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Mobile payment firms struggle to dethrone cash in Southeast Asia
Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile payments. But cash remains king in Southeast Asia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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How Vietnam’s Fintech Market Could Reach Nearly $8 Billion By 2020
The Asia-Pacific region saw nearly $15 billion in fintech investments between January 2016 and February 2017 alone. Needless to say, the opportunity in fintech is real--and Vietnam is getting in on it.
- Categories
- Finance
- Region
- Asia Pacific
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Entrepreneurs capitalize on rural handicraft e-commerce
Born in a Dong village in Zaima town, Guizhou Province, Yang opened a shop on retail website Taobao to sell handmade ethnic cloth made by fellow villagers.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- e-commerce
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MetLife Foundation Partners with Kiva to Support Entrepreneurs and Build Financial Inclusion
MetLife Foundation has partnered with Kiva, a global non-governmental organization, to support entrepreneurs around the world through an employee engagement campaign. As part of this programme, a fully funded US$25 loan has been allocated to each of MetLife's 23,000 employees in Asia to help entrepreneurs start, sustain and grow their businesses.
- Categories
- Uncategorized
- Region
- Asia Pacific
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PayPal Joins Indonesian Venture Firm to Develop Fintech Startups
PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
- Region
- Asia Pacific
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Chinese investors warming up to impact investing, but regulations slowing progress
Chinese investors are showing increasing interest in start-ups with innovations that tackle energy consumption, social and climate change issues, but the main force behind such so-called impact investing remains foreign firms and supranational agencies, according to fund managers.
- Categories
- Investing
- Region
- Asia Pacific
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China’s Major Tech Firms Will Dominate SE Asia’s Emerging Markets: Who Wins And Who Loses?
Digital behemoths Alibaba and Tencent are expanding their e-commerce, cloud and data capabilities across the SEA region, which has a rapidly growing population of more than half a billion people.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- e-commerce, fintech, MSMEs, public policy
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Asian Development Bank and Maybank provide USD 20 million in finance to Myanmar microfinance sector
Maybank and ADB will improve access to financial services to even more low-income families and small-business owners.
- Region
- Asia Pacific