Money

Asia Partners banks on 'Golden Age' from rising affluence of the middle class

THRONGS of firms have sprung up to follow the scent of South-east Asia's burgeoning startup scene. Asia Partners, one of the new investors in town, wants to capitalise on what it calls the "Golden...

Saudi Aramco valuation set at up to US$1.7t

SAUDI Aramco has set a price range for its listing that implies the oil giant is worth between US$1.6 trillion and US$1.7 trillion, below the US$2 trillion the Saudi crown prince had targeted but...

ESG's venture arm SEEDS S$140m in funds over three years

SINGAPORE-BASED venture capital (VC) firm Wavemaker Partners might now be known as one of the handful of VCs specialising in deep tech, but it might have turned out differently had it not taken...

TransferWise CEO preps for Malaysia launch, no IPO plans for now

[SINGAPORE] TransferWise Ltd, which recently raised funds at a US$3.5 billion valuation, is launching an international payments service in Malaysia soon as part of an ongoing Asian expansion, chief...

Mastercard takes on digitalisation trend with new experience centre

PAYMENTS network Mastercard unveils its experience centre this month for the Singapore FinTech Festival, a space for clients and partners to collaborate for idea generation, co-creation of new...

Artificial intelligence to power up UOB's mobile banking app

EVER missed your regular Netflix or Spotify payment when it was due? A new mobile banking app feature by the United Overseas Bank (UOB) can now tell you if payment for your usual subscription-...

Launched: All-in-one Singapore platform integrating PayNow, Nets and other e-payment methods

MAJOR payment methods in Singapore such as PayNow, Nets and GrabPay are now accessible on an all-in-one platform created by Rapyd.

P2P lending platform Validus expands into Vietnam

VALIDUS Capital, a P2P (peer-to-peer) lending platform for small and medium-sized enterprises (SMEs), has expanded into Vietnam as its third South...

South-east Asian banks to lose out on US$5b in payments revenue by 2025: study

BANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-...

Japan wants to go cashless, but elderly aren't so keen

[TOKYO] Cash is king in Japan, and more so for the country's fast-ageing population who are still deeply reluctant to give it up.

 

 

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