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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.
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. trillion.
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.
Shortly after expanding into Asia Pacific (APAC) by opening its Singapore office in October 2024, Tribe Payments aims to strengthen its presence in the region by joining the Singapore FinTech Association (SFA), signalling its commitment to fostering innovation and collaboration across APAC.
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.
Financialinclusion opportunities for Southeast Asia’s fintechs The report, released in December, explores the driving factors and key trends in Southeast Asias fintech market, highlighting Southeast Asias robust fundamentals which have been propelled the fintech sectors rapid growth. billion underbanked adults.
As digital wallets evolve from simple payment tools to comprehensive financial ecosystems, they’re writing a new chapter in the story of money – one that’s distinctly Asian in its origin but global in its implications. The APAC digital wallet phenomenon The meteoric rise of digital wallets in APAC is no accident.
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
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 an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.
In Asia-Pacific (APAC), the financial landscape is evolving rapidly amid technological advancements, changing customer expectations and the rise of fintech. Here’s a curated list of the top fintech events taking place in APAC in Q2 2024.
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.
In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets. For the firms that get it right, the opportunity within APAC is significant.
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. It aims to accelerate digital transformation and advance financialinclusion.
This announcement recognises FOMO Pay’s dedication to fostering financialinclusion and growth across the APAC region and beyond.” ” Featured image credit: Edited from Freepik The post FOMO Pay and BNY to Streamline USD Payment Services for Corporate Clients appeared first on Fintech Singapore.
This will transform how individuals and businesses transact internationally, unlocking new opportunities for financialinclusion and global trade,” said Jason Tay, Head of Commercial at StraitsX. The post StraitsX’s XSGD Expands Reach with Bitstamp Listing appeared first on Fintech Singapore.
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.
Niklas Wiberg expressed support for Vilja’s initiative and highlighting the importance of promoting innovation that drives economic growth and financialinclusion. His remarks underscored the significance of international collaboration in advancing the region’s financial landscape. Swedish Ambassador to Malaysia, H.E.
3 Programmable Money: Advancing FinancialInclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financialinclusion and the global movement of money.
In APAC, financialinclusion has emerged as a driving force behind digital innovation. ” Against this backdrop, he placed a strong emphasis on financialinclusion and transparency, particularly in the context of Asia’s developing markets.
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.
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.”
3 Programmable Money: Advancing FinancialInclusion or Creating Walled Gardens, Powered by J.P. The discussion will cover key aspects such as the impact on cross-border payments, liquidity funding needs, and the broader implications for financialinclusion and the global movement of money.
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.
With four stages and speakers from 15 APAC countries, the show invites exploration of trends, success stories, and investment strategies. Ian Fong “Home to the largest emerging markets, all eyes are on Asia which has been identified to be the largest financial ecosystem in the world by 2030. Masakazu Osawa “Asia, home to 4.7
Card Payments Surge Across APAC Among card payments, debit cards remain the most popular transaction type in China, boosted by a state-backed inclusive finance programme to encourage bank account openings in rural areas. In India, credit card payment transactions recorded the highest growth in APAC.
These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financialinclusion, and improving service delivery. RCBC Diskartech is a multilingual financialinclusion application, available in Taglish (Tagalog-English) and Cebuano.
The Asia-Pacific (APAC) region has grown its middle class and gained tremendous traction in terms of increasing access to formal banking services and digitalising its commercial environment. The post HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses appeared first on The Fintech Times.
Money20/20 Asia 2024 in Bangkok, which marks the event’s third location following Amsterdam and Las Vegas, promises a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more.
It also identifies how lawmakers and central banks are pushing for adoption, determined to reap the economic benefits of real-time payments and drive financialinclusion for their citizens. With four of the top five real-time payments markets by volume, the APAC region is projected to see over 351.5 It had 185.8
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.”. The International Finance Corporation forecasts that $5.2
Frederic Ho, who is the APAC VP at Jumio , a global provider of automated, AI-driven identity verification said that online identity verification plays an important role in digital transformation to ensure the transacting person is who they claim to be. .
Australia-founded global payments platform Airwallex has appointed Andrew Balint as VP, marketing, APAC (ex-China).Balint Most recently he was the VP, marketing ANZ and APAC at Afterpay for four years, leading the buy-now-pay-later platforms marketing efforts across brand, growth marketing, product marketing as well as customer experience.
Day 3 explored topics like Web3 developments, Malaysia’s fintech journey, and fostering financialinclusion in Asia. Nium also revealed that its partner Jeonbuk Bank in Korea is now live with a real-time remittance service, further reflecting the company’s growth in the Asia-Pacific (APAC) region.
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.
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.
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.
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.
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
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.
This development addresses the demand for faster, more cost-effective global transactions, reducing the complexities of conventional financial systems. By offering greater financialinclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments.
She further showed how fintech is driving financialinclusion and explored trends in fundraising, investing, Islamic fintech as well as digital assets. 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.
Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO. Revolutionizing ePayments: Fintechs as Catalysts for FinancialInclusion June 26, 2024, 11:00 MYT Embracing the digital transformation holds significant promise for Micro, Small, and Medium Enterprises (MSMEs) in Malaysia.
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