Tag "Asia"

Real-Time Digital Payments Volume Surges 48% in Singapore

Singaporeans are moving away from paper-based payments and embracing real-time digital payments and mobile wallets, a shift that has accelerated with COVID-19, a new report by ACI Worldwide Real-Time Payments and GlobalData says. 2021 Prime-Time for Real Time, a global

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The Future of Finance: How to Cope With Open Banking In Emerging Asia

For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to reach US$69 trillion by 2025, or 75% of

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SPAC Frenzy Takes Hold of Asia

After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to boost

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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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DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution

Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In

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Here Are 8 Competitions in Asia Your Fintech Startup Can Join

In the tech scene, participating in startup competitions, challenges and hackathons can provide young ventures with great networking and funding opportunities, as well as exposure. For this list, we’ve focused on startup competitions and hackathons for fintechs in Asia. Some

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McKinsey: Banks Need to Reinvent Themselves or They Will Eventually Disappear

In Asia, consumers’ tech-savviness, the rise of fintech, and advances in technology are requiring banks to reinvent themselves, according to a new report by McKinsey. In a paper titled Future of Asia Banking: How Asia is reinvesting banking for the

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Digital-First, Challenger Banks in Asia

Asia’s banking landscape is on the verge of a major transformation as regulators introduce new rules to open up the market and welcome new digital-only, challenger banks. The following list aims to provide a comprehensive overview of Asia’s challenger banks

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5 Wealthtech Trends in Asia for 2020

Technology is transforming all aspects of the financial services industry including asset and wealth management industry. Over the past couple of years, new companies have entered the industry offering advice based on artificial intelligence (AI) and big data, micro-investment platforms,

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What are Stablecoins and Why Is it Growing in Asia?

Stablecoins are cryptocurrencies designed to minimize price volatility, it is often praised for offering the advantages of cryptocurrencies, including transparency, efficiency and low transaction fees, while overcoming the wild price swings inherent to the likes of bitcoin and ether. Proponents

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