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Southeast Asias fintech industry is flourishing, driven by soaring adoption of digitalpayments, alternative lending, and wealthtech. Simultaneously, increasing purchasing power and discretionary spending have driven a need for seamless, real-time, and secure payment systems.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation.
Across Southeast Asia, fintechs have reshaped how consumers and businesses interact with financial services. The first phase of the digitalpayments revolution brought a more convenient and lower cost method of paying for items, paying back friends and much more.
Saudi Arabia for Information Systems Technology to operate digitalpayment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digitalpayments market in Saudi Arabia.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
In Vietnam, bank-owned apps are rapidly gaining popularity across all generations, outpacing independent fintech platforms like MoMo and ZaloPay, which are seeing a decline in usage and preference, according to a new report by Decision Lab, a Vietnamese market research firm. ShopeePay and VNPay are other prominent digitalpayment platforms.
Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers. From innovative lending platforms to advanced payment processing, fintech is enabling them to access growth opportunities and thrive in today’s competitive markets. Fintech companies see this gap as an opportunity to innovate.
Business-to-business (B2B) fintech companies, which provide financial products, services, or infrastructure specifically for other businesses, are attracting growing interest from investors. Dojo is a payment technology provider from the UK launched in 2021.
International payments app Zing, and global digitalpayments provider, Checkout.com , today announced a partnership to support the launch of a new suite of alternative payment methods integrated into Zing’s app. We’re proud to be working alongside Checkout.com and look forward to further innovation in the future.”
As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? X (formerly Twitter) has made its first decisive step into fintech, announcing a partnership with Visa to power its ambitious new digital wallet, X Wallet.
Fintech is all about keeping up in a fast-moving industry. In Singapore, where cutting-edge financial innovation meets smart regulations, the fintech scene is buzzing with competition and collaboration. 6 Fintech Events to Attend in Singapore in 2025 1.
Visa , the global leader in digitalpayments, has announced the launch of , Tap-to-Add Card, in the Egyptian market. The ‘Tap-to-Add Card’ feature will boost customer confidence and encourage wider adoption of digitalpayments.”
Digitalpayment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. This strategic shift reflects a growing trend in the digitalpayments landscape.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digitalpayment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digitalpayments capabilities to provide merchants with a while-labelled digitalpayments platform.
The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digitalpayment methods are gaining dominance, and helping improve financial inclusion and accessibility. Adoption of fintech products in Vietnam is expected to grow further.
ProjectPay , the construction paymentsfintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
Fintech is playing a pivotal role in the economic growth of Armenia, Azerbaijan, and Georgia. With advancements in payment systems, blockchain exploration, and digital currencies, these nations are harnessing technology to transform their financial landscapes and drive future development. per cent holding a credit card.
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. Here’s our pick of the announcements made at Singapore FinTech Festival 2024.
Geidea , a leading provider of digitalpayment solutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE.
These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digitalpayment landscape in India, and ensuring equal opportunities for all participants, India TV News reported.
That’s why preparing your bank for a seamless digitalpayment platform shift is no longer optional. Understand the importance of a digitalpayment system shift You cant plan for change without knowing why it matters. So let’s start by understanding how customer behavior and the payment industry have changed.
These innovations will give merchants unparalleled visibility into payment flows, further elevate authorisation performance and drive down operational expenses—ensuring both organisations lead the next wave of digitalpayment invention.
EuroPA is an alliance of national digitalpayment champions – 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁(Italy), 𝗕𝗶𝘇𝘂𝗺 (Spain), 𝗠𝗕 𝗪𝗔𝗬 (Portugal), 𝗕𝗹𝗶𝗸 (Poland), 𝗜𝗥𝗜𝗦 (Greece), and 𝗩𝗶𝗽𝗽𝘀 𝗠𝗼𝗯𝗶𝗹𝗲𝗣𝗮𝘆 (Nordics). WHO ARE THE KEY PLAYERS? It expresses the views and opinions of the author.
IDEMIA Secure Transactions (IST) has partnered with the National Payment Corporation of Vietnam ( NAPAS ) to help expand the country’s digitalpayments infrastructure. Through the partnership, NAPAS will integrate ISTs tokenisation technology into its domestic payment network, which connects over 40 banks.
Fintech Galaxy , a regional leader in Open Banking and financial innovation, and ProgressSoft , a global provider of real-time payment solutions, have partnered to fast-track Open Banking adoption and regulatory compliance across MENA. ” — Riyadh Al Zamil, Chairman of Fintech Galaxy’s Board of Directors.
Sethaput Suthiwartnarueput, Governor of the Bank of Thailand , recently addressed the Singapore Fintech Festival, sharing insights on Thailand’s advancements in digital finance. The post Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024 appeared first on Fintech Singapore.
By integrating Alterya’s tools with the Chainalysis blockchain data platform, the partnership seeks to improve fraud detection across digitalpayment systems. Chainalysis plans to expand its team in Tel Aviv to further develop fraud prevention tools and build on Alteryas roadmap to improve security across global payment systems.
Digitalpayments giant Visa has launched Tap-to-Add Card in the Egyptian market, enabling cardholders to add their Visa contactless cards to digital wallets with a simple tap on their mobile device. “Our goal is to empower individuals and businesses with cutting-edge technologies that offer both speed and security.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance.
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digitalpayments, online banking and alternative lending solutions. With over a billion users projected to access digital financial services by 2026, the region is ripe with opportunity — and equally vulnerable to escalating fraud threats.
With this decision, Finandina is not only safeguarding its customers today but also positioning itself for the future—reinforcing its commitment to innovation, security, and leadership in the new era of digitalpayments. Technology appeared first on FF News | Fintech Finance.
Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets.
Singapore-based digitalpayments firm dtcpay has integrated its platform with Mastercard Move. The tie-up opens access to more than 49 payment corridors for transfers originating in Singapore. This gives customers access to the card network’s global money-movement infrastructure starting this month.
Despite a global shift towards digitalpayments—where 89% of people either already pay or plan to pay bills digitally—many still face a cumbersome experience, with limited card payment options and security concerns. ” said Wong Kah Meng, Group Chief Operating Officer, Funding Societies.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digitalpayments, and evolving consumer behaviours.
Tech Upgrades: Recalibrating the backbone Payments may seem effortless, but making them that way takes major backend tech upgrades and eliminating data silos something JPM zeroed in on three years ago. To build a modern infrastructure that underpins the broader institution, JPM acquired paymentsfintech Renovite Technologies in 2022.
StraitsX, a Singapore-licensed stablecoin issuer and digitalpayment infrastructure provider, has partnered with Standard Chartered to strengthen the reserve management of its U.S. Featured image credit: Edited from Freepik The post StanChart to Support StraitsX Stablecoin Reserves appeared first on Fintech Singapore.
MeaWallet , a leader in tokenization and digitalpayment solutions, announces its partnership with Backbase , the creator of the Engagement Banking Platform. This collaboration aims to deliver innovative tokenization solutions to issuers and fintechs across the Australian and New Zealand markets.
Fintech Galaxy , the open banking infrastructure provider founded in the UAE, is partnering with ProgressSoft , a real-time payment solution provider, to accelerate open banking adoption and regulatory compliance across the Middle East and North Africa (MENA).
“AFAQ” is set to transform how users engage with digitalpayments. Weyay Bank, through the new AFAQ service, not only does meet the evolving needs of its customers, but it also shapes the future of cross-border payments within the GCC.
EdfaPay PCI milestone establishes the company as a regional leader in digitalpayment security. This strengthens confidence and encourages innovation in mobile payment platforms. With the EdfaPay PCI MPoC Certification, the company keeps raising the bar for mobile payments, fintech security, and innovation in MENA.
It is meant to change the way people log in to digitalpayment systems. As the need for fintech security grows, Zimpler ID+ positions itself as a next-gen identity infrastructure that connects seamless payments and user protection. Zimpler ID+ is Zimpler ‘s newest identity verification layer.
Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. The two companies will launch a streamlined payments platform that seamlessly links buyers and suppliers.
With this programme, we aim to leverage Swifts existing infrastructure and Ant Internationals experience and technological capabilities in cross-border and digitalpayments to deliver more convenient and seamless cross-border transaction experiences to merchants of all sizes, all over the world.
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