Archive
World Bank: Developing Countries Sees Record-Breaking Remittance Inflow in 2018
Remittances to low and middle income countries grew rapidly and are projected to reach a new record in 2018, says the latest edition of the World Bank’s Migration and Development Brief, released today. The Bank estimates that officially recorded remittances
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Is Cambodia The Next Stop for Grab’s E-Wallet?
Following its entry into Cambodia in 2017, Grab seems likely to bring its e-payment app, GrabPay into Cambodia sometime in 2019 as part of the wallet’s Southeast Asian focus. Cambodia and Myanmar are said to be key considerations for GrabPay’s expansion
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Mobile Payments in Vietnam: End of 2018 News Roundup
Cashless payments are booming in Vietnam, more than doubling in value over the first three quarters of 2018. In particular, transactions over mobile apps and digital wallets rose by an impressive 126% and 161%, respectively, according to Department of Payments
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GrabPay Mobile Wallet Will Likely Hit Myanmar in 2019
After Grab’s launch into Myanmar in 2017, the ride-hailing giant intends to follow-up with the expansion of their e-wallet GrabPay, in the ride-hailing giant’s ongoing Southeast Asia takeover strategy. GrabPay is considering Myanmar alongside Cambodia for expansion of its mobile
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Singapore Grants First Accelerated FinTech Patent
The Intellectual Property Office of Singapore (IPOS) has granted the first accelerated patent under its FinTech Fast Track initiative to Voyager Innovations, a technology company based in ASEAN. While patent grants typically take at least two to four years, and
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In Thailand you can Pay now with your Smartwatch “Garmin Pay”
Siam Commercial Bank has introduced the Garmin Pay contactless payment solution. This has been done in collaboration with CDG Group, sole distributor of Garmin products in Thailand and MasterCard and Visa. With a virtual SCB MasterCard or Visa credit card added to
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Online Accounting and Invoicing Solutions for Startup Founders in Singapore
Those not in the know often underestimate the number of hats that a startup founder has to wear when they embark on their journey. Not only will they have to be knowledgeable about the field they’ve ventured into, they also
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GrabPay Wallet Expands in the Philippines
As predicted by Fintechnews the Philippines is the next stop in GrabPay’s expansion in South East Asia. Grab and Philippine-based conglomerate SM Investments Corp (SM) signed a strategic partnership in a bid to expand the GrabPay mobile wallet in the
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CIMB Launches Digital Bank in Vietnam and Digital Lounge in Saigon
CIMB Bank unveiled its first Digital Lounge in Ho Chi Minh City (Saigon) and launched its OCTO by CIMB mobile banking app for consumers. Ho Chi Minh City hosts CIMB Bank Vietnam’s first branch presence following the establishment of its
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17 E-Wallets in The Philippines You Should Know
“A way to carry your money inside your cellphone”. This is perhaps the simplest meaning of an e-wallet as defined by Philippine-based mobile money service GCash. For the past few years, different companies such as telcos, banks, fintech startups, financial
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