Frances Gagua

Jia Hang will be based in Singapore.

But consumers’ aversion to debt pulls back wider adoption, RFI Global found.

Regulatory forbearance is only delaying the inevitable, the ratings agency warned.

It’s the first fintech in SEA to acquire an established bank’s loan portfolio.

The working group is calling out to local organisations offering BNPL to join their ranks.

Bangladesh has established its position as a pioneering country to have made significant strides towards financial inclusion and its vision ‘Digital Bangladesh’. The country’s recent development in its financial sector, varied heritage in credit and microfinance, widespread adoption of digital finance and mobile financial services (MFS) are recognized at a global level. The government’s effort to consider financial services as drivers of shared prosperity and inclusive growth. Access to financial services and their usage have significantly positive impacts on the socioeconomic outcomes that are perceived by businesses and households. Moreover, this access and usage are considered as essential factors to poverty eradication.

In November, Singapore’s National AI Office (NAIO) collaborated with the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Office (SNDGO) in a programme to strengthen AI capabilities within Singapore’s financial sector by providing financing and access to government data. In fact, even before the pandemic, the financial services industry has already been witnessing an acceleration in digital transformation. 

BNPL services could even inspire a lifetime of loyalty, according to GlobalData.

It is open from 10 .m. to 5 p.m. on weekdays.

Both reports to Vishal Kapoor, head of Citi’s TTS in Hong Kong.

Digital payment methods chip away at card use and bank transfers.   Buy now, pay later (BNPL) market is projected to grow at a compound annual growth rate (CAGR) of 40% through 2025 to become the fastest growing online payment method in Singapore, reports FIS.

MAS has ordered all of their assets in Singapore to be frozen.

Current CEO Neil Ge will be retiring from the bank at the end-June 2022.

And Barclays suspends sales of two products related to oil, volatility.

CCS is expected to play a role in reducing CO2 emissions in the world.

In 2022, the market will grow to $1.7t, according to GlobalData.