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Buy Now Pay Later (BNPL) Gaining Momentum in Thailand

Buy now pay later (BNPL) has been picking up steam among curious consumers in Thailand. This type of financing has grown in popularity because it is seen as a more flexible and consumer-friendly alternative to traditional credit products. It is

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FinAccel Appoints Slack’s Former CFO Allen Shim to Its Board Ahead of IPO Plans

FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, announced that Allen Shim has joined its Board of Directors. Allen was the senior finance leader for Slack since it was an early-stage startup and most recently

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Indonesia’s BI-FAST to Expand Its Real-Time Payment Services and Banks Participation

Indonesia’s domestic real-time payments scheme BI-FAST, launched by Bank Indonesia and powered by ACI Worldwide, has announced plans to launch a wide range of new real-time payment services. BI-FAST payment services will be extended to include bulk credit, direct debit

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Top 5 Transformative Fintech Spaces to Watch in 2023

Unlike a lot of the next-generational technology that have thus far failed to live up to their full purported transformational abilities, the disruptive potential of financial technology (fintech) has been more evident in numerous practical use cases. And in 2023,

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Carlo Chen-Delantar Succeeds Paul Ark as Gobi Partner’s New Head of ESG

Pan-Asian venture capital firm Gobi Partners has appointed Carlo Chen-Delantar as its Head of ESG to succeed the outgoing Paul Ark. Prior to this appointment, Carlo had served as the Head of Circular Economy for Gobi ASEAN and will continue

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All 5 Singapore Digital Banks Are Now Members of the Credit Bureau

The five digital banks licensed by the Monetary Authority of Singapore (MAS) are now members of the island state’s credit bureau. This brings the Credit Bureau Singapore’s (CBS) members to 36. The two full digital banks Grab and Singtel’s GXS

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Indonesia’s Digital Rupiah Game Plan: Everything You Need to Know

Bank Indonesia announced the country’s very own central bank digital currency (CBDC), named the “digital rupiah,” to move forward with the country’s initiative of “advanced digital transformation.” Dubbed “Project Garuda,” named after Indonesia’s legendary bird, Bank Sentral Republik Indonesia or

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Hugosave Will Now Be Able to Issue Its Numberless Visa Cards

Singapore-based wealth and savings app Hugosave has become a Visa Principal Member Issuing Licensee under its parent company Atlas Consolidated. Hugosave will now be able to issue Visa cards directly as well as sponsor associate licenses under Visa. The firm

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ShopBack Extends Series F With US$30 Million From Westpac

Shopping and rewards platform ShopBack has extended its Series F fundraise yet again with an investment of US$30 million (AU$44 million) from Australian multinational banking and financial services company Westpac. Shopback begun its Series F raise in June with US$80

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Singapore’s Appetite for Open Banking Is at an All-Time High, Finastra Survey Shows

Open banking is now universally and unequivocally regarded as a key part of a bank’s landscape, according to a global research by financial services software and cloud solutions provider Finastra. The ‘Financial Services: State of the Nation Survey 2022’ found

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