10 January 2020

Ben Ng

EJ Insight writer
  • China in far ahead of any other country in the development of a national digital currency, says Joao Reginatto, head of product for USD Coin at US-based blockchain payments startup Circle. Photo: Circle/Reuters

    Circle: China leading digital currency push as US falls behind

    - Sep 26, 2019 11:00am
    In June, social media giant Facebook unveiled its plan to launch a cryptocurrency called Libra, allowing money transfers over its messaging infrastructure – WhatsApp, Instagram, and Facebook Messenger, targeting the cross-border payments market. Threatened by Libra’s...
  • Kristo Kaarmann, TransferWise co-founder and CEO, said his firm has a mission of making international money transfers instant, convenient, transparent and eventually free. Photo: TransferWise

    How Transferwise is taking over the world of remittances

    - Sep 2, 2019 8:04am
    (First of a two-part interview with Kristo K??rmann, co-founder and CEO of TransferWise) According to World Bank estimates, an estimated 270 million migrants around the world will send a combined US$689 billion back home this year....
  • TransferWise co-founders Kristo Kaarmann (left) and Taavet Hinrikus (right). The fintech startup is engaging with Facebook over the latter's cryptocurrency initiative, Libra. Photo: TransferWise

    Transferwise CEO on fintech partnerships and Facebook’s Libra

    - Sep 2, 2019 8:03am
    (Last of a two-part interview with Kristo K??rmann, co-founder and CEO of TransferWise) TransferWise, arguably one of the world’s most well-known fintech brands, has expanded its presence to more than 70 countries since its founding in...
  • Bridgefy co-founder and CEO Jorge Rios aims to build the standard for offline communications. Photo: Bridgefy

    Bridgefy: A startup that enables messaging without internet

    - Aug 26, 2019 12:37pm
    In the digital era, few things could be more disconcerting and disruptive of our normal everyday life than losing internet connection.?San Francisco-based startup Bridgefy aims to remedy this situation?by making apps that send messages from one...
  • AAX digital asset exchange will leverage LSE Group technology to deliver trusted and secure trading services, says Peter Lin, CEO of Atom Group. Photos: AAX, Bloomberg

    HK crypto exchange aims to power ahead with LSE tech support

    - Aug 23, 2019 11:34am
    Despite the worldwide attention on crypto-related businesses following a meteoric surge in digital currency prices in the recent past,?the sector players, such as the trading firms and technology developers, are still struggling to build trust among...
  • Tetsuhiko Saito, CEO of LINE Financial, believes banking services will occupy a significant part in his firm’s financial services ecosystem. Photo: LINE Corp

    How LINE is navigating its financial services foray

    - Aug 5, 2019 3:13pm
    In June, Facebook unveiled plans to launch a cryptocurrency called Libra, in the firm’s latest effort to expand beyond social networking and move into financial services. But the plan was immediately questioned by US regulators, as...
  • Arun Makhija, Foodpanda's CEO in Hong Kong, said the startup is entering the grocery delivery service market in the city. Photo: HKEJ

    Foodpanda says no price war despite fee, minimum order waivers

    - Jul 29, 2019 1:55pm
    Since late June, food delivery service provider Foodpanda has waived the minimum order value requirement and delivery fees in a move to further penetrate the local market. “Competition on price in this avenue is a bit...
  • Adyen’s unified commerce solution allows businesses to enjoy centralized reporting across stores, markets and channels, says the payments firm’s Asia-Pacific chief Warren Hayashi. Photo: Adyen

    How Adyen quietly helps firms handle payments

    - Jul 29, 2019 11:31am
    Payment processing systems had been under the grip of big banks, credit card issuers and a few IT service providers for years, creating hegemony of sorts in the key support business for financial transactions. Among the...
  • Cryptocurrency-related businesses will have to deal with mounting challenges from regulators around the world, says Stripe’s CFO and chief product officer Will Gaybrick. Photo: Stripe

    Facebook’s Libra plan holds promise: Stripe’s Gaybrick

    - Jul 24, 2019 9:41am
    For years, the growth in e-commerce has outpaced the underlying payments technology. With an aim to simplify payments, US-based startup Stripe has emerged as a key player in the financial technology revolution in recent years, tackling...
  • Stripe began by serving startups for the most part, but now the firm also serves many of the world's largest technology companies, says Will Gaybrick. Photo: Stripe

    How Stripe is building its payments infrastructure business

    - Jul 24, 2019 9:34am
    Stripe, a payments infrastructure firm, has been a rising star in the increasingly competitive world of online payments. Founded in 2010, the San Francisco-headquartered startup has said that it aims to build the “economic infrastructure for...
  • Sean Moss-Pultz, Bitmark's co-founder and CEO, said the company's certificates of ownership of digital assets and data can be used as evidence in a court of law in case of a legal dispute. Photo: Bitmark

    Bitmark: Secure your property rights over digital data

    - Jul 18, 2019 11:41am
    The growing opposition from regulatory bodies to Facebook’s plans to launch its own?cryptocurrency highlight widespread concerns over how technology companies make use of personal data for profit at the expense of the consumers’ privacy. People now...
  • Tableau’s Chief Technology Officer Andrew Beers (R) and the firm’s head of Greater China operations Thomas Yap (L) say their company aims to promote a data-driven culture among enterprises and individuals. Photos: Tableau

    Building community crucial to data platform success: Tableau

    - Jul 8, 2019 5:47pm
    US-based analytics platform Tableau (NYSE: DATA), which offers data visualization and analytics software that it says are easy enough for non-technical people to use, opened an office in Hong Kong last month. The facility, which is...
  • Joao Reginatto believes Circle’s stablecoin will benefit from the increased awareness that Facebook will bring to the cryptocurrency field. Photos: Circle

    Cryptocurrency sector will benefit from Facebook’s Libra: Circle

    - Jul 2, 2019 4:49pm
    Social media giant Facebook unveiled plans last month to launch a cryptocurrency called Libra, allowing money transfers over its messaging infrastructure – WhatsApp, Instagram, and Facebook Messenger. Backed by a reserve of fiat currencies and low-risk...
  • Facebook CEO Mark Zuckerberg wants to make cryptocurrency mainstream, a goal which bitcoin has yet to accomplish. Photo: Reuters

    Internet of Money: Bitcoin and Facebook’s Libra

    - Jun 21, 2019 12:03pm
    Facebook finally unveiled this week the details of its digital currency, Libra, which will roll out for use in 2020, allowing the group’s billions of users across the world to buy things or send money to...
  • Max Kantelia, co-founder of Singapore-based blockchain startup Zilliqa, said the scalability issue remains a bottleneck in the application of blockchain technology. Photo: Zilliqa

    Let’s not get too excited about blockchain

    - Jun 18, 2019 2:57pm
    Blockchain, which underpins cryptocurrencies such as Bitcoin, has drawn massive interest around the world, with a growing number of enterprises investing heavily in the technology for deployment in their businesses. But amid the excitement, some blockchain...
  • Yat Siu and his gaming firm Animoca Brands partnered with Formula 1 to launch the blockchain-based racing game, in which players collect virtual cars, existing as non-fungible tokens in Ethereum blockchain, and race against each other. Pic: Animoca Brands

    Animoca Brands offers crypto collectibles for F1 racing game

    - Jun 4, 2019 5:06pm
    As players turn more serious about their gaming life than ever, virtual gaming assets are becoming as important and valuable as tangible assets. Recognizing this phenomenon, a Hong Kong gaming company has introduced a blockchain solution...
  • Financial product comparison website GoBear, led by CEO Adrian Chng (inset), is stepping up business expansion plans after raising new funds. Photo: GoBear

    GoBear to launch online insurance broking and lending business

    - May 20, 2019 3:10pm
    Online platform GoBear, which allows users to search and compare various financial products in the marketplace, recently received US$80 million in fresh funding. Following the capital infusion, the company is stepping up business expansion initiatives.? Chief...
  • Kelvin Teo and Reynold Wijaya are the co-founders of Funding Societies, a Singapore-based peer-to-peer lending platform that aims to support SMEs by providing them access to funding. Photo: Funding Societies

    How Funding Societies is able to grow in P2P lending market

    - May 14, 2019 3:37pm
    Pioneered by US-based firms like LendingClub, the peer-to-peer (P2P) lending market has witnessed an explosive boom in China and Southeast Asia. Funding Societies, founded in 2015, targets?small and medium-sized enterprises, seeking to fuel their growth through...
  • Paxful founders Ray Youssef (top left) and Artur Schaback. The crypto trading platform has seen a significant growth of trading in Africa. Photo: Paxful

    Paxful sees huge crypto demand in developing markets

    - Apr 29, 2019 3:11pm
    While?cryptocurrencies are on the rise, their susceptibility to speculative activities and resulting price volatility have reduced their appeal to investors, particularly in the United States, Europe and China. However, some crypto startups believe that?emerging markets, where...
  • Oriente operates in the Philippines and Indonesia where its two services, Cashalo and Finmas, respectively, offer credit services for consumers using a mixture of online and offline channels. Photo: Oriente

    Oriente’s Prentice sees vast opportunities in Southeast Asia

    - Apr 15, 2019 3:07pm
    The financial technology (fintech) industry has not even scratched the surface of opportunities across Southeast Asia, says Geoff Prentice, co-founder of Hong Kong-based micro-lending startup Oriente. In 2017, Prentice, a Skype co-founder and its former chief...