FinTech

The partnership reinforces the alignment between Fave's and Google Pay’s visions in providing a seamless mode of payment while rewarding a new generation of savvy consumers in their day-to-day transactions.

Xendit will relocate its financial hub to Malaysia, following an investment from the Malaysian government’s venture capital investment fund.

The investment will support Airwallex's global expansion and enable the company to accelerate multiple product development initiatives across its engineering hubs, grow its sales teams and increase its breadth of offerings for SMEs and larger enterprises.

As the world becomes increasingly digital, there is an opportunity to ride on the growth of digital payments and provide secure and reliable financial services to meet the ever-changing needs of consumers here in the region. We expect to see a further acceleration in the adoption of digital payments in Southeast Asia as digital payments are no longer a…

The tara.app framework relies on open APIs with deep integration with major banks, financial institutions, and technology partners. Indepay says that nine major banks are in the process of enabling this open transfer platform.

SCB Abacus will use the fresh funds to strengthen its digital infrastructures, drive product adoption and recruit additional talent.

An emerging preference for digital payments naturally leads to consumers increasingly demanding faster and more affordable payment options--which in turn is spurring innovation among fintech startups and traditional financial institutions alike.

With the latest investment, Xendit plans to continue innovating its product suite, with sights on expansion into select countries across Southeast Asia.

The advisory group will explore the technical, legal, and regulatory frameworks needed to break the siloes between the global supply chain and financial institutions.

In Malaysia and Singapore, merchants who opted for Atome’s BNPL experienced an average 17 percent increase in their ticket order size.