billion through digital payments in 2026, up 17%, making the country Southeast Asia’s second-largest digital payments market, says the e-Conomy SEA report by Google, Temasek and Bain. The wider digital economy grows 20% to US$48 billion.
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Grab, Wise and Liquid Group are the first payment firms to declare adherence to the Singapore FinTech Association’s voluntary payments code, which requires full cost disclosure before payment, bans drip pricing and misleading zero-fee claims, and sets standards on fraud, data breaches and resilience.
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AEON Bank has added Financial Purr-Sona to its Neko Sensei AI coach. It scores saving, spending, planning and repayment habits, assigns one of four personas and offers free budgeting tips, with small vouchers to get Malaysians started.
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The Philippine central bank says talks with British fintech Revolut over a digital banking licence are ongoing and very active. Revolut is weighing digital bank and e-money licences, in a market with seven digital banks and a cap of 10.
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Malaysian eKYC provider Innov8tif has linked its EMAS platform to MyDigital ID, letting banks, e-wallets, insurers and telcos check new customers against National Registration Department records to block deepfakes, synthetic identities and forged MyKads during online sign-up.
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South Korea’s Hana Financial Group and Upbit operator Dunamu are trialling stablecoin payments from Upbit wallets, with Hana Card taking part. Merchants could be paid in near real time instead of days, and the partners plan VIP services from January 2027.
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An AEON Bank customer briefly saw more than RM1 billion in his account after a glitch tied to the digital bank’s Merdeka reward campaign. The bank reversed it the same day and says no data was compromised. Here is what happened and what it means for Malaysians.
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Thai fintech Salary Hero has raised a US$7.6 million Series A and expanded its credit line to US$10 million as it scales earned wage access in Malaysia, aiming to sign 50 corporate partners by the end of 2027.
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Malaysian supply chain finance platform CapBay says it has now channelled more than RM6 billion to over 2,700 SMEs in ten years, as Budget 2027 adds RM270 million in co-investment funds and extends cheap stamp duty for P2P financing.
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