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DBS Banking Masterstroke Coming to an End Under Piyush Gupta

Fintech News

This Friday, March 28, 2025, marks the end of an era for DBS Bank as Piyush Gupta steps down after an extraordinary 16-year tenure as Chief Executive Officer. During his tenure, he turned DBS from a traditional lender into a globally recognised powerhouse of digital banking. His leadership has been nothing short of transformative.

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Digital Wallets Overtake Credit Cards as Top E-Commerce Payment Method in Singapore

Fintech News

The figures represents a more than fivefold increase for e-commerce transactions over the past decade, from just 7% in 2014. In the POS segment, the share of transactions made via digital wallets surged 28 points from a mere 1% in 2014. Mobile wallets in Singapore, Source: The complete guide to mobile wallets 2025, Thunes DBS PayLah!

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QR Code and Instant Payments Drive Cambodia’s E-Commerce Surge

Fintech News

year-over-year (YoY), according to the National Bank of Cambodia (NBC). Wing Bank, TrueMoney among most used services for e-commerce payments Findings from the study featured in the Profitence report further underscore the rapid rise of digital payments and digital banking in Cambodia. million transactions in 2023, up 28.7%

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

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The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. These banks introduced formal ledger-based accounting and cheque payments. This was a significant step towards non-cash payments but was slow and prone to errors.

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The International Unicorn Club: 107 Private Companies Outside The US Valued At $1B+

CB Insights

In 2014, 37% of all companies that achieved their first $1B+ valuation were based outside the US. We also charted the share of unicorns that have been added to the club each year since 2013 by location (US vs. non-US). Rounding out the top 3 are electronics company Xiaomi ($46B) and online lending platform Lu.com ($18.5B).