FinTech
Vietnam joins regional payment connectivity initiative
State Bank of Vietnam (SBV), the central bank of Vietnam, has officially joined the regional payment connectivity (RPC) initiative. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development for faster, cheaper, more transparent, and more inclusive cross-border payments.
Vietnamese internet firm VNG seeks $150 million in US listing – report
The news came after Vietnam-based electric car maker VinFast's recent sterling debut in the US. VinFast's shares have rocketed after its US debut earlier this month.
Tracxn : Vietnam’s FinTech sector funding plunges 67 pct in first half amid global economic uncertainty
The FinTech sector in Vietnam has experienced a significant downturn in funding throughout 2023, largely attributed to the lingering effects of the funding winter and the prevailing global macroeconomic uncertainty, Technologies Ltd said on Friday. The first half of 2023 has seen a remarkable drop in Vietnam FinTech funding, with total funding dropping 67…
TNG Digital partners Amanah Saham Nasional to provide Malaysians easy investment through Touch ‘n Go eWallet
Malaysian payment firm TNG Digital Sdn. Bhd. (TNGD) has announced a new partnership with investment platform Amanah Saham Nasional Berhad (ASNB), making it the first and only eWallet agent to offer investments in ASNB unit trusts for Malaysians through the Touch ‘n Go eWallet. This partnership enables Malaysians to subscribe to all 17 ASNB unit trusts…
Chubb survey: digital wallet race intensifies as banks, FinTechs invest in Insurance
The digital wallet race intensifies as banks and FinTechs inAsia and around the world invest in insurance, according to Chubb survey revealed on Wednesday. A majority (56 percent) of financial executives involved in insurance decision-making globally expect to generate more than 10 percent of their revenue from embedded insurance within three years.
Thailand’s TrueMoney facilitates staff benefits for Charoen Pokphand (C.P.) Group and Lotus’s in Malaysia
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…
Robocash: payment transactions in SEA will reach $54 trillion in 2027
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’s SEA reports higher revenue and profit in the second quarter
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…
Indonesia’s GoTo narrows losses in second quarter, closer to profitability
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…
US’s Payoneer secures major payment institution license from Singapore
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…
