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Australia’s Airwallex reports 83 percent revenue growth across APACAustralian digital payment firm Airwallex said Wednesday it has reported strong year-on-year revenue growth across its Asia Pacific (APAC) region. Airwallex said in a statement that in the third quarter, it delivered an 83 percent year on year increase in revenue for the region. The firm also grew transaction volume by 49 percent year on year across the APAC region. It has also achieved...0 Commentarii 0 Distribuiri 778 Views 0 previzualizare
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B2B payments are the emerging battleground for Asian banksFor the longest time, owning the consumer payments space has been Asian banks’ key focus However, the shift is likely to change in favor of the underserviced B2B payment segment and right now banks are coming up short in their offering. The need for banks to lift their B2B payments game is being driven by three trends. First, consumers’ use of digital wallets has reached an...0 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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Building a neobank: The future of financial servicesAcross the board, the financial services industry has been undergoing a radical, digital transformation — and it is not just a matter of cloning and then integrating traditional services to digital platforms, either. Neobanks in particular — digital-only financial services platforms — have been emerging to solve the long-standing issues that have plagued traditional banking...0 Commentarii 0 Distribuiri 580 Views 0 previzualizare
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Funding Societies secures $25M investment from Cool Japan FundFunding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised US$25 million in equity investment from Japan’s sovereign wealth fund Cool Japan Fund (CJF). The investment from CJF signifies the fund’s first investment into a Fintech company in Southeast Asia, Funding...0 Commentarii 0 Distribuiri 698 Views 0 previzualizare
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GCash said to weigh record Philippine IPO of up to $1.5B – reportGCash, the largest fintech platform in the Philippines, has invited banks to pitch for an initial public offering (IPO) in Manila to potentially raise $1 billion to $1.5 billion, Bloomberg reported on Thursday, quoting people familiar with the matter. The company intends to list in the second half of next year, the people reportedly said. An IPO of that size would likely make it the biggest...0 Commentarii 0 Distribuiri 1K Views 0 previzualizare
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Hong Kong’s ZA Bank becomes Asia’s first bank to offer crypto trading services for retail usersZA Bank, Hong Kong’s first and largest digital bank, has achieved another breakthrough as Asia’s first bank to offer cryptocurrency trading services directly to retail users. Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HK dollar and US dollar (this platform currently supports trading services exclusively for Bitcoin and Ethereum) — all...0 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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Maybank sees ASEAN internet players to lead growth ahead of global peersMaybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers. The research house said in a note that these domestic companies delivered an all-round performance in the third quarter of 2024, gained market share (versus Lazada or FoodPanda) and achieved growth that is in line/ahead of global peers (such as MELI or...0 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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Singapore’s Carro receives strategic investment from Woori for SEA expansion plansCarro, a Singapore-based online used car platform, said Tuesday it has received strategic investment from Woori Venture Partners as the firm ramping up expansion plans in Southeast Asia (SEA). Carro said in a statement that the strategic investment marks Woori’s first late-stage deal in SEA to form the closer partnership. Via its latest strategic investment from Woori Venture Partners,...0 Commentarii 0 Distribuiri 877 Views 0 previzualizare
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Singapore’s Osome reports over 25 percent revenue growth, eyes Asia expansionOsome, the Singapore-based fintech platform for business and financial management, has on Thursday announced strong 25 percent revenue growth year on year and significant progress in operational efficiency, customer service, and bottom-line performance. The company said in a statement that it also unveiled ambitious 2025 growth plans, focusing on product innovation, market expansion, and a...0 Commentarii 0 Distribuiri 377 Views 0 previzualizare
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