AEON Bank has obtained approval from the Bank Negara Malaysia and the Minister of Finance to launch its digital banking operations in the region of Malaysia
The South Korean Financial Services Commission (FSC) has introduced a proposed amendment to the Enforcement Decree of the Specialized Credit Finance Business Act, aiming to prevent citizens from using their credit cards for cryptocurrency purchases.The prohibition is a response to growing concerns over issues such as money laundering, unauthorized financial outflows to foreign entities, and the encouragement of speculative activities associated with card payments made to foreign virtual asset exchanges.“I think they're a bit behind other credit issuers as most have banned the usage of credit cards to purchase crypto,” said Joel Hugentobler, Cryptocurrency Analyst at Javelin Strategy & Research
Nu Colombia , a subsidiary of Nubank in the country, has received official approval from the Financial Superintendence of Colombia (SFC) to operate as a financing company
India-based BaaS startup Decentro has launched its Penniless Bank Account Verification API in order to enable firms to save time and onboarding costs for new clients
Orange Finances Money Mali and TerraPay are working to enhance financial inclusion among Malians, both within their native country and the global Malian diaspora