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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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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. billion by 2025, according to one study. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. reaching a value of $102.9

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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. The market in the Asia-Pacific region is particularly large, with experts predicting it will reach $21.2 billion by 2024. About The Tracker.

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Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia

PYMNTS

Bloomberg reported America’s largest internet corporations are eyeing Asia where the region is exploding with smartphones and tech-savvy residents. The country’s eCommerce market is projected to expand from $21 billion in 2019 to $82 billion by 2025, according to a recent study by Google, Temasek and Bain & Co., and Europe.

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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic

PYMNTS

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. The geographic region is behind the globe because of hurdles like inconsistent addresses and links to the web that are not strong.

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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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Amazon Sets Sights On Southeast Asia

PYMNTS

The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. Southeast Asia certainly has the population Amazon seeks in its international investments: The region is home to over 600 million consumers.

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