Tag "Asia Pacific (APAC)"

12 Fintechs Make it Into Forbes Top 100 APAC Companies to Watch in 2023

12 fintech companies have been named among the top 100 companies in Asia-Pacific (APAC) to watch this year, recognized by business magazine Forbes Asia for breaking new ground and for their potential to become regional success stories. These companies were

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APAC to Make up for Nearly Half of Global Fintech Revenue by 2030

Global fintech revenue is projected to grow sixfold between 2021 and 2030 to reach US$1.5 trillion annually. Asia-Pacific (APAC) will make up for the lion’s share of that sum, accounting for 40% of global fintech revenue or generating US$600 billion

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Uncovering Why APAC Digital Banks Aren’t Making Money

In response to the evolving demands of customers and the need to address the limitations of traditional retail banking, there has been a significant rise in the number of digital-first banks operating in the Asia Pacific (APAC) territories. With over

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There Are Only 11 Profitable Challenger Banks In Asia — Here’s The List

Most digital challenger banks around the world are struggling to turn a profit, hampered by high customer acquisition costs, burdensome regulatory compliance requirements and limited revenue streams. Boston Consulting Group (BCG) estimates that a mere 5% of over 450 global

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Majority of APAC Consumers Prefer Remittance Services to Be Offered in a Super App

Six in ten consumers in Asia-Pacific (APAC) prefer to use digital-only solutions for their remittance and money movement needs, a trend that’s emerging on the back of changing consumer preferences and demand for greater convenience, better planning and improved inclusivity,

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A 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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Open Banking in APAC: Market-Led vs Regulator-Led Approaches

Open banking is steadily making its way into Asia-Pacific (APAC), and though the industry remains largely nascent compared with pioneers like to European Union, adoption is increasing at a stable pace, enabled by new regulatory frameworks and market-led initiatives. A

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Bigtechs vs Banks: APAC Consumers’ Trust in Financial Services Shifts

In Asia-Pacific (APAC), banking customers are demanding better online experiences and showing willingness to share their personal data if that means being provided with personalized products and services. Customers are also demonstrating increased trust in bigtech companies to fulfill their

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Mastercard’s Study Shows That Buy Now, Pay Later Is Rising in Popularity in APAC

Buy now, pay later (BNPL) options are rising in popularity in Asia-Pacific (APAC) where consumers are increasingly turning to these payment arrangements to pay for bigger-ticket items like electronics and appliances, findings from a Mastercard study show. A survey conducted

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Rising Adoption of IoT Devices Pushes Usage of Edge Computing Upward

In Asia-Pacific (APAC), edge computing is rapidly developing into an important frontier for enterprise innovation and competitive differentiation. Across the region, adoption is rising and usage will only grow moving forward, as consumers, businesses and governments continue to embrace Internet-of-Things

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