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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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Are 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
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How 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
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Fitch: DBS, OCBC, UOB to See Minimal Impact from Digital Banks’ Deposit Cap Raise
Singapore’s digital banks have recently raised their deposit caps, but this move is not expected to significantly impact the profitability of local banks DBS, OCBC and UOB, according to Fitch Ratings. Grab and Singtel’s GXS Bank as well as Sea
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Fintech Layoffs Rock Asia in 2023: Who’s Next?
The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures. From Singapore to Hong Kong, prominent fintech players have been forced
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GXS Bank Expands Access to Savings Account, Raises Deposit Cap to S$75,000
Grab and Singtel’s GXS Bank has made its savings account available on a first-come, first-served basis. The digital bank has also raised the deposit cap for its GXS Savings Account to S$75,000. This move possibly indicates that the Monetary Authority
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Salesforce’s Findings Show That Consumers Crave Better Experiences from Their Bank
In Singapore, competition in the financial services industry is heating as customers grow frustrated with underwhelming digital experiences and are becoming more and more open to switching providers. A new global survey conducted by customer relationship management (CRM) provider Salesforce
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IMF 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
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Real-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
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