E-wallets

Vietnamese E-Wallet MoMo Joins Unicorn Club With US$200 Million Series E

Vietnamese e-wallet M-Service which operates under the MoMo brand announced it has raised US$200 million Series E in a funding round that was led by Mizuho Bank, a subsidiary of Mizuho Financial Group. With this latest fundraise, MoMo is now

Read More

E-Wallet Adoption in E-Commerce Still Low Despite Growth in Mobile Users

Across Southeast Asia, mobile phone usage is booming, driving with it the rise of mobile commerce. In Singapore and Malaysia, more than 50% of e-commerce traffic comes from smartphones, a new survey by Stripe found. The study, which polled consumers

Read More

Grab to Make Nasdaq Debut Following SPAC Merger With Altimeter

Superapp Grab will begin trading on the Nasdaq today following the completion of its merger with Altimeter Growth Corp, a special purpose acquisition company (SPAC). The deal raised US$4.5 billion in what is touted to be the largest U.S. public

Read More

YouTrip Raises US$30 Million Series A to Fuel Its Growth in B2C and B2B Space

Singapore’s multi-currency travel wallet YouTrip announced that it has raised US$30 million in its latest Series A round, bringing its total funds raised to over US$60 million since launch. The round was driven by unnamed returning investors from major Asian family

Read More

Indonesian E-Wallet OVO Launches Its First Fixed Income Product

Indonesian digital wallet OVO, has collaborated with financial marketplace Bareksa and Bahana TCW Investment Management to launch its first fixed income product. The Bahana MES Syariah Fund Kelas O is said to be offered exclusively on the OVO app as

Read More

Abu Dhabi Fund Leads GoTo Group’s Pre-IPO Fundraise With US$400 Million

Indonesia’s GoTo Group announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, will lead its pre-IPO fundraising with a US$400 million investment. The investment will be the

Read More

Grab Financial Group Launches E-Commerce Webstore Builder to Empower SMEs

Grab Financial Group (GFG) has launched GrabMerchant Commerce, a webstore builder platform to boost sales and reduce operational work as well as payment risks for small and medium enterprises (SMEs). The introduction of the webstore builder platform is a part

Read More

5 Ways to Protect Your Digital Wallet From Fraud

Your e-wallet, online voucher, or online gift card may be vulnerable to fraud. Notice the signs and take precautions after reading this guide. As the world struggled with the COVID-19 pandemic in 2020, e-fraud has boomed. Mid-to-large sized American e-retailers

Read More

Indonesian E-Wallet OVO Launches Its First Shariah-Compliant Digital Investment Offering

Indonesian e-wallet OVO has launched its first shariah mutual fund product, which comes with one of the lowest buy-in for a product of its kind (less than US$1) and allows investors to instantly cash out their funds in real time.

Read More

Stripe Enables GrabPay Payment Option for E-Commerce Merchants

Stripe, an online payment processing company, has partnered with GrabPay to enable businesses across Southeast Asia to offer consumers a more rewarding and convenient online payment method through the latter’s e-wallet, starting in Singapore and Malaysia. The partnership with GrabPay

Read More