Lending
BNPL Transactions Rose by Nearly 30 Percent During the 2021 Peak Holiday Period
There has been a 28 percent increase in buy now, pay later (BNPL) transactions from October to December 2021 compared to the same period in 2020, according to global provider of real time digital payment software ACI Worldwide. The data
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Singapore Fintech Report 2022: Fintech Reaches Critical Mass in Singapore
In Singapore, the COVID-19 pandemic has acted as a catalyst for fintech adoption, driving demand for digital payment capabilities, virtual banking experiences and buy now, pay later (BNPL) arrangements. Consumers and businesses are signing up en masse to digital banking
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CIMB Bank Vietnam and F88 Form Partnership to Boost Financial Inclusion
Lending platform F88 Business has entered into a new strategic partnership with CIMB Bank Vietnam to promote financial inclusion to the unserved and underserved sector of the economy. According to the latest figures from the General Statistics Office (GSO), Vietnam
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Tradeplus24 Undertakes US$100 Million Debt Facility to Fuel Growth
Tradeplus24 Australia, a small and mid-size enterprise (SME) lending fintech, has restructured US$25 million of its existing debt facilities to underpin the execution of a material debt transaction of over US$100 million and reduce its cost of funding by 4
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New Report Assesses Digital Lender Impact on Southeast Asian MSMEs
In Southeast Asia, micro, small and medium-sized enterprises (MSMEs) are the backbone of the economy, making up for 97%-99% of the region’s total enterprises and contributing between 52% and 97% of total employment. Yet, despite their centrality to national economies,
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UOB Indonesia Launches E-Commerce BNPL Service “TMRW Pay”
UOB’s mobile-only banking solution TMRW announced the launch of TMRW Pay, an e-commerce loan that enables consumers in Indonesia to manage their budgeting needs. TMRW Pay offers consumers deferred payment services, with zero interest for up to 90 days and instant
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Lending Fintech GajiGesa Closes US$ 6.6 Million Pre-series A Fundraise
GajiGesa, an Indonesian employee management and wellness platform offering Earned Wage Access (EWA) and other financial services, has closed an oversubscribed US$ 6.6 million (IDR 94.5 billion) in pre-Series A funding. The round was led by MassMutual Ventures, with participation
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8 Technology Requirements to Consider When Future-Proofing Your BNPL Offering
As the BNPL space expands rapidly, organisations need to infuse their go-to-market strategies with advanced technology to make these programs sustainable – to manage risk and respond quickly to market needs, and to be agile to shift as needed to
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Turochas Fuad’s BNPL Firm Pace Raises US$40 Million in Series A
Pace, a Singapore-based Buy Now Pay Later (BNPL) solution, announced that it has raised US$ 40 million in its Series A investment round. Investors that joined the round include UOB Venture Management (Singapore), Marubeni Ventures (Japan), Atinum Partners (South Korea),
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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending
Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek
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