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Gaming company Razer to expand payments network to 54 million merchants via tie-up with Visa

Gaming hardware company Razer is expanding its payments network through a partnership with Visa, which will allow Razer’s e-wallet users to pay at 54 million Visa merchants globally.Without the need for a bank account or a credit card, up to 60 million users of Razer’s online payments service, Razer Pay, will be able to use the newly-developed virtual prepaid solution by Visa in their e-wallet to make payments wherever Visa is accepted, according to an announcement by Razer’s fintech arm and… Source link

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Singapore 

Lawyer allegedly linked to missing $33 million had stolen Malaysian passport, Singapore News

SINGAPORE – The lawyer who vanished after more than $33 million parked at his firm went missing had left Singapore for Malaysia in a private-hire car on May 13, a district court heard on Thursday (June 20). Deputy Public Prosecutor Nicholas Khoo said police investigations also showed that Jeffrey Ong Su Aun, the managing partner of law firm JLC Advisors, also disposed of his Singapore mobile phone when he reached Malaysia. The 41-year-old Singaporean lawyer was later found with a stolen Malaysian passport which had been actually issued to a…

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Buyer walks away from US$32 million Hong Kong luxury home, as trade war and protests sap appetite for real estate investment

A Hong Kong customer has backed out of buying a HK$251.23 million (US$32.11 million) luxury home in the Deep Water Bay neighbourhood, marking the second property default in nine days.The buyer, who is unidentified, failed to conclude the sales contract for the 3,641-square foot (338 square metres) apartment on the ninth floor of Tower One at 8 Deep Water Bay Drive, forfeiting HK$12.56 million of initial payment made to the developer Nan Fung Development.Deep Water Bay, located on the southern… Source link

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HSBC scraps minimum-balance fee for 3 million Hong Kong customers, other lenders expected to follow suit as they brace for threat from virtual banks

HSBC is to scrap the minimum balance fee that applies to 3 million customers in Hong Kong in a move likely to be followed by other big lenders as they brace for fierce competition from a wave of virtual banks due to come online later in the year.The monthly charge of HK$50 for small depositors with a passbook savings account and other basic accounts with a balance below HK$5,000 (US$640), has long been viewed as a penalty on some of the bank’s most loyal customers. It was introduced 18 years……

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Singapore 

Family of late Singtel director sues drivers involved in his fatal accident for $1 million, Singapore News

SINGAPORE – The family of Irish expat Donough Andrew Keane, who died after a traffic accident on the Central Expressway in 2015, is seeking compensation of more than $1 million from the two drivers involved. Mr Keane’s brother and administrator of his estate, Mr Colin Joseph Keane, has filed a claim against taxi driver Ko Ngak Phweng and part-time driver Tan Yeow Kim for the loss and damage suffered by his parents. According to court documents that were filed by the plaintiff, Mr Keane was working as a director of…

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Vietnam 

$32 million solar plant powers up in Ninh Thuận – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      NINH THUẬN — A solar power plant costing VNĐ747 billion (US$32 million) opened in the south central province of Ninh Thuận last week.     The opening ceremony was witnessed by Standing Vice Chairwoman of the National Assembly Tòng Thị Phóng and provincial leaders.  Financed by the Phước Hữu JSC, the plant covers an area of over 32ha in Phước Hữu Commune. It has a designed production capacity of 30MWp. It has 91,650 solar panels, 12 transformers and more than 5km of 110kv line. The plant was first connected to the national grid in April 2019. It is expected…

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Singapore 

Lawyer linked to missing $33 million slapped with 8 new charges, Singapore News

The lawyer allegedly linked to the disappearance of more than $33 million of his client’s monies has been slapped with eight more charges. Three more clients have also come forward about alleged unauthorised transactions. Jeffrey Ong Su Aun, 41, was yesterday charged with eight counts of forgery for the purpose of cheating. The managing partner of law firm JLC Advisors now faces nine charges after he was first charged on June 1 with cheating CCJ Investments. The charges relate to Ong allegedly deceiving CCJ Investments into disbursing $6 million under…

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Singapore 

$270 million in Medisave top-ups for eligible Pioneer Generation and Merdeka Generation seniors in July, Singapore News

SINGAPORE – Singaporeans from the Pioneer Generation and Merdeka Generation will receive Medisave top-ups of between $200 and $800 next month. The 2019 Medisave top-ups will cost the Government a total of $270 million, the Ministry of Finance and Ministry of Health said in a joint statement on Thursday (June 13). The top-ups can be used to pay for MediShield Life premiums and other Medisave approved insurance plans, hospitalisation, day surgery and approved outpatient treatments. This will be the first time those in the Merdeka Generation, who were born between…

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Vietnam 

Vân Đồn Economic Zone lays out $357.2 million development plan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A view of Cái Rồng Port in Vân Đồn Economic Zone. The province’s plan would allocate VNĐ2.4 trillion from the provincial budget during the 2019-25 period to develop the EZ’s infrastructure.  Photo enternews.vn HÀ NỘI — The People’s Committee of northeastern Quảng Ninh Province has released a plan to implement Prime Minister Nguyễn Xuân Phúc’s conclusions on the development of Vân Đồn Economic Zone (EZ) that would require more than VNĐ8.35 trillion (US$357.2 million) to expand its infrastructure by 2030. The plan aims to make Vân Đồn an…

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Vietnam 

Fintech startups Vimo and mPOS combine to raise $30 million – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Mobile wallet provider Vimo Technology JSC and point-of-sales platform mPOS Technology JSC are about to combine and be rebranded as NextPay Holdings. — Photo baodautu.vn HÀ NỘI — Vietnamese fintech start-ups mobile wallet provider Vimo Technology JSC and point-of-sale platform mPOS Technology JSC are set to merge and be rebranded as NextPay Holdings. Nguyễn Hòa Bình, who founded the two Hà Nội-based startups, told Việt Nam News on Tuesday that NextPay would provide a one-stop technology service for merchants, letting them utilise its point-of-sale (POS) system and accept payments from customers. Under…

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