Financial Inclusion

B2B Forex Tech Provider Koku Targets Southeast’s Non-Bank Financial Institutions

COVID-19 continues to spread around the planet with now more than 7.3 million reported cases, including over 416,000 deaths, according to the latest data from the Johns Hopkins University. In Southeast Asia, Singapore has one of the highest infection tallies,

Read More

7 Fintechs in South East Asia That’s Making Financial Inclusion Its Mission

Over 70% of adults in Southeast Asia currently lack sufficient access to financial services and millions of small and medium-sized enterprises (SMEs) in the region still face large funding gaps. The underbanked and unbanked is often overlooked by incumbent banks

Read More

7-Eleven Eyes to Serve Singapore’s Underbanked Through Pay2Home Partnership

The underbanked in Singapore, which includes hundreds of thousands of migrant workers who remit funds as a basic necessity, are often excluded from fintech innovation, unable to access the full benefits of digital services due to a lack of digital

Read More

The Digital Ecosystems That Will Help Indonesia Reach 80% Financial Inclusion

The Southeast Asia Internet Economy Report 2019 by Google, Temasek, and Bain & Company predicts that Indonesia’s digital economy will more than triple to US$133 billion in 2025, driven largely by increasing acceptance by its more than 260 million population.

Read More

Philippines’ RCBC Registers Over 500% Growth in its Inclusive Digital Finance Initiative

Rizal Commercial Banking Corporation has achieved exponential growth for its mobile point-of-sale (mPOS) implementation generating 515% and 622% year-on-year growth on transaction volume, from US$ 6.5 million in 2018 to US$ 41 million, and on transaction count, from 111,000 to

Read More

With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion

Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services,

Read More

India Turns 350,000 Postmen Into Bankers To Serve Customers In Remote Areas

Across the country, over 350,000 postmen are offering doorstep financial services to people in even the remotest parts of India. They are equipped with a mobile phone and a hand-held biometric scanner to perform tasks of bankers including opening savings

Read More

Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment

Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation

Read More

SoCash Sees Participation from Vertex Ventures in its US$ 6 Million Series B Round

SoCash, a Singapore based fintech announced today that it has raised US$ 6 Million in its Series B funding round led by Japan based cashed automation player Glory Ltd and participated by Standard Chartered’s SC Ventures alongside Vertex Ventures. SoCash’s

Read More

Philippines’ 7-Eleven to Deploy 300 ATMs By Next Year

Philippines’ 7-Eleven is eyeing to deploy 300 ATMs in Metro Manila by next year. In doing so they will be teaming up with Japan’s Seven Bank, who is currently operating a network of 18,000 ATMs across 7-Eleven’s in Japan through

Read More