Tag "Southeast Asia"

Australian Fintech Startups Seek Singapore Investors to Help Fund SE Asian Expansion

With more and more Australian fintech companies interested in expanding into Asia, nine Aussie fintech startups will be showcasing their solutions during the Singapore Fintech Festival (SFF)’s Deal Fridays. Deal Fridays, jointly organised by the Monetary Authority of Singapore (MAS)

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Why Digital Ecosystems Are Key for Incumbents to Tap a US$25 Billion Opportunity

In Southeast Asia, the emergence of fintech startups and the entrance of bigtechs and platform services providers into the financial services space are shaking up the industry, forcing traditional financial services businesses to collaborate with other ecosystem participants and venture

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Southeast Asia Gears up for Open Finance Movement

Open finance, the next step in the open banking movement that broadens the scope to a wider range of products and services, offers new growth and distribution opportunities for banks, fintechs and other financial services providers. In Southeast Asia, regulators

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Real-Time Digital Payments Soar in Southeast Asia

In Southeast Asia, real-time payment schemes are entering the mainstream with many consumers now favoring the payment option over cash, a shift caused by changing payment necessities and preferences amid the COVID-19 pandemic, a new research by industry player ACI

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Vietnam, Philippines, Indonesia Among Top 10 Most Unbanked Countries in the World

Among the top ten most unbanked countries in the world, three are located in Asia Pacific (APAC), namely Vietnam, the Philippines and Indonesia, according to data provided by British research platform Merchant Machine. Vietnam ranks second in the top ten

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Southeast Asia Enters Digital Banking Era

The transformation of consumer expectations and incumbent banks’ slowness to meet evolving consumer needs are creating significant opportunities for Southeast Asia’s new and upcoming digital banks, a Boston Consulting Group (BCG) study found. A survey of 3,250 consumers and 1,350

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Competition Heats up in Southeast Asia’s Buy Now Pay Later Market

In Southeast Asia, buy now pay later (BNPL) is becoming an increasingly popular way for shoppers to pay for purchases and players including Grab, GoJek, Razer and Oriente have all jumped at the opportunity. BNPL allows customers to make purchases

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E-Commerce Payment Trends in Southeast Asia

Southeast Asian economies performed remarkably well in 2020 despite the pandemic. The Asian Development Bank (ADB) estimates a contraction of 3.8% for the region in 2020, a modest figure when compared to the eurozone at 7.9% and Britain at 10.1%.

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Southeast Asia’s Young, Tech-Savvy Population Drives Rise of Data-Driven Banking

Southeast Asia’s young, digitally-savvy and unbanked populations are driving the rise of digital banking, forcing financial services companies to unlock the power of data to provide better, more personalised and more affordable products and services, explained Arvid Swartsenburg, Head of

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Fintech Sees Strong Growth in South East Asia as COVID-19 Skyrockets Digital Adoption

Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Owing to the surge in digital adoption by customers and businesses, usage of digital financial services has jumped

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