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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show. Last month, Grab announced that it will cease the operations of its Moca e-wallet service starting July 01, 2024.

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When Micro Supply Chain Frictions Create Major Payment Bottlenecks

PYMNTS

Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. That could mean improper invoicing, delays or errors in manual data entry, or lost documents.

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Banks Elevate SMB Lending With FinTech Tie-Ups

PYMNTS

The companies have signed a memorandum of understanding (MOU) to develop an “Open Banking network,” and expand access to financial services, with SBM Bank planning to offer a suite of banking solutions through PayNearby’s network of micro-enterprises and retailers via API integrations.

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Micro-Businesses? Major Role In SMB Banking Disruption

PYMNTS

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. “Over the last 10 or 15 years, we’ve seen a lot of micro-businesses emerge that do a lot with fewer people.

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

In June 2024, the startup received approval as a virtual asset service provider from the Central Bank of Ireland, adding to its growing list of licenses and approvals in Singapore, France, Dubai, the UK, South Korea, Australia, Spain, Italy, Greece, Cyprus, the Cayman Islands, the US, and Canada, among other locations.

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How Payroll Evolves Alongside Cross-Border Payments

PYMNTS

Many businesses, however, continue to operate their global payroll as they would domestic, often with spreadsheets, as well as manual data entry and management. “The role of the micro-multinational is here.” “We are now in a global economy, and I can’t see that ever changing,” Reynolds told PYMNTS.

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How Banks Can Stay Relevant In The Era Of SaaS Dominance

PYMNTS

The end game, Aberman said, is to make payments so fully integrated into the software that there is no need for the SMB to interact with a standalone merchant services provider. That is your entry point into how you are going to manage your business, and that is pretty scary for traditional banks.