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

Fintech News

In Q4 2022, Moca by Grab ranked as the sixth most used digital financial platform in Vietnam with an 8% penetration rate, results from a survey of more than 1,500 consumers reveal. These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show.

Finance 109
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How Robots Are Shaking Up The Grocery Industry

PYMNTS

It has gained speed in 2018, showing how fulfillment — in many cases, following the lead of Amazon — is relying less on human participation as eCommerce buyers continue to change their shopping habits and expectations. consumer spending this year on food and beverages, according to PYMNTS research , up from 0.8 percent of U.S.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Instead, Amazon has taken the core components of a modern banking experience and tweaked them to suit Amazon customers (both merchants and consumers). The partnership is significant because of its potential to put Amazon’s Quick Payment button in front of millions of consumers and boost distribution with merchants.

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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Companies are developing products and services aimed at transforming the consumer experience across everything from credit monitoring to personal finance. As a result, consumer adoption is at an all-time high. fintech startups are Changing the consumer experience. get the building the bank of the future report. cbi_cta id=70404.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. Investing: Robo-advisors and micro-investing lower barriers to entry.

Finance 77
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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

Founded in 2018, Aspire has raised more than US$300 million from world-class investors, included Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs).

FinTech 125