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In May 2024, Aspire launched in Hong Kong, offering a suite of financial solutions to SMEs, including the ability to open local business accounts for payables and receivables management, international payments, as well as paymentgateway solution. The group reported a gross transaction value (GTV) of IDR 116.5 trillion (US$7.2
Facebook’s launch of Libra on June 18 unleashed a firestorm of media coverage, mostly repetitive, and mostly a piling on over the regulatory bear that it poked when unveiling its global payments plus cryptocurrency plans. Given the regulators’ antipathy toward cryptocurrency, that could be problematic. Just like WeChat did.
Similar to its US strategy, Amazon is investing in enabling faster frictionless payments to help boost marketplace sales — always a key focus for the e-commerce giant. Its first entry point in the market was in payments in October 2014. Rumor: Ripple is helping Amazon with cross border payments.
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