Search Results for "grab"
KakaoBank to Snap Up 10% Stake in Indonesia’s Superbank
KakaoBank, a South Korean digital-only bank, is set to acquire a 10% stake in Superbank, a new digital-focused bank in Indonesia formerly known as Bank Fama. Superbank is backed by a consortium comprising Grab, Singtel, and Emtek Group. It is
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BNPL to Grow Nearly 9-Fold through 2025 in Southeast Asia
In Southeast Asia, the rise in Internet penetration and smartphone usage, coupled with the region’s booming e-commerce sector and large population of unbanked, are providing fertile ground for alternative payments to strive. Buy now, pay later (BNPL) arrangements, a type
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Thunes Broadens Its Payment Network Across Five Southeast Asian Nations
Global cross-border payments infrastructure network Thunes has expanded its payment acceptance network to include Singapore, Malaysia, Indonesia, the Philippines, and Thailand. This expansion will enable European and international merchants to receive payments from consumers in Southeast Asia and settle in
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FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot
Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating
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Vertex Ventures Bets Big on SE Asia and India With US$541 Million Fund
Vertex Ventures Southeast Asia and India (VVSEAI) has secured US$541 million for its fifth and biggest fund, exceeding its target of US$450 million. VVSEAI Fund V is 80% larger than VVSEAI Fund IV which was raised in 2019. A subsidiary
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500 Global Closes US$143 Million to Support Southeast Asian Founders
Venture capital firm 500 Global has closed US$143 million in funding for its new early-stage and growth vehicles to support founders in Southeast Asia from pre-seed to pre-IPO. The VC’s third Southeast Asian early-stage fund, 500 SEA III, closed at
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Fintech Basics: What Is an E-wallet?
The financial sector has always been on the frontline of technological advancements. From the invention of paper money to the introduction of credit cards, each new development has promised to make transactions smoother, faster, and more secure. In the 21st
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A Snapshot of Major Real-Time Payments Networks in Asia
Real-time payments are transactions made between bank accounts, processed, cleared, and settled within seconds, o any given day or time. The FIS Global Payments Report 2023 highlights the Asia Pacific region as a global frontrunner in real-time payments, propelling account-to-account
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9 Fintech Firms from Southeast Asia Make CNBC’s 2023 Top 200 Fintech Leaderboard
Nine fintech companies headquartered in Southeast Asia were named among the world’s top 200 fintech businesses, recognized by business media outlet CNBC and independent research firm Statista for their reach, growth and leadership position in the digital finance space. These
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Fintech Basics: What is Embedded Finance?
In today’s rapidly evolving digital landscape, the way we interact with financial services is undergoing a profound transformation. Traditional banking and payment systems are being disrupted by a new paradigm known as “embedded finance.” But what is embedded finance, exactly?
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