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Alipay+ contributes more than 80 percent of inbound QR payments via DuitNow in MalaysiaAlipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia. Alipay+ said in a statement on Monday that the contribution is reflecting a successful public-private partnership in building a more connected payments ecosystem. According to the statement, in the peak travel season in December 2024, the...0 Comments 0 Shares 5K Views 0 Reviews
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AMRO sees fragmented systems, regulatory alignment, and cybersecurity as challenges for ASEAN regional payment connectivityWhile ASEAN’s regional payment connectivity (RPC) is making good progress, ASEAN+3 Macroeconomic Research Office (AMRO) sees some challenges, including fragmented systems, regulatory alignment, and cybersecurity remain. The research house said in a note on Thursday that as more bilateral arrangements are added under the RPC, the complexity of integration increases. Besides, the pace of...0 Comments 0 Shares 4K Views 0 Reviews
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Ant Digital Technologies establishes international headquarters in Hong KongAnt Group’s subsidiary Ant Digital Technologies has established its international headquarters in Hong Kong, the firm said in a statement on Tuesday. The firm said in a statement that the office for attracting strategic enterprises (OASES) held the OASES partnership signing ceremony on Tuesday to welcome a new batch of strategic enterprises to set up or expand their operations in Hong...0 Comments 0 Shares 3K Views 0 Reviews
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FancyTech eyes expansion into Indonesia to drive global AI content growthGlobal artificial intelligence (AI) firm FancyTech is eyeing expansion into priority markets, especially Indonesia, following its B+ funding round. The firm said in a statement on Wednesday that the round is co-led by GSR Ventures and Zhilin Capital, with previous backers, including DCM, reaffirming their commitment to further develop FancyTech’s AI-driven content platform. The company...0 Comments 0 Shares 4K Views 0 Reviews
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Google Cloud expands AI-ready data center capacity in JakartaGoogle Cloud has on Wednesday announced it has expanded – and is continuing to expand – the computing capacity of its Jakarta cloud region to meet customer demand. The firm said in a statement that this will empower more organizations in Indonesia with access to cloud-based enterprise AI capabilities to drive new competitive advantages, uplift workforce productivity, and enhance...0 Comments 0 Shares 2K Views 0 Reviews
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Grab Malaysia signs MoU with government agency MDEC to drive digitalization of MSMEsGrab Malaysia said Wednesday that it will collaborate with the Malaysia Digital Economy Corporation (MDEC) through this Memorandum of Understanding (MoU), as part of MDEC’s Business Digitalization Initiative to empower the digitalization of micro, small, and medium enterprises (MSMEs) in Malaysia. Grab Malaysia said it recognises the government’s holistic approach to fostering...0 Comments 0 Shares 3K Views 0 Reviews
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Grab raises full year earnings forecast as it announces 1Q resultsSoutheast Asia’s super app Grab Holdings Ltd announced Wednesday it is raising the company’s full year adjusted earnings before interest, taxes, depreciation, and amortisation (EBIDA) after the Singapore-headquartered company achieved another quarter of record revenues. “We continued to drive profitable growth across the business, with Grab achieving another quarter of...0 Comments 0 Shares 2K Views 0 Reviews
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Largest Philippine fintech company GCash said to pick banks for IPOGCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...0 Comments 0 Shares 6K Views 0 Reviews
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Malaysia and Cambodia officially launch cross-border QR payment phase 2Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have on Tuesday launched phase 2 of the cross-border QR payment linkage between Malaysia and Cambodia. With this expansion, Malaysian travelers can now seamlessly pay Cambodian merchants by scanning the KHQR using native mobile payment application of participating financial institutions. Cambodian travelers to Malaysia can...0 Comments 0 Shares 3K Views 0 Reviews
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Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challengesMaybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN. The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee. “We don’t rule out it may...0 Comments 0 Shares 5K Views 0 Reviews
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Maybank : macro uncertainty caused by tariffs could slow the growth trajectory of the digital economyMacro uncertainty caused by tariffs could slow the growth trajectory of the digital economy, especially for players reliant on discretionary consumer spending, Maybank Investment Bank said in its note on last Thursday. According to the research house, although ASEAN internet players have no US exposure and as such are not directly in the path of tariff wars, a macro slowdown and less private...0 Comments 0 Shares 2K Views 0 Reviews
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