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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. The APAC region led this trend, contributing nearly two-thirds of global spending, with a combined US$9.8

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Forrester Report: The Future of APAC Payments

Fintech News

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. BNPL, in particular, has surged, rising from accounting for 1.6% of e-commerce payments in 2022 to 4.4%

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Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Fintech News

billion in losses in 2022, with global projections soaring to a potential US$95.9 This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24

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Digital Offerings like BaaS to Contribute Over 40% of APAC Banking Revenue By 2030

Fintech News

Banks in Asia-Pacific (APAC) are diversifying their offerings and embracing innovative digital strategies including super-app platforms, financial marketplaces and banking-as-a-service (BaaS) models. Indian bank and financial services company ICICI Bank is highlighted as one of the top BaaS providers in APAC. trillion by then.

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Codebase Technologies Unveils Financing Platform to Support Underserved MSMEs

The Fintech Times

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. per cent from 2022 to 2031. Globally the financing gap for formal MSMEs is an estimated $5.2

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7 Fast-Growing Fintech Startups in Thailand

Fintech News

The company says its fintech solutions are used by more than 22,000 firms and small and medium-sized enterprises (SMEs) around the world, making it one of the leading payment services providers in Asia-Pacific (APAC) and the US. Roojai claims it experienced robust growth during its fiscal year 2023 starting April 2022 and ending March 2023.

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Here Are 2024’s Top VC Funding Rounds So Far

Fintech News

Uzum said it would use the proceeds from its Series A to advance “develop the country’s IT and logistics infrastructure”, as well as to fund its own buy now, pay later (BNPL) service. Since its Series B fundraise in 2022, the insurtech startup has recorded a 2.5x The funding brought the startup’s total funding raised to US$130 million.