Search Results for "Tima"
Digital Payments Transformation: Changing How Business Gets Done
The trend toward payments digitisation is undeniable. Worldwide, transaction value of digital payments is expected to reach USD 8.7 trillion by 2025. In China alone, arguably the biggest market in the world in digital payments, transaction value has already hit
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DBS Report Looks at Digital Assets’ Buoyant 2021 First Quarter
Digital assets, including cryptocurrencies, non-fungible tokens (NFTs) and central bank digital currencies (CBDCs), are having an exciting year 2021, with many developments and booming adoption witnessed in Q1’21, DBS’ latest quarterly update on digital assets outlines. In Q1’21, digital assets
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Top 10 Fintech Funding Mega Rounds in Asia Pacific in 2021 so Far
Fintech funding significantly picked up this year and is estimated to have reached US$15 billion in Q1’21, data from CB Insights show. In Asia, fintech investments are projected to surpass US$2.6 billion, the region’s highest quarterly total since Q1’20. Driving
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In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks
Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.
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Latvian Startup Jeff App Raises $1 Million for First Market Launch in Vietnam
Jeff App, a Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round. Jeff App said that the funds will be used to launch new products and fuel growth
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APAC Insurers Must Ramp up System Modernization Efforts
The COVID-19 pandemic has accelerated the adoption of digital technologies in all sectors and across all regions. In Asia Pacific (APAC), insurers have recognized the importance of system modernization for the long-term success of their business. Yet, most are still
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Insurtech Gets a Boost in India Amid Rising Digital Adoption
Fundamental shifts in consumer preferences, favorable regulation, and rising interest from investors are stimulating the growth of insurtech in India. Results of a survey conducted by the Boston Consulting Group (BCG) and the Federation of Indian Chambers of Commerce and
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How COVID-19 Served as a Catalyst for Digital Insurance in Vietnam
In Vietnam, COVID-19 has been a catalyst for digital transformation in the insurance sector, forcing incumbents to ramp up their digital capabilities and embrace technology. Post and Telecommunication Joint Stock Insurance Corporation (PTI), one of the Vietnam’s top three non-life
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Banking-as-a-Service a New Battleground for Banking Incumbents and Challenger Banks
With a new Banking-as-a-Service (BaaS) model, financial services providers can save up to 95 percent of a typical customer acquisition cost, according to a new report from Oliver Wyman. The report said that the typical customer acquisition cost can be
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6 Key Players in Asia’s Buy Now Pay Later (BNPL) Battleground
‘Buy now, pay later’ (BNPL) adoption is set to grow exponentially in the coming years with Asia Pacific (APAC) being the key driver. A study by Coherent Market Insights estimates that the global BNPL was valued at US$7.3 billion in 2019,
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