Singapore and Indonesia launch cross border QR payments
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have on last Friday launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore.
The duo said in a joint statement that this linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan…
Temu takes action against scam websites in effort to strengthen consumer trust
SHENZHEN, China, Nov. 20, 2023 /PRNewswire/ -- Temu, the e-commerce platform renowned for its exceptionally low prices, is intensifying its efforts to safeguard its reputation amid a surge in scams exploiting its rising popularity.
Since its U.S. launch last September, Temu has rapidly expanded its user base, addressing underserved demand for affordable, practical merchandise. It is currently the…
GASA and Gogolook unveil first Asia Scam Report at Anti-Scam Asia Summit
Public-private alliance forges global collaboration to counter Asia's digital scam pandemic
TAIPEI, Nov. 20, 2023 /PRNewswire/ -- The Global Anti-Scam Alliance (GASA) and TrustTech leading provider Gogolook today kicked off the first-ever Anti-Scam Asia Summit (ASAS) in Taipei, Taiwan. Under the theme of "Turning the Tide in Asia," the summit brought together regional stakeholders from…
Supermom launches initiative to partner 25 Singaporean brands expanding to Indonesia
Supermom, a Singapore-based parenting networks backed by AC Ventures, has announced the launch of a new initiative committed to helping small businesses develop.
The tie-up is set to facilitate market entry to Indonesia for 25 Singapore-based family-centric brands, Supermom said in a statement on Friday.
According to the statement, Indonesia emerges as a vital market for parenting brands…
JazzCash and Fatima Gobi Ventures team up to boost startups in Pakistan
Pakistan-based FinTech platform JazzCash and Pakistan’s venture capital (VC) company Fatima Gobi Ventures (FGV) have announced a strategic partnership that is poised to have a massive impact on advancing the growth of startups and budding businesses in the country.
The duo said in a statement on Friday that this mutually beneficial partnership will see JazzCash catalyze FGV’s existing and…
Hisense Unveils “Deals That Go BEYOND” End-of-year Campaign for the Holiday Season
QINGDAO, China, Nov. 17, 2023 /PRNewswire/ -- Are you looking for a deal on Black Friday and Cyber Monday? With the upcoming holiday season, Hisense, the global consumer electronics and appliances corporation, had launched "Deals That Go BEYOND", their end-of-year campaign in the early this month, offering consumers the opportunity to purchase products at a special price and elevating home…
Innovating for FinTech inclusion: Ant International’s plans for the next billion users
At the Singapore FinTech Festival 2023, we learn how innovations are rewriting the narrative of financial empowerment, enabling a future where everyone, regardless of their geographical or socio-economic background, will have access to essential financial tools and services.
Yang Peng, President, Ant International
In today's interconnected global economy, FinTech is not just an…
Xinhua Silk Road: Pinggui District of Hezhou in S. China seeks for revitalization by crafting large regional gold & jewelry industrial park
BEIJING, Nov. 17, 2023 /PRNewswire/ -- Pinggui District of Hezhou, a city in south China's Guangxi Zhuang Autonomous Region, is revitalizing local industrial development through shifting the focus of economic transformation to crafting the largest gold and jewelry industrial park in Guangxi.
By actively exploring the spillover opportunities brought by Guangdong-Hong Kong-Macao Greater Bay…
MUSINSA Kicks Off it’s Mega F/W Event ‘Monster Sale’
Customers can meet the trendiest K fashion brands with a discount Renowned names ARCHIVE BOLD, GLOWNY, SATUR and thisisneverthat are among the 800 participating brands
SEOUL, South Korea, Nov. 17, 2023 /PRNewswire/ -- MUSINSA, a Seoul-based fashion e-commerce store, announced its Black Friday event, the 'Monster Sale,' running from November 17 to 29(KST).
Positioned as the premier event of…
Indonesia’s VC deal value expected to decline 70-80% in 2023, says report
Despite a degree of cautious optimism, Indonesia's venture capital deal value is expected to decline 70 percent to 80 percent in 2023, according to a report revealed by Indonesia-based venture capital firm AC Ventures and global consultancy Bain & Company on Wednesday.
According to the ‘Indonesia Venture Capital Report 2023’ report, the Indonesia's funding pace in 2023 remained sluggish…