Asia Payments Research

May

Vietnam forging financial hub with fintech at the core

Vietnam is embarking on an ambitious journey to establish itself as a formidable player in the international financial landscape. The government has laid out a strategic vision to create world-class financial centers in Ho Chi Minh City (HCMC) and Da Nang, with fintech positioned as a key priority to drive this transformation. This initiative…

May

Asia Payments Research

PayU receives final approval from RBI to operate as payment aggregator in India

In April 2024, PayU, a global fintech company backed by Prosus, received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). This milestone marked a significant step in PayU’s journey to becoming a fully licensed payment service provider in India. The final approval,…

May

Asia Payments Research

Homegrown giants and super-apps defining the APAC mobile wallet landscape

The Asia-Pacific (APAC) region has firmly established itself as a global hub for mobile payments, boasting a dynamic and well-established market with over 60 active mobile wallet brands and platforms, not including numerous bank-backed applications – as noted in a recent e-book published by Thunes, a cross-border payment infrastructure company based in Singapore.…

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Asia Payments Research