Standard Chartered has set up a joint venture with Assembly Payments.
Assembly Payments is an Australian FinTech with over 130 staff.
It offers a digital platform to manage payments across a variety of methods, such as online, POS and mobile.
The pair have formed a new global ecommerce venture which will be headquartered in Singapore.
What does this mean?
According to Assembly Payments, this is one of the first major global FinTech deals between a global bank and a key Australian FinTech.