According to Caixin, Fincy was promoted within Asia-Pacific New City as a Southeast Asian WeChat-style platform, with industry concerns over gambling-linked fund flow opacity.
Caixin reported that BCB Innovation’s Fincy payment app was promoted in the Asia-Pacific New City project, aiming to serve as a Southeast Asian equivalent to WeChat. The app integrates fiat-to-crypto exchange and gaming features, which industry sources allege may conceal gambling activities and weaken oversight of financial flows. These concerns raise questions about regulatory monitoring in such integrated digital service platforms.