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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
- Inclusive Fintech
- 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
- Entrepreneurship, Technology
- Region
- Asia Pacific
- Tags
- China, e-commerce, entrepreneurship
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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
- Inclusive Fintech, Technology
- Region
- Asia Pacific
- Tags
- Alibaba, APAC, China, digital revolution, e-commerce, fintech, MSMEs, public policy, SEA, small business, technology, Tencent
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Inclusive Fintech
- Region
- Latin America
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Alibaba is doubling down on Southeast Asia as its rivals, including Amazon, are moving in
The latest round will bring Alibaba’s investment in Lazada to $4 billion. It follows a $1 billion investment last year, which added to its initial $1 billion purchase of a majority stake in Lazada in April 2016. The latter deal signaled that Alibaba, long dominant in China, would enter Southeast Asia by buying an existing player rather than by building a presence there from scratch.
- Region
- Asia Pacific
- Tags
- Alibaba, Amazon, Asia, e-commerce, SEA, Southeast Asia
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Why India’s fintech, e-com firms fear Google, Facebook
In the fight between information technology, fintech and e-commerce firms in India and Google and Facebook, the global giants seem to be winning hands down. It is becoming a matter of survival for these sectoral ones, as one-stop solutions such as business listings, travel bookings, money transfers and financial services are available on both platforms and these firms rely on Google and Facebook to promote their services.
- Categories
- Inclusive Fintech
- Region
- South Asia
- Tags
- e-commerce, Facebook, fintech, mobile money, Paytm
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