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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving business models, and API monetization that are fueling the growth of the sector.

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The Journey of Payments and Clearing Systems in India

Finextra

24x7x365 Availability (2019-2020): NEFT and RTGS were made available round the clock, further enhancing real-time payment capabilities. Bharat Bill Payment System (BBPS) (2016): Standardized and simplified bill payments across the country. UPI-PayNow with Singapore, now also active in UAE, France, Bhutan, Sri Lanka, Nepal, and Mauritius).

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Which Wallet Solution Matches Your Business Model: eWallet or Digital Wallet?

Finextra

It expresses the views and opinions of the author. It expresses the views and opinions of the author.

eWallet 52
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Wallet wars: How digital payments are reshaping finance

The Payments Association

The ascent of digital wallets The evolution of digital wallets has mainly been shaped by advancements in technology, a demand for convenience, and the broader shift towards cashless economies. For example, Goldman Sachs partnered with Apple for the Apple Card and savings account offering in 2019.

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Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes

Fintech News

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. Growth drivers boosting Vietnam’s digital economy Vietnam’s digital transformation is supported by a number of factors.

Economy 126
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Economy 118
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India’s Digital Payments Platform Hits $1.34B In June Transaction Volumes

PYMNTS

Neil Shah , an analyst at Counterpoint Research, the Hong Kong-based industry researcher, agreed. Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. It’s going to be a long-drawn process,” he said. The country has diverse needs.

Volume 123