Tag "Southeast Asia"

Interview: Texcent to Launch Digital Payments Platform Paycent in Singapore and the Philippines in Coming Weeks

Texcent, a Singapore-headquartered fintech startup, is looking to launch its digital payment platform, Paycent, this August in Singapore and the Philippines. The company aims to become the global leader for mobile and cashless transactions with a platform that promises a

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The Role Of Digital Finance In Financial Inclusion In Southeast Asia

Asian Development Bank’s (ADB) recently concluded study on digital finance in the region found that addressing digital finance in the countries focused on could boost their gross domestic product (GDP) greatly. The study, named “Accelerating Financial Inclusion in Sout-east Asia

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Alternative Credit Scoring Providers In Southeast Asia You Have To Know

Globally, almost 50% of adults have no access to banking-type services of any description. The lack of access to basic financial services has created major barriers for people to overcome poverty by making it almost impossible for individuals and businesses

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Digital Consumers In Asia Surge By 50 Percent In One Year

According a 19 May report by Bain & Company, the number of digital consumers in the region has increased by 50 oercent to 200 million. This has helped the region’s internet economy balloon to more than $50 billion, the report

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5 Recent Fintech Startup Fundings in Southeast Asia

In 2016, deals to venture-backed Southeast Asian fintech startups rose 29% from 55 in 2015 to 71 in 2016. Meanwhile, dollars fell 12% from US$177 million in 2015 to US$158 billion in 2016 as deal growth was largely driven by

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Peer-to-Peer Lending in China, Hong Kong and Southeast Asia

Peer-to-peer (P2P) lending has become a global phenomenon. In Asia in particular, alternative financing has experienced an explosive growth. Asia’s large population of smartphone-savvy and unbanked makes it a prime market for alternative lenders. These leverage digital platforms and technology

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Co-Living, An Introduction for Southeast Asia

Southeast Asia is quickly becoming a hotspot for startups and digital nomads, thanks to the region’s low cost of living and young, digitally-enabled workforce. Singapore has over 300 co-working spaces. Vietnam has seen more than 40 spaces open since its

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Southeast Asian Fintech Deals Rise 29%

In 2016, Southeast Asia saw the greatest number of fintech deals, a trend driven largely by seed and angel stage investments in countries such as Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The number of investments in fintech companies

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Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative

Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri

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Digital Technologies And Fintechs to Drive Financial Inclusion in Asia

With an estimated 2 billion adults and 200 million micro, small and midsize businesses (MSMEs) worldwide considered as unbanked or underbanked, financial inclusion has emerged as a critical development challenge and an opportunity for fintechs. The unbanked are those who

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