SEA
Alipay+ transactions triple in 2024 as travel industry embraces cross-border digital payment & marketing technology
In the first nine months of 2024, the number of people using Alipay+ payment partner apps while abroad increased by three times, and the number of transactions increased by more than three times.
Japan’s estie, inc. raises $20M in Series B led by Vertex Growth & DBJ
The latest round was led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of global investment company Temasek, and Development Bank of Japan (DBJ).
UNODC estimates financial losses between $18B and $37B from scams in East and Southeast Asia in 2023
UN Office on Drugs and Crime (UNODC) has on Monday estimated financial losses between US $18 billion and $37 billion from scams targeting victims in East and Southeast Asia in 2023 alone, with a high proportion of these losses attributed to scams committed by organized crime groups in Southeast Asia.
MDEC & martech web3 firm Emerge Group form strategic partnership to propel Malaysia as a Web3 gaming hub in SE Asia
EMERGE Group will leverage its extensive network of Web3 gaming partnerships, including collaborations with Gala Games, Immutable X, TZ APAC, Sei and other leading Web3 gaming projects, to identify synergies and advance Web3 game publishing.
Tracxn : SEA tech startups funding plunges 59 percent in first nine months of 2024
Southeast Asia (SEA) tech startups funding plunge 59 percent in the first nine months of 2024 amid global challenges, a report said Friday.
ASEAN GenAI sector funding seen to grow 50 percent year-over-year in 2025
GenAI Fund, through its latest report, has projected the funding for ASEAN generative artificial intelligence (GenAI) sector to increase 50 percent year-over-year in 2025.
Filipino fintech firm Salmon completes $30M Series A-2 financing round
Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank's total capital to PHP 1.2 billion by the end of 2025.
US investment firm BlackRock sees growth in Asian infrastructure on AI boom – report
The surge in electricity demand is outrunning the available power supply in many parts of the world, leading to growing concerns of outages and price increases for the most data center dense regions, Bloomberg reported.
Singapore’s audax Financial Technology and Synpulse establish strategic partnership
This joint solution provides a dual-mode approach to banking infrastructure modernisation, designed to seamlessly coexist alongside the existing infrastructure of incumbent financial institutions.
Maybank expects ASEAN data center market to reach $11 billion per year till 2028
Maybank Investment Bank said Tuesday that it expects data center demand in ASEAN to increase at 20 percent compound annual growth rate (CAGR) and a potential data center total addressable market (TAM) of $11 billion per year till 2028.
