Payments
Why B2B Payments Is The Next Big Domino in APAC’s Fintech Innovation Wave
In the midst of the Covid-19 pandemic, a 2020 McKinsey report projected that Asia’s payments sector would be well positioned to exceed US$1 trillion in annual revenue by 2022 or 2023, despite also forecasting a temporary 1-8% decline in Asia’s 2020
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Airwallex Introduces Global Expenses Platform That Pairs With Its Multi-Currency Card
Global fintech platform Airwallex announced the launch of its global expenses platform that ties together with its virtual and physical multi-currency cards, both for corporates and employees. The new solution streamlines the expenses process through offering a single integrated platform
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Choco Up Partners Airwallex to Power E-Commerce Merchants’ Global Expansion
Choco Up, a revenue-based financing and growth platform, has partnered with global fintech platform Airwallex to support the growth of cross-border e-commerce. Bringing together Airwallex’s global payment technology with Choco Up’s funding platform and analytics tools, this solution will serve
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Airwallex Supports Investment App Plum’s Cross-Border Payments and FX Needs
Global fintech platform Airwallex announced its partnership with London-based investing app Plum to support its cross-border payments and FX needs. Airwallex was chosen as Plum’s global payments and FX partner to support the launch of the latter’s new stock investing
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Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments
In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud shows. Embedded
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Overhaul Needed for BNPL as Losses Mount up to US$ 5.2 Billion in APAC
Despite phenomenal growth, current buy now, pay later (BNPL) models are showing to be rather unprofitable. Quinlan and Associates, an independent strategy consulting firm, estimates that in Asia-Pacific (APAC), the largest BNPL firms, including Australia’s Afterpay and Japan’s Paidy, are
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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer
Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief
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Airwallex Deploys Its Virtual Multi-Currency Visa Cards for U.S. Businesses
Cross border payments firm Airwallex has introduced the U.S. Airwallex Borderless Card, a virtual Visa card issued by Community Federal Savings Bank (CFSB). Airwallex’s customers domiciled in the United States can now instantly generate and issue multi-currency virtual payment cards
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Deep Dive: Uncovering Short-term Opportunities for Global Banking
The banking sector in Asia Pacific is filled with opportunity in 2022, whilst also facing intensified competition. Rapid infrastructure developments and emerging technologies coupled with the pandemic have accelerated digital adoption across the region. Industry wide initiatives, most notably the
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Rapyd Finalises Acquisition of Hong Kong’s Neat
Global Fintech-as-a-Service platform Rapyd announced that it has completed the acquisition of Neat, a Hong Kong-based cross-border trade enabling platform for small and medium-sized businesses (SMBs) and startups. Neat’s services, capabilities, and licenses will be integrated into Rapyd’s platform providing
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