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ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. ANEXT Bank continues to focus on serving the underserved MSMEs.
This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. It also comes a payment card which allows users to spend their crypto directly in fiat currency. The platform is designed for travelers and tech-savvy consumers alike.
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. As companies increasingly operate on multi-party platforms and marketplaces, the ability to accept and send payments to third parties is vital. Source: Square. Source: Stripe.
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