Financial Inclusion
Thai PM Launches Digital Wallet to Disburse US$14 Billion in Q4 Economic Stimulus
Prime Minister Srettha Thavisin has officially launched a new digital wallet scheme in Thailand aimed at benefiting approximately 50 million citizens to energise the country’s economy. Initial reports indicated that the launch would be in May. According to Thailand Business
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SC Ventures and NEXT176-Backed Fintech Firms Set to Merge by Mid-2024
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and NEXT176, the venture arm of the Pan-African group Old Mutual, have announced the launch of a new wealth management platform. This collaboration aims to make financial planning
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BRImo App by Bank Rakyat Indonesia Now Has Over 30 Million Users
PT Bank Rakyat Indonesia (BRI) has announced that its mobile banking app, BRImo, has reached over 30 million users, as the bank aims to enhance financial inclusion across the country. Since its launch in 2019, BRImo has seen its user
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Indonesian Fintech JULO Offers Loans up to US$3,000 for Medical Expenses
Indonesian fintech company JULO has rolled out a new healthcare financing service, allowing its 2 million users to cover their medical expenses across the country. The service, dubbed JULO Health, offers financing options for treatments at hospitals, clinics, dentists, pharmacies,
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Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally
Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women,
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DBS Extends S$3 Hawker Meal Subsidies on Fridays Until 26 July
DBS Bank has extended its hawker meal subsidy programme which will now run until 26 July 2024, offering cashback incentives for customers using the PayLah! app for meal payments. The extension means a total of 7.5 million meals will be
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DBS Foundation Partners with IMDA to Drive Digital Inclusion in Singapore
DBS Foundation has entered into a partnership with the Infocomm Media Development Authority (IMDA) to promote digital inclusion in Singapore. Despite Singapore’s ongoing efforts to create a digitally inclusive society, disparities persist among various demographic groups, including age, income, and persons
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Oradian Enabling Financial Inclusion at Scale Across Southeast Asia
Oradian, a fintech firm based in Makati, Manila, has notably improved financial sector access, especially in Southeast Asia. They were key contributors in a panel at the Singapore Fintech Festival, discussing the role of profitable scalability in financial inclusion. The Co-Founder
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Silverlake Axis Partners Bank Mantap to Enhance Financial Inclusion in Indonesia
Silverlake Axis, a Singapore-mainboard listed fintech and digital banking solutions provider, has announced a strategic partnership with Indonesia’s Bank Mandiri Taspen (Bank Mantap). This collaboration is part of Silverlake Axis‘ expansion in Indonesia, highlighting its focus on the Indonesian market
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Singapore’s Platform Workers Grapple with Financial Freedom, Retirement Planning
A recent study has revealed that platform workers in Singapore face a number of financial challenges, including low levels of financial freedom, difficulty meeting monthly savings targets, and a lack of retirement planning. The ‘Financial Freedom for Platform Workers and
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