Payments

The use of financial apps in Indonesia has been increasing by 70% year-on-year.

Small neighborhood stores are integral part of the economy of both developing nations, and tech firms are stepping in to provide additional services.

74% of Myanmar’s adult population does not own a bank account, reflecting massive potential in the market.

Latest US filings show that Saudi’s Public Investment Fund (PIF) dissolved its stakes in BP, Boeing, Facebook, Disney, Marriott, Citigroup, and Bank of America.

The firm has greater ambitions than just being the operator behind payment platform Alipay.

Scrappy startups and big banks are still finding their footing in the country’s evolving fintech sector.

Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.

A survey of 1,000 merchants by RedSeer found that retailers believe their share of digital payments is going to increase significantly in the next 12 months.