Credit card penetration remains at 10% or less in Thailand, Indonesia and Vietnam, while mobile payments are used by 47-67% of the population.
Khazanah says made healthy profit with Malaysian Shoaiba stake sale
Digital payments outstrip credit cards in Asia’s race to go cashless
Actis takes over management rights of two Abraaj funds
HK blockchain firm Diginex aims to list on Nasdaq in Q4 via reverse merger
AB InBev searches for Plan B after Asia IPO flop
We’re benchmarking ourselves against the NFL, not UFC: Chatri, ONE Championship
Insignia Ventures Partners eyes $150m second Southeast Asia fund
China’s Huawei plans extensive layoffs at its US operations
Warburg-backed Princeton Digital to acquire 70% stake in XL Axiata data centre portfolio
PAG Asia to take over Australian restaurant operator Craveable Brands
There were a total of nine IPOs in the first half of 2019 and 13 take-private offers, which would lead to subsequent delistings.
In addition to physical products and conventional services such as bill payments, it plans to offer everything from insurance packages to the latest a
In Myanmar, only three in 10 people in a country of 53 million have bank accounts.
Rest of Asia
Manulife Financial Corp oversees about $500 million of Indian equities.
The extra money, which will be managed as part of GIC’s total portfolio, comes as the fund warns about low returns in coming years.
Thirty-seven state firms were privatised in Vietnam in 2017 and 2018, meeting only 31.5% of a stated target.
Walmart’s stake in PhonePe alone could be worth more than $14 billion in the medium term.
Loon says its balloons will reach Kenya in the coming weeks for its first commercial trial.
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