Archive
New Alternative Lending and Micro Lending Players in Vietnam
Since 2013, consumer lending in Vietnam has increased strongly, driven by robust economic growth and a rising middle-class. Over 2014 – 2018, the top 11 Vietnamese banks, whose combined loans make up roughly 70% of system loans, had expanded their
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Doxa to Launch Blockchain Platform to Match Invoices for SMEs
SMEs will no longer need to manually reconcile purchase orders and invoices Singaporean startup, Doxa, claims. With their enterprise SaaS platform Andromeda, the startup claims to be able to enable businesses to transact goods and services without the hassle of
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Malaysian Bank Secures 500k Customers in 6 Months Thanks to Partnership with Gcash
CIMB Bank Philippines announced that it has garnered 500,000 customers, approximately six months after opening its doors for business in the Philippines. The milestone was reached anchored on a strong proposition of co-creation and partnership between CIMB Bank and GCash,
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Backed by Tencent’s Co-Founder, Koku Eyes Indonesian Expansion
Singapore based fintech KOKU has announced its plans to expand into Indonesia. Its regional expansion follows their successful US$2 million pre-series A funding round earlier this year, which was led by Decent Capital, an investment firm started by Tencent Co-Founder
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Bankex’s MainWallet For Telegram Sees 5,000 Users Within First Week of Launch
Bankex’s newest dApp could be as important to the world of commerce as the first of e-commerce Web sites launching, as thousands of our early users can testify. If you want to make a payment or transfer digital assets using
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Standard Chartered Completes Blockchain Trial with Thailand’s Oil Giant Using Voltron
The use of blockchain for trade finance is often one of the most cited potential use case for technology, with some sources claiming that using blockchain to remove the bottlenecks could potentially increase global trade volumes by US$1.1 trillion by
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77% Consumers in Asia Pacific Prefers to Bank Digitally
Consumers in Asia Pacific are some of the most advanced when it comes to digital engagement with financial services, with seventy-three percent of consumers believing that they should be able to accomplish any financial task on a mobile device, according to new
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MAS Launches Sandbox Express for Faster Market Testing of Innovative Financial Services
The Monetary Authority of Singapore (MAS) today launched Sandbox Express to provide firms with a faster option to test innovative financial products and services in the market. The idea was first mooted last year when MAS issued out a consultation
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Experian Leads US$20M First Close of Series B1 Investment in CompareAsiaGroup
Experian, a global information services provider, is leading the US$20 million first close of Series B investment in CompareAsiaGroup, a comparison site with significant presence across Asia. Founded in 2014, CompareAsiaGroup claims to reach 60 million users across six markets
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Overview of Vietnam’s Major E-Wallet and Mobile Payment Players
In Vietnam, digital and mobile payment is undeniably the most developed and crowded fintech segment. According to the State Bank of Vietnam (SBV)’s recently updated list, there are currently 30 licensed non-bank payment intermediary intermediary services in the country with
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