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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.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. and PT Danadipa Artha Indonesia.

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Singapore’s Credify Raises $1M To Expand Into Southeast Asia

PYMNTS

According to the report, Credify acts as a “personal data bridge” to help connect consumer services like lending and online shopping with firms that handle credit scoring and digital authentication. percent, and is expected to be a $102 billion eCommerce market by 2025. An average of 1.6

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Singapore’s Nium Names Frederick Crosby Chief Revenue Officer 

PYMNTS

As the world has accelerated online adoption in the face of COVID-19, any smart business knows it’s time to think global in its payment strategy if they want to grow in the upcoming years. trillion by 2025. Consumer spending in Africa is forecast to hit $2.1 In his contribution to PYMNTS' report, “ What Did You Change?

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Stripe Strides Into Singapore

PYMNTS

Payment startup Stripe is heading to Singapore with the mission to help other local startups kickstart online businesses. The business is backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk. billion by 2025, which is five times what it’s currently clipping at. Stripe went live in Singapore today (Sept.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

billion in value by 2025. The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. Yordex offers virtual cards as well, which can be used to manage online business expenses, such as recurring subscription charges.

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

“These are the people who are already over half the workforce and who are slated to be over three-quarters of the workforce by 2025. LendKey takes the hard parts — demand generation, online credit decisioning, origination and customer service — and manages that, Passione said. Lenders who ignore this age group do so at their peril.”.

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