APAC

A Peek Into the Future of Digital Payments

Driven by increased smartphone penetration and a rise in digital payments adoption, Asia is widely accepted to be leading in mobile payments globally.

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Asian Consumers Generally Trust Fintech

Consumers in Taiwan, Thailand and Indonesia say they are among the most ready in the world to embrace a cash-free, fintech future, a new study by LINE Corporation reveals. In comparison, consumers in Japan, Korea, U.K. and U.S. are taking more of a wait-and-see approach, despite recognising the appeal of various solutions, the study noted.

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APAC Banks See Big Benefits From Open Banking for Commercial Customers

Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture.

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APAC’s Mobile Payment Usage Climbs 30% in 2018

Consumers in China and India are more likely to reach for their phones to shop and pay. Mobile payment usage in the Asia Pacific (APAC) region grew 30% in 2018 with 63% of consumers citing that their mobile device as their most important shopping tool, according to GfK’s latest FutureBuy report.

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The Role of Asian Countries in Global Cryptocurrency Adoption

Asian countries are taking a leading role in the development of cryptocurrency. Various countries in Asia have emerged as leaders in the cryptocurrency space, and they’re poised to become even more influential in the near future.

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Blockchain to Banking: Key Takeaways From Singapore’s Huge Fintech Festival

Global finance and technology companies converged on Singapore this past week for the third annual Singapore Fintech Festival. Speakers focussed on several main themes in the fintech world, including artificial intelligence in finance, cyber-security, the future of money and banking and fintech opportunities for the region.

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Championing Digital Payments in Malaysia

Singapore has consistently led in digital transformation both regionally and globally China is leading the pack in the cashless game with the rise of digital wallets DRIVEN by increased smartphone penetration and a rise in digital payments adoption, Asia is widely accepted to be leading in mobile payments globally.

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This Country Has the Most Buoyant Fintech Ecosystem in the APAC Region

A 2018 fintech study shows that ASEAN is seen as an expansion opportunity for fintech entrepreneurs. The report was conducted by the Australia-based Westpac Banking Corporation and Austrade, which shows that Singapore has the most buoyant fintech ecosystem in the region, followed by Indonesia and Malaysia.

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Singapore, China to Collaborate on Fintech, Supervision of Futures Exchanges

Two agreements inked between financial agencies will pave the way for China and Singapore to collaborate on fintech innovations and cross-border supervision of futures exchanges and intermediaries.

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Singapore Fintech Fest Showcases Innovations in Payments

The Singapore Fintech Festival played host to a quartet of distinct cross-border and digital currency payment initiatives, drawing in United Overseas bank, Grab, Ripple and the country’s central bank.

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Singles Day Shows Biometrics Are the Norm for Payments in China

Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles Day the worlds largest shopping event and hauled in30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined.

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Alibaba Sets New Singles Day Record With More Than $30.8 Billion in Sales in 24 Hours

Alibaba on Sunday tore through last year’s Singles Day sales record, racking up more than $30.8 billion in the 24-hour shopping event. Gross merchandise value (GMV), a figure that shows sales across the Chinese e-commerce giant’s various shopping platforms, surpassed last year’s $25.3 billion record at around 5:34 p.m. SIN/HK (4:34 a.m.

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