PYMNTS
NOVEMBER 19, 2018
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.
PYMNTS
JULY 1, 2020
billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.
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PYMNTS
JANUARY 13, 2021
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.
PYMNTS
FEBRUARY 25, 2020
The survey predicted innovations in SMB working capital financing to grow more than 20 percent by 2025. Through the partnership, Funding Societies seeks to lower the barrier of access to working capital for small businesses. billion in financing within the region, with more than 1.4
PYMNTS
FEBRUARY 18, 2020
percent, and is expected to be a $102 billion eCommerce market by 2025. The region also experiences some of the highest fraud rates, in both finance and eCommerce. percent of web-sourced revenue in the region is lost to fraud, according to CyberSource. An average of 1.6
PYMNTS
NOVEMBER 5, 2020
trillion by 2025. The Middle East expansion will be headed by Ayoub Jemail, who will serve as general manager of business development for the region. Nium said that FinTech across the Middle East is anticipated to raise over $2 billion in venture capital funding by the end of the year.
PYMNTS
SEPTEMBER 20, 2016
The business is backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk. While a country of only 5 million people, Singapore is a a digital force, especially with it being the regional headquarters for Facebook, Twitter and Google. billion by 2025, which is five times what it’s currently clipping at.
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