Maersk is planning to invest over $500 million to support its supply chain operations in Southeast Asia. The Danish shipping firm said in a Monday (Dec. 4) press release that the investment aims to boost efficiency, reduce trade costs and strengthen supply chain resilience in the region. Maersk...
Vietnamese FinTech MoMo is integrating its payment solution into Grab, the companies announced in a Thursday (Oct. 31) press release. MoMo users who want to pay on the Grab app can now access and manage their funds from various sources, including MoMo eWallets, linked bank...
TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules in Indonesia that block social media platforms from handling direct payments for online purchases, a distinction that so far applies...
Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it was letting go of 1,000 of its roughly 12,000 workers in what founder and CEO Anthony Tan says is a...
August 03, 2020
Mobile payments penetration has historically faced a gap in Southeast Asia, Joel Neoh, founder of leading regional online-to-offline company Fave, told Karen Webster. Consumers in locales like Singapore, Malaysia and the Philippines can store payments credentials on their phones and make online purchases with no problem, but it was a different story using them in […]
March 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast...
February 27, 2020
It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. With more SMBs embracing digitization, the...
November 26, 2019
There are, as of last count, approximately 170 mobile wallets of various descriptions worldwide. Some are massive and deep-pocketed and have active user counts in the billions, while others are...
December 04, 2023
Maersk is planning to invest over $500 million to support its supply chain operations in Southeast Asia. The Danish shipping firm said in a Monday (Dec. 4) press release that the investment aims to boost efficiency, reduce trade costs and strengthen supply chain resilience in the region. Maersk plans to increase its warehousing and distribution capacity in Southeast […]
November 06, 2023
Vietnamese FinTech MoMo is integrating its payment solution into Grab, the companies announced in a Thursday (Oct. 31) press release. MoMo users who want to pay on the Grab app...
September 28, 2023
TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules in Indonesia that block social...
June 20, 2023
Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it was letting go of 1,000...
