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Digital Payments Startup dtcpay Closes $16.5 Million Pre-A Financing Round

Singapore-based digital payments startup dtcpay (formerly Digital Treasures Center) has closed a $16.5 million Series A round led by Kwee Liong Tek, Chairman of Pontiac Land, with participation from David Tung, former Managing Director and Partner of Carlyle Group, Jean-Marc Poullet, Chairman of Burgess Asia, and Tham Sai Choy, former Chairman of KPMG Singapore and Asia Pacific. This round of financing will be used for product development, strengthening operations and infrastructure capability, and expanding its global presence. ....

David Tung , Jean Marc Poullet , Burgess Asia , Kwee Liong Tek , Asia Pacific , Digital Treasures Center , Partner Of Carlyle Group , Pontiac Land , Managing Director , Carlyle Group , Tham Sai Choy ,

DBS apologises for 'embarrassing' service outage that MAS found unacceptable

SINGAPORE – DBS Bank has apologised to its shareholders and customers for disruptions to its digital banking services. Singapore’s largest bank said during its annual general meeting (AGM) on Friday that it will also set up a special board committee to look into the cause of the disruptions, which left many of its customers unable to carry out their online. ....

Piyush Gupta , Chng Kai Fong , Peter Seah , Bonghan Cho , Monetary Authority Of Singapore , Olivier Lim , Tham Sai Choy , Chng Kai , Monetary Authority ,