DBS looks to data trove to grow PayLah e-wallet; aims to more than double users to 3.5 million by 2023

SINGAPORE - DBS Bank is looking to its heritage to secure the popularity of its mobile wallet in the increasingly competitive field of digital payments.

Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

Digital gold: the next cashless ePay option?

GOLD has historically always been the economy's hero, the de-facto store-of-value that economies around the world peg their legal tender to.

US fintech startup Stripe valued at US$35b in latest funding round

[BENGALURU] Stripe Inc said on Thursday it is raising US$250 million in its latest funding round, which values the payments startup at US$35 billion, a dramatic 56 per cent surge from a previous...

Venture capital firms share long-term investment strategies

A STRICT seed-stage focus and building brands out of consumer trends are some of the investment strategies that venture funds will deploy in South-east Asia over the next five years.

Singapore's asset management industry grew at slower 5.4% pace to S$3.4 trillion last year: MAS

DESPITE a challenging year for global financial markets in 2018, Singapore’s assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the...

Temasek's Vertex adds new US$290m fund to back growth-stage tech firms

VERTEX Growth Fund, the sixth and newest member of Vertex Venture Holdings’ global network of venture capital (VC) funds, has raised US$290 million for its inaugural fund.

Digital payments key to rural credit scoring in S-E Asia

LIKE any business, a small family-owned farm requires capital. Rice, corn, coffee and cocoa all require equipment, fertilisers and chemicals to grow and generate solid returns. Today, small farms...

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power...

Singapore-based SME lender oCap seeks India expansion

According to the World Bank Group's investment arm, the International Finance Corporation, the financing gap for SMEs in India is about US$230 billion and represents 68 per cent of the total gap...