Southeast Asia

Fintech funding in SEA freefalls 74% in Q3

Rising interest rates, macroeconomic factors, and fear of reduced startup valuation caused this downfall.

Int’l businesses target ASEAN for supply-chain connectivity versus consumer market

Growth in sales for the region is expected to climb 23.2% in the next 12 months.

Financial regulators in ASEAN pledge to bolster partnerships, region to grow 4.5%

The ministers and governors discussed maintaining strategies amidst geopolitical tensions, debt, and sustainability hurdles.

The majority of Singaporean and Hong Kong youth believe that financial advice-seeking is beneficial

The study reveals that family comes in third most reliable source of financial advice.

Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions

The new framework is expected to synergise with cross-border payment initiatives.

QR payments seen to skyrocket by 2028 – Study

Its transaction volume is expected to reach 90 billion by 2028.

SEA payment transactions to climb $54t by 2027 – report

Vietnam and Indonesia will have the biggest share in payment transaction volume.

Housing loans, online loans most popular in SEA: study

Analysts said the rise in home loans is likely caused by the region’s geolocation.

E-wallet Nagad reaches 80 million account registers

This was in line with their journey of boosting the region’s SDGs.

SEA gains 8.1 million new fintech users in Q1: study

Fintech penetration in the region was estimated at 83.3%.

SEA’s interest in lending products increase 15%: Study

Total number of monthly requests is at 741.5k per month.

Islamic Development Bank, WHO start healthcare investment platform

The Islamic Development Bank is part of the collaboration where Malaysia and Indonesia are country members.

Nearly 9 in 10 SEA people now have access to credit

The report delves deeper into the effects of credit access on financial services provider (FSP) customers.

Citi Commercial Bank names head of corporate finance for ASEAN

Citi has also named a new country head for Citi Commercial Bank Malaysia.

OxPay and NomuPay ink partnership for market expansion

OxPay will be able to enter new markets where NomuPay already services.