Tag "Asia Pacific (APAC)"

China, India and Indonesia Record Highest Digital Wallet Adoption Rates Across APAC

Across Asia Pacific (APAC), China, India and Indonesia are leading the region in digital wallet adoption. A new report by business payment company PPRO found that in these three markets, online shoppers prefer using e-wallets such as Alipay, Paytm and

Read More

Top 5 Fintech Trends in Asia in 2022

With 2021 behind us, fintech experts and industry participants are sharing their predictions for the year to come, looking at the trends that shaped 2021 to predict the top fintech trends in Asia in 2022 Funding activities, industry developments, public

Read More

The Biggest Insurtech Funding Rounds of 2021 in APAC

2021 has been a record year for insurtech funding. As of Q3 2021, more than US$10.5 billion had been raised by companies in the space year-to-date (YTD), surpassing 2020’s total of US$7.1 billion by nearly 48%, data from insurance advisory

Read More

Instant Cross-Border Payments Will Soon Become a Reality in APAC

Rapid adoption of instant payments and the proliferation of national real-time payment rails are making Asia-Pacific (APAC) a leader in real-time transfers. This, coupled with efforts to make cross-border payments faster and most efficient, are turning the region into a

Read More

Oracle Pledges US$3m in Singapore as It Deepens Cloud Business in Asia

Computer technology giant Oracle is boosting its cloud business in Asia. Oracle’s investment in Singapore involves the opening of the Oracle Cloud Singapore Region, bringing the total of the firm’s cloud regions globally to 33. The new cloud region will be

Read More

McKinsey: APAC Continues to Lead Global Payments Revenue Despite 2020 Decline

Despite a slight decline, Asia-Pacific (APAC) continued to dominate the global payments landscape in 2020. With approximately US$900 billion in revenue, the region accounted for 47% of global payments revenues, according to the 2021 McKinsey Global Payments Report. This year,

Read More

Digital Banking Reaches New Level of Maturity in APAC

In Asia-Pacific (APAC), the COVID-19 pandemic has brought the digital banking industry to a new level of maturity with penetration now approaching 90% across the region. This surge was largely driven by emerging markets, where adoption soared 33% points between

Read More

Big Tech, Super Apps Redefining the Status Quo in APAC’s Banking Space

A major paradigm shift is taking over Asia Pacific’s (APAC) banking sector, driven by a changing regulatory landscape, the onset of open banking, and rising competition from big techs and super apps. By leveraging data and ecosystem partnerships, these new

Read More

In Asia Pacific, Super Apps Are Leading the Digital Banking Race

In Asia-Pacific (APAC), super-apps are not only redefining consumers expectations in banking; these platforms are straight out leading the digital banking race, according to a new report by Swiss digital banking tech provider Banking, Payments: Context (BPC) and Dutch fintech

Read More