FinTech
Southeast Asia leads in digital economy growth at 15.8 percent for the next five years: report
Southeast Asia (SEA) is racing ahead among the region in digital economy, according to the latest report conducted by market intelligence firm IDC and commissioned by global payments platform 2C2P and Ant Group. According to the report, SEA leads in digital economy growth at 15.8 percent for the next five years, outpacing the United States (9.4 percent) and…
Empowering APAC SMBs: Navigating global ambitions in an interconnected world
The time is now for global #SMBs to look beyond their borders to seize maximum opportunities and build more reliable and interconnected cross-border economies.
Alipay+ partners LankaPay to enhance digital travel experience to and from Sri Lanka
Alipay+, the payment platform of China-based Ant Group, announced Monday that it has partnered LankaPay, Sri Lanka’s National Payment Network, to enhance digital travel experience to and from Sri Lanka. The duo have recently signed an memorandum of understanding (MoU) towards enhancing inbound and outbound travel experience through cross-border digital…
GoTo Financial and Bank Jago launch GoPay Tabungan by Jago, a bank account and e-money service combined
GoTo Financial, GoTo's financial technology business unit, and Bank Jago, an Indonesia-listed technology-based bank, have on Thursday launched GoPay Tabungan by Jago, a bank account for daily transactions that can be accessed directly via the GoPay and Gojek applications.
Singapore’s UnaFinancial partners with UK’s Velexa to launch digital investing platform in the UAE
UnaFinancial (formerly known as Robocash Group), a Singapore-based fintech group, has partnered with Velexa, a United Kingdom-based wealthtech disruptor to launch a digital investing platform in the United Arab Emirates (UAE).
Bolttech, Allianz Partners team up to offer insurance solutions across APAC and US
Global insurance firm Allianz Partners and Singapore-based insurtech firm bolttech have announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States.
Malaysian stock exchange, TNG Digital, Affin Hwang team up to broaden share trading services in Malaysia
Malaysian bourse Bursa Malaysia Berhad (Bursa Malaysia), payment firm TNG Digital Sdn Bhd (TNGD) and investment firm Affin Hwang Investment Bank Berhad (AHIBB), have teamed up to broaden share trading services in Malaysia via a digital wallet. The trio have signed a memorandum of collaboration (MoC) to enable investors to easily participate in the stock…
Nearly 7 in 10 SMEs in Southeast Asia rely on startup capital from savings, family and friends: SME Industry Report
In Southeast Asia, about 70 percent of small and medium enterprises (SMEs) started their business with seed money raised from their personal savings and from family and friends’ financial support, said a report published by Funding Societies, a Southeast Asia’s unified SME digital finance platform.
Rapyd Survey unveils nearly 50 percent of Singapore businesses express need for innovative fintech solutions
Nearly one in two businesses in Singapore expressed a strong need for innovative fintech solutions to tackle business concerns, according to a recent study on business to business (B2B) cross-border payments published by global fintech leader Rapyd on Tuesday.
South Korea’s KakaoBank acquires 10 percent stake in Indonesia’s Superbank
South Korean digital bank KakaoBank and Indonesian lender Superbank have announced a strategic partnership to drive digital banking innovation in Indonesia. In this strategic partnership, KakaoBank will acquire a 10 percent stake in Superbank through the issuance of new shares.
