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SC Ventures, Standard Chartereds fintech investment arm, has launched Labamu , an invoicing and billing platform for APAC small and medium enterprises (SMEs). Labamu aims to improve operations, increase sales, and provide access to financial services. The platform is initially rolling out in Indonesia.
Among the 2025 honorees, 13 companies come from Asia-Pacific (APAC), underscoring the regions growing impact on cross-border transactions. The 13 APAC companies featured this year span a diverse range of industries, including telecoms, financial institutions, tech giants, and fintech startups.
This milestone that builds on Tribes October 2024 expansion into Asia-Pacific (APAC) , marked by the opening of its Singapore office. Additionally, Tribe will benefit from the SFAs networking events, insights into evolving regional regulations, and inclusion in the prestigious SFA FinTech Registry.
The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says. billion underbanked adults. million registered users.
A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. The APAC region led this trend, contributing nearly two-thirds of global spending, with a combined US$9.8
In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). This shift is not merely about adopting new technologies; it’s about reimagining the role of finance in driving future business success.
It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. The APAC digital wallet phenomenon The meteoric rise of digital wallets in APAC is no accident. With global digital wallet payments projected to reach US$19.6
As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking. Across Latin America, a staggering 70% of the population is either unbanked or underbanked, with limited access to credit and basic financial services.
Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financialinclusion and opening up new opportunities to large underbanked communities in many African countries.
Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 As the fintech sector continues to grow and evolve in APAC, organizers are hosting a number of large-scale events to showcase the region’s latest innovations and fastest-growing players. billion in H2 2022 to US$5.1 billion, the data show.
In Asia-Pacific (APAC), the financial landscape is evolving rapidly amid technological advancements, changing customer expectations and the rise of fintech. This vibrant ecosystem is demanding finance and fintech professionals to stay updated with the latest trends and innovations.
In celebration of this year’s International Women’s Day on 8 March, the Fintech News Network is unveiling its selection of ten of the most influential female fintech leaders in Asia Pacific (APAC). Their influence goes beyond their own organisations, significantly impacting the fintech sector across the entire APAC region.
These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financialinclusion. The exhibition area hosted over 600 exhibitors and 41 international pavilions across five thematic zones.
. “This license reinforces TerraPays commitment to building a seamless and compliant payments ecosystem across APAC. Malaysia is a key market, and we are excited to deepen partnerships that drive financialinclusion and innovation, said Ambar Sur , Founder & CEO of TerraPay.
This solution also facilitates embedded finance and contextual banking, allowing banks to offer financial services through partner ecosystems via a Banking-as-a-Service (BaaS) model. This is particularly relevant for underbanked regions in Southeast Asia and the Middle East, where financialinclusion remains a priority.
1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.
Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. This isn’t just a step forward; it’s a leap into the future of business financing.
dLocal , the leading cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer , a prominent cross-border payments company with a significant presence in EMEA, Latin America, and APAC. “We are excited to extend our reach and continue delivering top-tier payment solutions.”
1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.
These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financialinclusion, and improving service delivery. Walee Financial Services Hakeem is a cutting-edge digital financing app designed to facilitate seamless B2C financing in Pakistan.
One of the poorest countries in the Asia-Pacific (APAC) region, East Timor, or Timor-Leste, is trying to foster economic development and growth, albeit while facing a number of challenges. During 2019 and 2020, the total number of financial services access points jumped from 1,642 to 4,925 – an increase of 200 per cent.
Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa.
Offa , the UK Islamic property finance fintech, is joining Connect IFA , a specialist mortgage brokerage network. It plans to leverage its Islamic finance industry experience via engagement with Connect IFA through events and webinars to raise awareness of its ethical finance products, designed in accordance with Islamic finance principles.
Card Payments Surge Across APAC Among card payments, debit cards remain the most popular transaction type in China, boosted by a state-backed inclusivefinance programme to encourage bank account openings in rural areas. In India, credit card payment transactions recorded the highest growth in APAC.
The event’s three themes—Integration, Virtualisation, and Eastward Expansion—explore the future of finance, celebrating innovation in Southeast Asia. With four stages and speakers from 15 APAC countries, the show invites exploration of trends, success stories, and investment strategies. Masakazu Osawa “Asia, home to 4.7
Southeast Asian digital finance platform for micro, small and medium enterprises (MSMEs), Funding Societies , has signed its third credit facility with HSBC under its ASEAN Growth Fund. Furthermore, the region still has a $2.5trillion credit access gap, making up over half of the global shortfall in small business financing.
Money20/20, a prominent fintech show, will be holding its first Thai edition in Bangkok this year, coming to the Queen Sirikit National Convention Center from April 23 to 25, 2024 for a multiple event centered around the future of finance. These themes will be celebrated through four stages featuring speakers from 15 APAC countries.
The International Finance Corporation forecasts that $5.2 trillion in MSME lending goes unserved each year worldwide, while over half of that funding gap occurs in the Asia-Pacific (APAC) area, according to the announcement. It also illustrates Velo’s capacity as a bridge asset enabling greater financialinclusion.”.
Cutting-edge technology, inclusivefinance among the main topics Money20/20 Asia 2024 spanned three days of insightful sessions, discussions, and keynote addresses focusing on various aspects of fintech and finance. Let’s take a closer look at some of the highlights from the event.
In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista , technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.
In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks , including South Korea’s Kakao Bank, India’s Paytm Bank, and China’s AIBank, WeBank, XW Bank, and MyBank, are redefining banking paradigms. The success of MYBank is rooted in its approach to SME financing.
Additionally, the event will provide a forward-looking perspective on the future of BNPL and its potential to reshape consumer finance and the wider payments industry. Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO.
The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. How Does Project Nexus Work? Nexus is designed to standardise the way domestic payment systems connect with each other across borders.
Financialinclusion and fostering financial empowerment in Southeast Asia are hot topics on the agenda at this month’s Money20/20 ASIA event in Bangkok. Speakers from 15 APAC countries will explore the future of finance, celebrating innovation in Southeast Asia across four stages. “Asia, home to 4.7
The Money20/20 Asia show welcomed over 3000 attendees, who traveled from 87 countries including 24 countries in APAC. ” Unsurprisingly, AI, cross-border payments, open banking, digital assets, CBDCs, as well as financialinclusion were hot topics on stage at Money20/20 Asia.
Twimbit, a Singaporean research and advisory firm, identifies data monetization as one of the biggest growth opportunities for banks in Asia-Pacific (APAC), which, alongside super-app platforms, financial marketplaces, banking-as-a-services and buy now, pay later (BNPL) arrangements, are projected to contribute over 40% of banking revenue by 2030.
The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions.
HashKey Group – US$100 million, Series A HashKey Group, a cryptocurrency firm headquartered in Hong Kong, said in January that it had raised nearly US$100 million after the completion of a Series A financing round. Established in 2018, HashKey Group is a leading end-to-end digital asset financial services group.
In this fireside chat, Siu explored the pivotal developments in Web3 that are poised to redefine the landscapes of technology, finance, as well as digital democracy in the coming year. It also gave an overview of impactful strategies, partnerships and innovations making financial services accessible and empowering communities. .
WSPN , a leading global digital payments company, proudly announces a strategic collaboration with Fireblocks , an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, to expand global digitals payment adoption and propel financialinclusion.
The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. In 2016, two key events changed India’s approach to digital finance. Up until then, an estimated 96 per cent of transactions in the country were conducted in cash.
Akulaku – US$520 million Banking and digital finance platform Akulaku has raised a total of US$520 million in VC funding, data from Dealroom show, making it the second most well-funded fintech startup in Indonesia. Founded in 2016, Akulaku is a banking and digital finance platform in Southeast Asia. in July 2023.
Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services.
Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. At Boku, we want to be at the heart of this transformation.
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