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KogoPAY, Siam Commercial Bank to Ease Payments for European Tourists in Thailand
KogoPAY, a UK fintech providing banking and mobile payment services for B2B and B2C, announced that it has forged a partnership with the Siam Commercial Bank (SCB). The collaboration aims to facilitate easier payments and ATM withdrawals for British and
Read MoreA List of Digital Banks in Asia
Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack
Read MoreAn Ecosystem Approach to Banking the Underbanked
Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity, low levels of financial literacy, and Indonesia’s archipelagic geography, the expansion of traditional banking channels has been cost-prohibitive. The result
Read MoreGoTo and Bank Jago Roll Out New Bank Account Offering in Indonesia
Indonesia’s GoTo Financial and Bank Jago, a Gojek-backed digital bank, have launched a new bank account offering that can be accessed directly through the GoPay and Gojek apps. Touted to be first of its kind in Indonesia, ‘GoPay Tabungan by
Read More9 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
Read MoreAre Super Apps the Path to Success for Indonesia’s E-Wallets?
In recent years, Asia has seen an explosion in the usage of e-wallets, particularly in Indonesia, where transaction values of 33.4 percent year-on-year (y/y) to IDR 407.53 trillion (approx. US$27.63 billion) in 2022. The popularity of digital wallets has reached such levels
Read MoreHow to Embrace the Connected Payments Era: A Guide for Businesses by Nuvei
The year 2023 marks the arrival of the connected payments era. This period is characterised by the emergence of innovative payment types, cutting-edge payment infrastructure, and innovative business models. Consumer expectations are also shifting. Today’s savvy consumer is looking for
Read MoreIMF Shows How Central Banks Can Learn from E-Money for CBDC Success
As emerging technologies converge, the world is steered towards new digital money and payment forms. With over 100 countries exploring the potential of central bank digital currency (CBDC), several central banks have already begun pilot projects or even issued their
Read MoreReal-time Digital Payments Fuels Growth Across APAC
The Asia Pacific (APAC) region is rapidly emerging as a stronghold for digital payments, underpinned by customer preferences for a multitude of customised payment journeys, including those for e-commerce purchases, at the point of sale (POS), and business-related transactions. The
Read MoreA Snapshot of 2023 Payment Trends in Asia
In 2022, usage of digital wallets and account-to-account (A2A) payments continued to grow in Asia-Pacific (APAC), carrying on a trend that was accelerated by the COVID-19 pandemic and the expansion of real-time payment systems, a new report by global financial
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