Asian consumers today are 1.6 to five times more likely to transact with their banks via online channels as compared to physical branches.
Partnership aimed at increasing Singapore’s destination branding and awareness.
Malaysia’s Khazanah Nasional and Singapore’s Temasek, GIC participate in round.
Digital banking penetration has grown 1.5 times to three times in emerging Asia since 2014.
Platform sees strong uptake in Cambodia and makes headway in Myanmar, Laos and the Philippines.
Singapore-based payments startup’s round was co-led by Alpha JWC Ventures and Insignia Venture Partners.
Approximately 350 retail establishments will progressively roll out Alipay as a payment option.
The island nation is the first in Southeast Asia to offer this service to Chinese tourists.
Ant Financial appoints new General Manager, Cross-border Business for South and Southeast Asia Alipay
New GM to lead business operations and growth in region To leverage on Alibaba's online marketplace success
Provides a suite of e-money solutions, including depositing and withdrawing cash, paying for online purchases, and domestic fund transfers.