article thumbnail

Southeast Asia’s Internet Economy To Hit $240B By 2025

PYMNTS

Thanks to affordable mobile internet, the internet economy in Southeast Asia is expected to surpass $240 billion in 2025, according to a new study conducted by Google and Temasek Holdings of Singapore. The report predicted the market would swell to more than $100 billion by 2025 as consumer trust in online shopping grows.

Study 153
article thumbnail

IMF Report: Banking Profits Might Not Exceed Cost Of Equity In 2025

PYMNTS

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

Report 161
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Texas Capital stands by 2025 profit targets amid short-term pressure

American Banker

The Dallas company, which is in the midst of a four-year business overhaul, is facing a margin squeeze in the coming quarters. But even as analysts express skepticism, company executives aren't budging from the profitability goals they set two years ago.

Texas 74
article thumbnail

How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

The estimated value of the global intelligent vending machine market by 2025 is $15 billion. The expected CAGR of the global parking meter market from 2018 to 2025 is 6.97 These are just some of the ways firms are changing the way consumers buy goods, ranging from frozen yogurt to modern-day vending machines.

Retail 177
article thumbnail

Resolution Plan Submission Period Extended by Key Financial Agencies

Perficient

Moving forward, these institutions will need to submit their resolution plans by March 31, 2025. The focus is on critical areas of potential vulnerability such as capital, liquidity, and operational capabilities, essential for effective resolution.

article thumbnail

eWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors

PYMNTS

The eWallet firm, Vietnam’s largest, has pulled in $100 million from a group of six investors co-led by Warburg Pincus and Goodwater Capital, Reuters reported on Wednesday (Jan. We hope to go public in the 2021-2025 period, possibly in 2025.

Capital 154
article thumbnail

Mphasis Teams With R3 On Blockchain Payment Solutions

PYMNTS

With the new partnership and solution, Mphasis customers can access new payments, working capital and Foreign Exchange services, with an aim toward meeting the needs of small and medium-sized businesses (SMBs). Corporate payments are also a big driver in that space, with 17 percent of B2B payments expected to be real-time by 2025.