Asia Payments Research

Mar

Cambodia’s Bakong goes from strength to strength

In its recent annual report, the National Bank of Cambodia (NBC) presented data on the Bakong blockchain-based payment system which showed impressive growth. The volume of transactions in USD have increased by 133% and those in Cambodian Riel have grown 334%. Payment volumes on Bakong during 2024 amounted to US$105…

Mar

Asia Payments Research

Pine Labs eyes IPO in second half of 2025: A strategic move amid market volatility

The Indian fintech landscape is set to witness a significant development with Pine Labs’ initial public offering (IPO) in the second half of 2025. The payment solutions provider, backed by global investors such as Peak XV, PayPal, Mastercard, and Singapore’s Temasek, aims to raise approximately US$1 billion through its IPO.…

Dec

Asia Payments Research

Airwallex sees double-digit growth in 2024

Tencent-backed Airwallex appears to have had another banner year. In a Dec. 10 press release, the B2B payments firm said that its global revenue jumped 73% year-on-year while in the Asia-Pacific Region growth revenue growth was even brisker at 83%.

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Asia Payments Research