Tag "Digital Payments"

A Look at India’s Grand Vision to be a Global Payments Powerhouse

In June, The Reserve Bank of India (RBI) released its Payments Vision 2025, a document that outlines the central bank’s ambitions for the domestic payment ecosystem for the next three years, sharing aspirations for cross-border payment linkage, the development of

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Here Are The Top Trends Shaping India’s Payment Scene

India’s digital payments space has seen a massive boom over the past few years, a growth that’s been supported by an expanding e-commerce marketplace and the wider availability of acceptance infrastructure at physical stores. Building on the rise in digital

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India’s RazorPay Sees 611% Growth In BNPL Business Last Year

Razorpay, one of India’s leading payment getaways, has released the 10th edition of its (COVID) Era of Rising Fintech, outlining the growth it witnessed during the past year. Among the most staggering figures shared in the report, the company said

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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

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Fintech Adoption Surges in Southeast Asia, Led by Digital Payments and Online Lending

Usage of digital financial services is witnessing strong growth in Southeast Asia this year, a trend mostly driven by digital payments and digital lending adoption, according to the eConomy Southeast Asia Report 2021. The annual report, produced by Google, Temasek

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“No Pressing Need” for a Digital Singapore Dollar Despite Benefits

There is “no pressing need” for a retail central bank digital currency (CBDC) in Singapore at this point in time, but market shifts and changing customer expectations are nevertheless forcing the central bank to prepare for a possible issuance in

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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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Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking

Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Chinese sellers saw sales volumes surged 65%

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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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