The coronavirus crisis has disrupted businesses everywhere. From large corporations to start-ups and small vendors – industries are feeling the pinch from the pandemic. Sectors such as tourism and aviation have been hit especially hard.

Ant Financial, the Chinese operator of Alipay, announced its plans to invest US$73.5 million for a minority stake in Digital Money Myanmar Limited, a fintech company based in Myanmar locally known as Wave Money, the companies announced in a press release.Wave Money, a mobile financial services provider, allows users to send and receive money through a network of more than 57,000 agents or “Wave Shops” distributed across urban and rural areas covering approximately 89 percent of the country.&a

In 2019, the Monetary Authority of Singapore’s (MAS) announced that it will issue five digital bank licences to non-bank players to add value, innovation and diversity to the region’s financial hub.The five new digital bank licences will comprise of up to two digital full bank licences, which allow licensees to provide a wide range of financial services and take deposits from retail customers, and up to three digital wholesale bank licences – which allow licensees to serve small and medium en

The Monetary Authority of Singapore’s (MAS) announcement late last month that it will issue five digital bank licences to non-bank players is set to add value, innovation and diversity to the region’s financial hub.The five new digital bank licences will comprise of up to two digital full bank licences, which allow licensees to provide a wide range of financial services and take deposits from retail customers, and up to three digital wholesale bank licences – which allow licensees to serve sm