article thumbnail

The Full List of Fintech Unicorns in Asia (2025)

Fintech News

Flipkart acquired PhonePe in 2016, and by 2018, it achieved unicorn status, just three years after it started. It reached unicorn status in 2018 after nearly two decades, following a major funding round. billion Founded in 2018, CRED is a platform that rewards users for paying their credit card bills on time. CRED Valuation: $6.4

FinTech 120
article thumbnail

Payment Processing USA: 2024 Market Overview

Clearly Payments

They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments. Payment Processor: ISO/PayFac : The payment processor handles the sales, support, onboarding, and sometimes technology for merchants, such as the payment terminals and payment gateway.

Process 105
article thumbnail

Kazang Pay Launches Card Acquiring Service in Zambia

Fintech Finance

million debit, credit and ATM cards in issue and 41,000 point of sale (POS) terminals in place. The value of POS transactions has grown to K 111.4 billion by 2022 from less than K 20 billion in 2018, according to the Bank of Zambia. In Zambia, there are around 3.8

article thumbnail

Unveiling Vietnam’s Most Reputable Fintech Companies

Fintech News

The company leads the consumer finance market with over 21,000 points of sale, 16,000 employees, and more than 12 million customers. Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. The platform has served over 14 million users and offers more than 100 convenient services.

FinTech 113
article thumbnail

Olympics Payment Partner Visa Embraces ‘Cashless Japan’

PYMNTS

Visa is working closely with merchants to innovate payments ahead of Tokyo 2020 , including quick service restaurants (QSR) and contactless point-of-sale (POS). At the PyeongChang 2018 Olympic Winter Games, Visa commercially sold wearable products enabled to make payments over contactless payment readers. .

article thumbnail

Hong Kong Alt-Lender Oriente Raises $50M

PYMNTS

Its sales volume increased 20 percent for merchant partners last year. In 2018, Oriente raised $105 million in a funding round, then one of the largest numbers for a startup in Asia. Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia.

article thumbnail

Key Trends Shaping Cross-Border Payments in APAC

Fintech News

For point-of-sale (POS) transactions, digital wallets were the leading payment method in China and India in 2023. However, cash was the top POS payment method in six APAC markets, namely Indonesia, Japan, Malaysia, Philippines, Thailand and Vietnam. The super app approach is now reshaping retail and commerce.