Singapore-based Chocolate Finance, launched in 2024 to disrupt traditional banking for Gen Z, is facing backlash after freezing withdrawals, capping spending, and blocking top-ups, leading to negative sentiment online. The crisis stemmed from a partnership with HeyMax rewards platform and a promotion offering air miles, which was abruptly halted due to unsustainable bill payments, triggering customer withdrawals and criticism. PR experts criticized the handling of the crisis, highlighting the need for preparedness, quick response, and customer trust retention strategies. Despite the turmoil, some investors have voiced confidence in the startup, while customers question their return.
Full Article
Duelling diplomacies: India and Pakistan offer competing narratives at defence forum in Singapore
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Fresh off their nerve-jangling, four-day conflict in May, top Indian and Pakistani military delegations have been making the rounds at the IISS Shangri-La Dialogue in Singapore, billed as Asia’s premier defence forum. While much of the attention was on US Defense Secretary Pete Hegseth’s...
Read more