DBS, Stripe, Visa to power CarouPay

SINGAPORE'S largest bank, DBS, has been confirmed to be a mobile wallet partner of Carousell, the Singapore-based online classifieds startup that in May unveiled it has raised US$85 million in Series C funding, with DBS joining as a new investor...

S-E Asian firms 'see value in data storage for innovation'

DATA storage firm Pure Storage, a New York-listed outfit that counts Singapore chipmaker Avago and property developer Ascendas-Singbridge as customers, says South-east Asian businesses contributed to some of its strongest growth in latest global revenues. It is a sign that the region is grasping...

Singapore budget hotel startup RedDoorz enters the Philippines with US$5m investment

REDDOORZ, a Singapore-based startup that runs a budget hotel booking platform, on Wednesday announced its expansion into the Philippines, for which it has invested over US$5 million.

Carousell unveils mobile wallet CarouPay powered by DBS, Stripe, Visa

CAROUSELL, which operates an online marketplace, on Wednesday announced the launch of its long-awaited mobile payment service, CarouPay, which will allow users to make payments to sellers without using third-party fund transfer platforms or meet-ups.

OCBC, UOB cards now available on NETSPay app

CUSTOMERS of OCBC Bank and UOB can now digitally store their NETS ATM bankcards on the NETSPay mobile app, NETS announced on Monday.

Toyota’s US$1b investment in Grab is credit positive for both: Moody's

TOYOTA'S US$1 billion investment into Singapore-based ride hailing platform Grab is credit positive for both companies, Moody's Investors Service said in a note released on Monday...

OCBC, UOB cards now available on NETSPay app

CUSTOMERS of OCBC Bank and UOB can now digitally store their NETS ATM bankcards on the NETSPay mobile app, NETS announced on Monday.

Singapore businesses not using AI either fear it or don't get it

BUSINESSES in Singapore are not using artificial intelligence (AI) enough and that's only because they fear it or don't get it, The Business Times (BT) has learnt...

Can Grab get its hands on more money?

WHAT'S with Grab? ...

Toyota to invest US$1b in Grab, taking lead in latest financing round

TOYOTA Motor Corp will invest US$1 billion (S$1.34 billion) in Singapore-based Grab, in the largest investment by an automotive manufacturer in the global ride-hailing sector.

Singapore's first talent incubator Antler announces cohort of 55 founders

ANTLER, Singapore's first homegrown talent incubator and startup generator, on Tuesday announced it has selected 55 founders for its inaugural programme starting July 2...
DISRUPTED

Pitch perfect

AMBITION can look very different from one person to the next - particularly among startup founders. But when on a stage competing for the "Top Startup" award and prize money, founders can be equally - and frighteningly - passionate, only some more eloquent than the rest. ...
INNOVFEST UNBOUND

Grab launches venture arm to 'transform South-east Asia'

IN A bid to seek out South-east Asia's next tech "unicorn", Grab on Tuesday launched Grab Ventures, joining the ranks of Google, Rakuten and other major tech companies that have carved out their own venture or innovation arms. ...
INNOVFEST UNBOUND

Grab launches venture arm to 'transform South-east Asia'

IN A bid to seek out South-east Asia's next tech "unicorn", Grab on Tuesday launched Grab Ventures, joining the ranks of Google, Rakuten and other major tech companies that have carved out their own venture or innovation arms. ...
INNOVFEST UNBOUND

Trust, ethics crucial to companies in advancing AI

TRUST is the most important value in the advancement of artificial intelligence (AI), said companies - as the Infocomm Media Development Authority of Singapore (IMDA) on Tuesday unveiled a series of AI initiatives to grow the country's digital economy, including an advisory council on the...

Singapore to set up council on ethical use of AI, data

SINGAPORE is setting up an advisory council on the ethical use of artificial intelligence (AI) and data, Minister for Communications and Information S Iswaran said on Tuesday.

Grab teams up with Cargo to let riders buy items

STARTING Monday, some riders of Singapore-based ridehailing platform Grab will be able to sample or purchase snacks, beverages and beauty items during their rides.

Grab partners Cargo to let riders buy snacks, beauty products during rides

STARTING Monday, some riders of Singapore-based ridehailing platform Grab will be able to sample or purchase snacks, beverages and beauty items during their rides.

Singapore bets right on 'gazelles': Stripe

A TOP executive at one of the world's most valuable payments technology startups has lauded Singapore for being ahead of the curve in "realising economic transformation through high-growth startups" - what she proclaims is a little-known but important concept globally...

Another price war seen in ride-hailing market

A PRICE war will break out again in the ride-hailing industry, even as major player Grab has said it would bank on innovation instead of "promo codes" to compete in the field, observers told The Business Times...

Grab hungers to be Asean consumers' daily staple as it unveils food delivery service

RIDE hailing startup Grab on Monday unveiled a food delivery service as it served up a vision to become the "everyday app" for South-east Asian consumers...

Grab hungers to be Asean consumers' daily staple as it unveils food delivery service

RIDE hailing startup Grab on Monday unveiled a food delivery service as it served up a vision to become the "everyday app" for South-east Asian consumers...
BT EXCLUSIVE

DBS to partner Carousell to build startup's mobile wallet CarouPay

SINGAPORE'S largest bank, DBS, has emerged as more than just a financial investor in Carousell. DBS will work with the online classifieds startup to build and implement the latter's new mobile wallet, CarouPay, The Business Times has learnt. ...
DISRUPTED

The 'wow' factor at Apple's new campus

IT was 7pm on a Tuesday, and I was nearly 11/2 hours into my Uber ride from San Francisco to Cupertino. I was travelling to meet a friend who works for Apple and who had invited me to the newly opened Apple Park Visitor Center.

Engine Biosciences to raise additional funding next year

A BIOTECH startup that only this year raised what is believed to be the largest round of seed funding in South-east Asia has plans to raise additional funding as early as next year, The Business Times has learnt.