FOMO Pay

Product Launch · Asia

Fime launched FACT (Framework for Agentic Commerce Trust), a neutral trust layer for verifying, monitoring, and governing autonomous AI-driven transactions in payments.

Geographic Expansion · Asia

Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, is building its first data centre in Indonesia. The 360-megawatt Nvidia DSX AI Factory campus in Batam will be developed through an eight-year partnership with Nvidia and Singapore-based DayOne, with $30 billion in expected offtake deals.

Capital Raising · Asia

Mynt, operator of GCash (Philippines' largest fintech superapp), secured board approval to file registration statement for initial public offering (IPO).

Restructuring · Asia

UP Fintech (owner of Tiger Brokers) received US$60 million in penalties and confiscation orders from China Securities Regulatory Commission (CSRC), indicating regulatory compliance failures and likely organizational restructuring.

Restructuring · Asia

AMFI imposed a 6-month ban on Stable Finserv from distributing mutual funds until November 2026, likely due to advertising or documentation violations. This regulatory restriction significantly impacts the company's core business operations.

Strategic Hiring · Asia

Finastra is positioning itself as a thought leader in APAC payments transformation, with Arun Kini as Managing Director for Payments APAC, indicating strategic focus on real-time payments and cross-border payment infrastructure