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Small businesses will benefit from simplified e-payment model

We thank Mr Tew Woon Chong for his letter (Unified e-payment system: What about other fintech players?; Sept 15). The unified e-payment solution initiated by the Government serves to provide food merchants operating coffee shops, hawker centres and industrial canteens with a cost-effective, convenient and simple model to accept and process non-cash payments from customers. This is to address some challenges faced by these small businesses when...


South African fintech raises US$52m for Asia, Africa push; CEO moves to S'pore

Singapore SOUTH African fintech firm Jumo has raised US$52 million (S$71.5 million) in its latest funding round led by Goldman Sachs, which joins as a new investor. The funds will be used for the firm's expansion into new growth markets in Asia and Africa. Jumo chief executive officer Andrew Watkins-Ball has relocated to Singapore to oversee the company's growth in Asia. "Singapore is a fantastic hub for the Asia-Pacific market," Mr Watkins-Ball...


HSBC Singapore beefing up commercial banking division

Singapore HSBC Singapore is ramping up its commercial banking division to support companies expanding in Southeast Asia. The 500-strong commercial banking division has been hiring and expects to end the year with more than 550 people, dedicated to supporting international companies here and across Asean. Next year it further anticipates headcount growth of 20 per cent, as Asean is regarded a destination of choice for European, British and Chinese...


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