FinTech
E-ConomySEA 2024 report: Malaysia’s digital economy to hit $31B in 2024
Malaysia's digital economy is poised to reach $31 billion in gross merchandise value (GMV) in 2024, an increase of 16% from 2023 according to the latest e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company.
B2B payments are the emerging battleground for Asian banks
The opportunity for #B2B #Payments in #AsiaPacific is huge, and financial institutions must move swiftly to capitalize on it. The future of banking in the region will be defined by digitalization, personalization, and embedded finance. For banks across Asia, the message is clear: adapt to the changing landscape or risk falling behind.
Maybank sees ASEAN internet players to lead growth ahead of global peers
Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.
GXS Bank on track to launch business banking solutions in the first quarter of 2025
Singapore-based digital bank GXS Group announced Wednesday that it is on track to launch its business banking solutions in the first quarter of 2025, after launching its retail banking services successfully.
Buy Now Pay Later market in Southeast Asia set to exceed $50B by 2027 – report
Analysts of UnaFinancial forecast that by 2027, the Buy Now, Pay Later (BNPL) market in Southeast Asia will reach $53.2 billion across six key countries, with Indonesia leading at $16.8 billion and making up 32 percent of the market. The Philippines and Malaysia will experience the fastest growth between 2024 and 2027, with the Philippines projected to grow…
Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore branch and Brunei’s Baiduri Bank.
Solarvest partners Finhero to launch Vietnam’s first solar financing Fintech solution
Solarvest Holdings Berhad (Solarvest), a Malaysia-based clean energy firm, has partnered Malaysian fintech firm Finhero, to officially launch its Powervest solar financing program in Vietnam to support clean energy transition among Vietnamese businesses.
Dyna.Ai partners DCS Card Centre to enhance AI offerings in financial services
Dyna.Ai, a Singapore-based artificial intelligence (AI)-as-a-service company, has announced a strategic partnership with financial institution DCS Card Centre.
Singapore’s Capital C secures seven-figure investment in Pre-Series A funding
Singapore-based fintech services provider Capital C Corporation has secured a seven-figure sum in a pre-series A funding round from Phillip Private Equity, Azure Capital, and high-net-worth individuals.
Maybank Singapore partners PracBiz for supply chain finance
Maybank Singapore and Singapore-based digital supply chain platform PracBiz are collaborating for the bank to offer financing to qualified users of PracBiz Exchange (PBX).
