FinTech

TrueMoney, a Thailand-based e-wallet services provider, has officially facilitated with Thailand's Charoen Pokphand (C.P.) Group and supermarket chain, Lotus’s, to empower staff benefits in Malaysia. Starting from May, Lotus’s staff can enjoy the convenience of facilitated offers and benefits from TrueMoney, while C.P. Group staff will receive these…

Analysts of Robocash Group have revealed that the total volume of payments in Southeast Asia (SEA) will grow 86 percent to reach $53.9 trillion by 2027. Vietnam and Indonesia will account for the largest shares in this figure.

Singapore-based tech conglomerate Sea Limited has reported higher revenue and profit in the second quarter, underpinned by improved e-commerce businesses. The group's total revenue for the second quarter rose 5.2 percent year on year to $3.1 billion. It posted a total net income of $331 million in the second quarter, as compared to total net loss of $931.2…

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reported losses in the second quarter and it is on track for profitability. The firm's adjusted losses before interest, taxes, depreciation, and amortization narrowed to 1.2 trillion rupiah ($78.25 million) in the second quarter, driven by improved monetization and ongoing…

Payoneer Singapore Private Limited, a subsidiary of United States-listed FinTech firm Payoneer Global Inc., has been granted a major payment institution license from the Monetary Authority of Singapore (MAS). The license will enable the firm to enhance the breadth of its products and roll out several new services in Singapore, especially in the areas of…

Singapore FinTech firm Atome Financial has on Wednesday announced it has renewed and expanded its $100 million debt facility with HSBC Singapore to include the Philippines market, as well as support new consumer financing products.

Singapore’s multi-currency e-wallet YouTrip has rolled out Apple Pay integration, providing users a more seamless way to pay for in-store purchases, online transactions and public transport.

Thailand-based retailer Central Retail Corporation has joined forces with China-based technology provider Ant Group to launch Alipay+ at its stores, providing comprehensive services for international digital payments to enhance convenience for Asian tourists from Chinese mainland, Hong Kong SAR, Malaysia and South Korea.

Singapore-based digital finance platform Funding Societies said Thursday the firm is streamlining business operations in Indonesia amid global challenges. This exercise has impacted 38 out of 214 people in Indonesia.

Transforming services from their core may seem like a mammoth task to many existing financial institutions. From operating models to mindsets, approaches to new technology should be attuned to shifting customer sentiments – so that financial services and non-banking firms can deliver and respond to markets effectively. #DigitalTransformation #FinTech…