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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. Another form of identity security is biometrics. The market in the Asia-Pacific region is particularly large, with experts predicting it will reach $21.2

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

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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. The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security.

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Deep Dive: How The COVID-19 Pandemic Is Shifting Latin America’s Open Banking Plans

PYMNTS

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. Growing interest in open banking typically coincides with the expanding use of online financial platforms and tools.

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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. 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.

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Amazon May Postpone SE Asia Plans

PYMNTS

The number of smartphone users in the region is anticipated to surpass 257 million by 2020; likewise, Southeast Asia’s internet economy is projected to become a $278 billion market by 2025. Tencent has also made major bids to expand into the region. Southeast Asia is predicted to be the next site of an eCommerce boom.

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