E-wallets

Google Wallet Lands in Vietnam, Thailand and Malaysia

Google Wallet has now been extended to three additional Southeast Asian countries – Vietnam, Thailand and Malaysia – making it available in 57 countries total. In Vietnam, the feature is currently only supported for Visa cardholders while Mastercard will be

Read More

Reuben Lai Is the Latest in a Series of High Profile Exits for Grab’s Fintech Business

GXS Bank (GXS)’s executive director and Head of Regional Office, Reuben Lai, has decided to leave the Bank at the end of 2022. Along with his resignation as an executive director, Reuben will be stepping down from his appointment as

Read More

Superapp Grab Promotes Suthen Paradatheth to Group CTO

Southeast Asian superapp Grab announced that it has promoted Suthen Thomas Paradatheth to Group Chief Technology Officer (GCTO), effective 1 October 2022. Suthen will be responsible for driving Grab’s technology vision, strategy and execution across its deliveries, mobility, and financial

Read More

Google Wallet Is Now Available in Singapore as a Standalone App

Google Wallet is now available as a standalone app for the Singaporean users as a complementary experience to Google Pay. This digital wallet for Android and Wear OS standardises the way users save and access essential items such as vaccine

Read More

GrabFin Rolls Out Investment Product Earn+ for Its Singapore Users

Southeast Asian fintech platform Grab Financial Group (GFG) announced that it will be launching Earn+, an investment product for its Singapore-based Grab users. GFG also revealed that it will be launching GrabFin, a new brand that offers Grab users a

Read More

BNPL Predicted to Be Singapore’s Fastest Growing Online Payment Method by 2025

In Singapore, alternative payment methods including buy now, pay later (BNPL) arrangements and digital wallets, are surging in popularity. By 2025, fintech software provider FIS projects that these payment methods will make up half of online payments, with BNPL forecasted

Read More

Indonesia’s GoTo Set to Raise up to US$1.1 Billion With IPO

Indonesia’s GoTo Group announced its plan to carry out an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The IPO is expected to raise proceeds of at least IDR 15.2 trillion (US$1.1 billion) plus an additional IDR 2.3

Read More

Digital Financial Services Picks Up Steam in Cambodia

Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. Rising usage

Read More

Singapore Maintains Position as ASEAN’s Hub for Cross-Border E-Commerce Platforms

Across the Association of Southeast Asian Nations (ASEAN), Singapore has become the central hub for cross-border e-commerce platforms, favored by industry players for the forward-looking planning and deployment by the government of an advanced digital economy ecology, as well as

Read More

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