Digiasia Bios

NEW YORK, NY, August 6, 2024 -- GLOBE NEWSWIRE -- DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, and PT Jalin Pembayaran Nusantara (“Jalin”), a subsidiary of the state-owned enterprise holding company Danareksa and a leading digital payment transaction processing company in Indonesia, today announced a strategic collaboration that will advance the penetration of financial inclusion to the underserved across Indonesia. As partners, Jalin’s extensive network of over 52,000 ATMs will be leveraged in coordination with DigiAsia’s Embedded Fintech as a Service Platform delivering innovative financial solutions.   The following core components of the DigiAsia and Jalin partnership prioritize banking the underbanked and underserved and fostering financial inclusion: ·     Cardless Cash Withdrawal (CCW): DigiAsia’s embedded finance application enables users cardless cash withdrawal from Jalin’s vast ATM network, providing greater accessibility and convenience. ·     Cash Deposit Machine (CDM): Expanding the availability of CDMs to facilitate easier cash deposits, supporting individuals and businesses in managing their finances efficiently. ·     White label ATM: DigiAsia’s white label FaaS capabilities offer brand customizable ATM solutions through Jalin’s ATM network to enhance brand presence and service delivery for financial institutions and other partners. ·     Merchant Kiosk: DigiAsia’s 1 million merchants will be deployed Jalin’s merchant kiosks to provide a range of financial services, including payments, transfers, and other transactions, in a user-friendly and accessible format. Prashant Gokarn, CEO of DigiAsia, commented, "This partnership with Jalin amplifies our mutual goal of strengthening financial inclusion in Indonesia with ubiquity of financial accessibility in the region. Together, our innovative embedded fintech solutions and Jalin’s ATM asset network platform, will foster financial empowerment for the consumers and merchants of Indonesia, including our network of 1 million merchants. This strategic partnership will drive Indonesia’s commerce and enterprise business growth through widespread digitized finance.” Ario Tejo Bayu Aji, CEO of Jalin, said, “Combining the distinct core competencies of DigiAsia and Jalin’s businesses bolster the expediency of unlocking financial accessibility to broad communities in Indonesia. We are synergistically paving the way to achieve our aligned social and economic missions. This is evident through the comprehensive robust financial infrastructure of our ATMs and CDMs and DigiAsia’s embedded processes to address the value chain of commerce and enterprises’ ability to achieve growth with its solutions that continue to expedite digitized finance.” https://lnkd.in/gJ-UxYWp

Supporting BSPI 2030 at FEKDI x KKI 2024, Jalin Enhances Strategic Collaboration to Expand the Reach of Digital Financial Services in partnership with Digi Asia Bios Jakarta, 02 August 2024 – PT Jalin Payments Nusantara (“Jalin”), an electronic payment system processor (switching) through the “Link” network of DUMN Danareksa Holding, in cooperation with ASIA Bios Group (“Digiasia”), the first Embedded Fintech-as-a-Service (EFaaS) company in Indonesia, gives full support to the launch of the Blueprint Indonesia Payments System (BSPI) 2030 by Bank Indonesia in the event of the Digital Finance Forum and Creation of Indonesia (FDIEKx KKI) 2024. As the Organizer of Payment System Infrastructure (PIP), Jalin has played an active role in realizing the vision of Bank Indonesia to create an integrated, inclusive, sustainable payment ecosystem through modern, comfortable and secure digital infrastructure. In this case, the collaboration with DigiAsia Bios Group, as the first Embedded Fintech-as-a-Service (EFaaS) in Indonesia. DigiAsia Bios is committed to addressing a wide range of financial challenges and has four licenses through its affiliates: Digital Payment (KasPro), P2P Lending (KreditPro), Remittances (RemitPro), and Digital Financial Services. (DigiKasLink). At the holding of FEKDI x KKI 2024, DigiAsia President Director, Joseph Edi Hut Lumban Gaol, expressed his enthusiasm for this collaboration. “With the support of Jalin’s interconnection infrastructure and interoperability, we can strengthen digital financial services that can be integrated into the ecosystem as well as DigiAsia Bios’s innovative financial technology such as our platform that can carry out cardless cash withdrawal in the ATM Link network, or the optimization of cash management from merchant Digi Asia Bios by bridging the gap between traditional banking and the needs of the less-served community to the end of Indonesia.”

NEW YORK, USA, June 24, 2024 -- Digi Tech Limited, the UAE based subsidiary of DIGIASIA Corp. (NASDAQ: FAAS) (“DIGIASIA” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, has secured allocation of an initial tranche of 5,120 NVIDIA H200 GPUs (NASDAQ: NVDA). The access to NVIDIA’s GPUs will propel DIGIASIA’s development of cutting-edge AI solutions for enterprise customers in fintech, telecom, and government sectors. The first iteration of these NVIDIA-powered solutions is expected to be deployed by the fourth quarter of 2024. DIGIASIA will base operations for its AI initiatives out of the Dubai International Financial Center (“DIFC”) in the UAE leveraging on the UAE and the DIFC’s global leadership in the advancement of advanced AI solutions. Full story of this article can be accessed through: bit.ly/digiasiaAIsolutions

NEW YORK, NY, June 21, 2024 -- DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Finance as a Service (“FaaS”) ecosystem provider for the enterprise (across Southeast Asia) in Indonesia, today announced it has entered into a definitive Securities Purchase Agreement (“SPA”) with Helena Special Opportunities LLC, an affiliate of Helena Partners Inc. (“Helena”), pursuant to which the Company will receive in excess of $3 million in funding through the issuance of Senior Unsecured Convertible Notes (the “Notes”), convertible into Class A common shares of the Company. Additionally, the transaction includes $5.2 million of Class B Convertible Notes of existing debt inherited from the business combination with StoneBridge Acquisition Corporation which closed in April 2024. Full story of this article can be accessed through: bit.ly/Digiasiacorp

USA, April 2, 2024 -- StoneBridge Acquisition Corporation (Nasdaq: APAC) (“StoneBridge”), a publicly-traded special purpose acquisition company, today announced that it has completed its business combination (the “Business Combination”) with DigiAsia Bios Pte. Ltd. Full story of this article can be accessed through: https://lnkd.in/gXCfHp6q

NEW YORK, USA, April 22, 2024 -- DigiAsia Corp. (“DigiAsia” or the “Company”) (NASDAQ: FAAS), is pleased to announce a strategic new development in its service offerings, heralding a new era of innovation and growth within the financial sector by harnessing artificial intelligence (“AI”) solutions. The Company’s latest initiative focuses on the incorporation of cutting-edge AI technology into its existing embedded finance solutions. This ground-breaking endeavour, known as ANDITA (Artificial Neurolinguistic Data Intelligence for Transaction Analytics), is poised to transform the landscape of financial services, particularly for the MSME segment in Indonesia. Full story of this article can be accessed through: https://lnkd.in/gBKut2we

Jakarta, Indonesia - Since 2010 when online-based mass transportation first arrived in Indonesia, users of this mode of transportation have increased rapidly because its presence has made it easier for people to obtain transportation services more quickly and efficiently. This has led to competition in price, value or quality, trust in providers, and alternative choices that make consumers more selective in making choices. The large area in Indonesia makes Indonesian transportation players also strive to make various service innovations. Maxim, which is KasPro's partner in Account Linkage services, has made various maneuvers to reach a larger transportation market in various regions in Indonesia. According to Insight Asia, in 2023 shows that digital payment mechanisms with e-wallets are the most widely used payment platforms with a percentage of up to 74% in Indonesia. Embedding Maxim Wallet KasPro in the Maxim app is part of Maxim's commitment to continue developing its services in alignment with digitizing service payment mechanisms. Full story of this article can be accessed through: https://lnkd.in/gdUnEZVB

🔔 The Closing Bell tolls for Digiasia Bios today! They’ve landed in Times Square from Indonesia 🇮🇩 and we’re celebrating their listing on Nasdaq! 🎊 Founded in Jakarta, Digiasia Bios is the first fintech as a service ($FAAS) company in Indonesia, enabling financial transactions across all customer segments. 🔥 Honored to have partnered with you on your listing, Digiasia Bios. Welcome to the #NasdaqListed family! Excited for our partnership ahead. 💥 #Indonesia #fintech

Jakarta, Indonesia – Digiasia is thrilled to announce Citibank’s internal approval to onboard Digiasia as its latest FinTech Partner. This strategic partnership is a pivotal move in Digiasia’s roadmap to further enhance cross border outbound remittance, ultimately aiming to ensure growth and deliver superior financial services to underserved B2B segments in Indonesia. By joining forces with Digiasia, a leading fintech company known for its innovative solutions and cutting-edge technology, Citibank is poised to unlock new opportunities and streamline operations, providing customers with even more seamless and efficient banking experiences through Digiasia’s B2B (Business-to-Business) partnerships. Full story of this collaboration can be accessed through: https://lnkd.in/eG9esUHs

Six years of pioneering excellence in embeddable fintech-as-a-service, our journey has been marked by innovation, resilience, and a shared commitment to delivering embedded finance solutions. We've transformed challenges into opportunities, built lasting partnerships, and empowered businesses to thrive in a digitally connected world. May the coming years bring forth even greater opportunities for collaboration, innovation, and growth for Digiasia. Rise, Thrive, and Take Off!