BNI to buy majority stake in Bank Mayora to enter digital banking space
Indonesian government-backed lender Bank Negara Indonesia (BNI) is planning to buy a 63.92% stake in Bank Mayora, DeelStreestAsia has reported. The acquisition…
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Javier Garza Calderon among those eyeing Citi’s Mexican arm
Javier Garza Calderon, founder of "Entrepreneurs for the Fourth National Transformation (E4T)," is looking to bid for the local retail…
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DBS, Standard Chartered in race to buy Citigroup’s Asian operations
DBS Group and Standard Chartered are reportedly among the banks looking to acquire the retail banking assets of Citigroup in…
Thai fintech Ascend Money rakes in $150m at $1.5bn valuation
Thailand-based fintech startup Ascend Money has raised $150m in a Series C funding round, which valued the company at approximately…
Bank of Ayudhya finalises deal to buy SHB Finance
Thailand’s Bank of Ayudhya (Krungsri) has signed an agreement with Saigon-Hanoi Commercial Joint Stock Bank (SHB) to acquire SHBank Finance…
SCB partners Thunes to power cross-border payments to Thailand
Thailand's Siam Commercial Bank (SCB) has partnered with Thunes to enable real time fund transfers to the country. The collaboration…
Travel app Traveloka plans to offer financial services in Thailand, Vietnam
Indonesian travel app Traveloka is reportedly looking to roll out financial services in Thailand and Vietnam ahead of its US…
ByFintech firm Lightnet receives $31.2m investment
Bangkok-based fintech firm Lightnet has secured $31.2m in a A funding round. The fundraising was led by UOB Venture Management, Seven…