Carousell launching own digital wallet – [Tech in Asia]

Online marketplace Carousell has announced the launch of CarouPay, a digital wallet within the Carousell app. The announcement was made today by co-founder and CEO Quek Siu Rui at Tech in Asia Singapore.

With CarouPay, Carousell aims to improve the payment process of it’s users by allowing buyers and sellers to complete their payment transactions without leaving the Carousell app.

Carousell will launch CarouPay in Singapore next month, with plans to make the service available in all its 7 markets.

Thailand to issue cryptocurrency rules by end June – [Reuters]

Thailand Securities and Exchange Commission expects to issue regulations of cyptocurrencies and initial coin offerings after holding a public hearing, according to a report by Reuters.

According to SEC Chief Rapee Sucharitakul, digital token offerings will not be allowed until regulations are announced, which they expect to be by the end of June.

This announcement comes a day after Thailand passes a royal decree tasking the SECto control and regulate digital assets along with enacting tough cryptocurrency laws that comes with hefty fines and jail terms to crack down on fraud and unauthorised transactions.

KNOLSKAPE opens Malaysia office – [Press release]

Employee development platform KNOLSKAPE has recently opened a new office in Kuala Lumpur, Malaysia to better support and service their Malaysia-based clients as well as incoming companies.

“The decision to expand our direct presence in Malaysia was a logical step in our customer support and servicing strategy,” said Rajiv Jayaraman, Founder & CEO of KNOLSKAPE. “We have always had our sights set on Malaysia and have been seeing tremendous traction in the market. Having a team on-ground will ensure that we dive head-first into the Malaysian market and deliver the same superior experience as we do for our clients across other geographies. We also have the opportunity to further expand our ability to service current and future markets.”

KNOLSKAPE is an end-to-end learning and assessment platform for accelerated employee development.They use artificial intelligence, business simulations, gamification, machine learning, and virtual reality to deliver transformative experiences.

Baania secures funds from multiple investors – [e27]

Thailand-based Baania has secured an undisclosed sum in investment from Krungsri Finnovate and PTT Public Company. SCG-backed venture fund AddVentures and 500 TukTuks also co-invested.

Baania is a Big Data-driven marketplace and data analytics platform for the real estate industry.