Tag "Digital Payments"

In Singapore, Digital Wallets are Set to Overtake Credit Cards and BNPL is Fast-Growing

COVID-19 has spurred a spike in e-commerce globally, propelling with it digital payment adoption. In Singapore, digital wallets are set to overtake credit cards as the preferred online payment method over the next four years, and buy now pay later

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OVO’s CEO Provides an Insiders’ Look into Indonesia’s Thriving Fintech Scene

Indonesia is considered the crown jewel for many fintechs looking to expand to the ASEAN market. Over the past 15 years, Indonesia has made remarkable progress in reducing poverty which is now below 10%, according to the World Bank. During

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5 E-Commerce Payment Trends to Watch out for in 2021

COVID-19 has accelerated consumers’ shift to digital channels with online shopping volumes reaching new highs around the world. In Southeast Asia, e-commerce has emerged as the growth engine for the region’s digital economy, growing 63% to reach US$62 billion in

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Booming Adoption of Digital Payments Bring New Security Risks

In Asia Pacific (APAC), adoption of digital payments has been on the rise over the past couple of the years but COVID-19 has significantly accelerated consumers’ shift towards digital commerce with no signs of turning back. This rapidly evolving payment

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Redefining Finance for Good: How DBS Responded to the Pandemic

The COVID-19 pandemic has no doubt shifted consumer behaviours dramatically, pushing businesses from across sectors to adapt to these new changes. Banks are similarly impacted by these changes as well. In partnership with Finastra, we’re running a series of interviews

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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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Where Does The Future of Payments Lie For South East Asia?

The payment space in South East Asia is a hotbed for innovation with many players vying for a piece of the action, we’re seeing many exciting things happening in this space from interoperable QR payments to central bank-backed digital currencies.

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Overview of Vietnam’s Major E-Wallet and Mobile Payment Players

In Vietnam, digital and mobile payment is undeniably the most developed and crowded fintech segment. According to the State Bank of Vietnam (SBV)’s recently updated list, there are currently 30 licensed non-bank payment intermediary intermediary services in the country with

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Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months

The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four

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NETS Enables Over 500 Singaporean Hawkers to Accept Cashless Payments

22 coffee shops, 10 hawker centers and 12 industrial canteens have adopted a unified digital payment solution provided by NETS, Enterprise Singapore said on June 29. The solution combines in one point-of-sales terminal and a single SGQR label a total

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