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9 Fintech Brand Leaders in APAC Awarded

Fintech News

Nine fintech-focused chief marketing officers (CMOs) have been named among the most influential and purposeful marketers in Asia-Pacific (APAC), recognized by Campaign Asia-Pacific and DoubleVerify for their ability to adapt to a rapidly evolving landscape. Goh has been consistently recognized as a leading marketer in APAC.

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Wise to Open Hyderabad Hub, Launches New Payment Feature for Indian Firms

Fintech News

The team will be led by Smrithi Ravi, the companys APAC Head of Engineering, who will relocate from Singapore to oversee the new hub. Since 2021, it has also offered outward transfers from India through its own AD-II licence, allowing customers to remit up to US$250,000 annually under the Liberalised Remittance Scheme.

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Identity Fraud Surges in Scale and Sophistication, with APAC’s Financial Services Becoming a Prime Target

Fintech News

Between 2021 and 2024, identity fraud rates increased from 1.1% Identity fraud in APAC In Asia-Pacific (APAC) where digital growth is accelerating, identity fraud continues to grow at an alarming rate. Echoing global trends, Sumsub data reveal that financial services are the most affected industry in APAC.

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What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financial inclusion challenges with 820 million unbanked and 1.8 Southeast Asias alternative lending market, including BNPL, is projected to grow at a 45% CAGR, rising from US$26 billion in 2021 to US$116 billion by 2025.

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Finovate Global Ireland: Investing in Payments and Partnerships

Finovate

” Founded in 2021, Nomupay is headquartered in Dublin, Ireland. ” Initially, the partnership will focus on facilitating operations in APAC markets, with other regions to be added over time as TransferMate leverages Deutsche Bank’s extensive international network. Nomupay is a highly reliable partner.”

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Fintech Payment Opportunities Remain Rife Across the Middle East, Says Fuse

The Fintech Times

In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. This has had a huge impact on the growth in outgoing remittances – which rose from $25billion in the early 2000s, to $134billion in 2021. In Morocco, as much as 75 per cent of people had used at least one emerging payment method in 2022.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Travel Rule compliance in APAC. Four Years In, The Compliance Gap in the Travel Rule Still Exists In 2021, the FATF updated its risk-based guidance for virtual assets and VASPs, reinforcing the Travel Rule.