Collecting Licenses Like Pokémon (TWIF - China, 3/5)

CoGoLinks secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

ONERWAY’s Singapore entity, Overcross, obtained a Singapore MPI license.

PhotonPay secured HK SFC and TCSP licenses to expand into asset management.

XTransfer received conditional approval in Malaysia for e-money and remittance licenses.

DBS China became the only Singaporean bank licensed to lead onshore corporate bond issuances in China after securing a principal underwriting license for non-financial bonds.

Logistics giant ZTO Express secured a Hong Kong MSO license for currency settlement alongside shipping.

PingPong Payments has acquired the remaining 49% of Xinhang Payment to gain 100% control over the holding company of its vital Chinese domestic payment license.

ShopeePay integrated with Alipay+ for QR payments at over 150 million merchant locations.

ZA Bank partnered with Nasdaq to to embed real-time U.S. stock data into its app.

Statrys launched a "pay-per-use" accounting model in Hong Kong tied to transaction volumes.

WeChat Pay HK has become the first e-wallet to launch 24/7 instant cross-boundary transfers to Mainland China bank accounts.

DBS Hong Kong partnered with HK-based compliance platform Know Your Customer to automate SME onboarding and real-time business verification.

Beijing announced a 300 billion yuan ($44 billion) capital injection into state banks to drive tech sector financing.

Futu became the controlling shareholder of Airstar Bank via a HK$500 million injection, replacing founding shareholder Xiaomi in a first-of-its-kind move for a HK virtual bank.