FinTech

Thunes, a Singapore-based cross-border payments company, has on Thursday announced its deepened strategic collaboration with Visa, a world leader in digital payments, aimed at enabling new endpoints in key markets across Asia and Africa.

54 percent of global consumers expect to increase their cross-border purchasing over the next six to twelve months, global payments and financial platform Airwallex and consulting firm Edgar, Dunn & Company said Thursday.

Indonesian biggest tech firm GoTo has foreseen its 2024 group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to breakeven after achieving first quarterly profit.

Country Builders Bank, Inc. (CBB), a rural bank in the Philippines, has on Monday announced its strategic collaboration with Kiya.ai, a fintech firm based in India, to advance its banking infrastructure.

The survey findings also show that women still make up a minority of FinTech portfolios, with 63 percent of the lending-focused FinTech firms reporting that women-owned small and medium sized enterprises (SMEs) make up less than a quarter of their portfolio.

Five ASEAN member countries, namely Singapore, Indonesia, Thailand, Malaysia and Philippines, signed a memorandum of understanding on payment integration between the countries in 2022 and began interaction in several areas.

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bolttech’s collaboration with stc Group will provide stc’s customers with innovative, embedded device protection offerings through a technology-enabled experience, the companies said in a joint statement.

Xendit, a unicorn startup based in Indonesia, has entered the Thai market by offering comprehensive digital payment solutions and embedded finance, aiming to enhance the growth potential of Thailand’s digital economy.

In response to China's new policies to facilitate international visits, Chinese fintech firm Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from $1000 to $5000; and annual cumulative transaction limit up from $10,000 to $50,000.