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Singapore-based B2B embedded finance startup Fairbanc has received USD 13.3 million in debt financing to expand operations in Indonesia.
BNPL, debt facility, expansion, credit scoring, SMEs
Asian fintech Moolahgo had completed its Pre-Series Funding round at a total amount of SGD 4.5 mln.
fintech, funding, cross-border payments, B2B payments
Siska Melinda, Associate at Frost & Sullivan, shares insights on how COVID-19 streamlined digital payment adoption in Asia–Pacific in 2020, transforming countries into cashless societies
Siska Melinda, Frost & Sullivan, COVID-19, digital payment, payment solutions, payments service providers, ecommerce, e-wallet, Asia–Pacific, mobile payment, consumer behaviour, BNPL
Facebook has partnered with three Indonesia-based fintech companies to release a mobile payments service in the country, according to South China Morning Post.
Facebook, Indonesia, mobile payments, fintech, WhatsApp, Instagram, Bank Indonesia, e-wallet, Gojek, GoPay, LinkAja, startup, Ovo, Lippo Group, Grab
Lippo Group, investment, payments , MoolahGo
Indonesian state-owned companies have decided to merge their mobile payment services to challenge dominant players in the country’s growing digital payments market.
Indonesia, mobile payment, digital payments, LinkAja, Telekomunikasi Indonesia, Bank Mandiri, Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Tabungan Negara, Go-Jek, Ovo, QR codes
Grab is expected to buy Kudo, an Indonesian online payment startup, for over USD 100 million, to roll out its services to more customers.
Grab, online payment, startup, Kudo, Indonesia, services, Customers, online payments
Grab, a Southeast Asian ride-hailing service, has teamed up with Lippo Group, an Indonesian conglomerate, to implement a payments platform.
Grab, Lippo Group, mobile payments, contactless, Indonesia, ecommerce
Indonesian conglomerate Lippo Group plans to launch e-payment processing services in 2016.
Indonesia, Lippo Group, e-payments, payment gateway, payment processor, ecommerce, Customers, chat feature
Lippo Group, an Indonesian business conglomerate, has launched a proprietary ecommerce platform, MatahariMall.
Indonesia, ecommerce, e-tailer, merchant, online sales, online platform, website, e-shoppers