Soon Yean Lee

The space is evolving very fast. And the journey of discovering the value chain for the online businesses has just begun! Sudhir is ensuring he doesn't miss 'the bus'. And he is not alone! #DigitalPayments

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Discover the evolving role of payments in Southeast Asia with insights from 2C2P's latest white paper, created in collaboration with Smartkarma. This comprehensive report dives deep into the digital payments revolution in Southeast Asia. Based on interviews with 14 Southeast Asian merchants, it explores the impact of the pandemic and how merchants' expectations for future payment solutions are evolving. Get access to the full report here: https://lnkd.in/gUHpkDVx

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#Payment flexibility and aggregation are two things that the gig and creator economies are looking for. We had the pleasure of speaking to Bogdan Dinu, Chief Product Officer at Thunes who shared his thoughts on integrating with local payment methods, trends in Southeast Asia, and the need to simplify the financial lives of gig workers. Watch this interview to learn more.

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Whether we realise it or not, we use recurring payments daily. Tune in to our latest blog that kicks off our recurring payments education series to discover how to best implement this payment option today! https://lnkd.in/gBgcDZWD #senangpay #paymentgateway #recurringpayments #blog

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Tech giants including Gojek, Grab and Shopee have been establishing direct links between their apps and the digital banks they own to provide more seamless payment options for users. The new method bypasses e-wallets, which have been the preferred payment method on those apps for the past decade, and offers additional benefits, such as monthly interest. Analysts say this could provide digital banks with much-needed access to capital and lower their overall cost of funds. It would also aid the tech giants’ quest for profitability in the current high-interest rate environment. #business #finance #transaction #payment #digitalbank

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There is a strong interest in enabling payment interoperability within South East Asia. Vietnam, Indonesia, Malaysia, Thailand, the Philippines, and Singapore have been working towards integrating their payment systems, including QR code systems for retail transactions. Yet, there is a lot of friction when it comes to B2B transactions. Some of the reasons include business costs and margins. These and other factors make it a problem, which payment companies like Razorpay are keen to solve. As the retail consumer leads the change, I am sure the businesses will look for more innovative and tech light solutions for #crossborder trade.

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Nium Expands Regional Footprint in Asia; Signs Partnership MoU With Indonesian Payments Infrastructure Leader, Artajasa Pembayaran Elektronis "Nium's growth in APAC reflects our dedication to transforming the global financial landscape," said Anupam Pahuja, Regional Executive Vice President of APAC & MEA. "By partnering with leading institutions like Artajasa and JB Bank, we aim to help businesses accelerate their growth across the region with secure, efficient, and innovative financial solutions."   https://lnkd.in/eKy9UxA9 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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It’s great to see Vietnam Airlines migrating to our orchestration platform to better manage its global payment flows.     Many airlines are looking to:     ·      Lower the overall cost of payments  ·      Accept the widest range of card and alternative payment methods  ·      Find local acquiring partners easily to support route and network expansion  ·      Analyse and report on their global flows to continually optimise payments     These are the drivers for our continued investment in XPP. We’re making it easy for airlines to take control of their payments strategy without the hassle or cost of building multiple links to partners across the world.     With orchestration from Outpayce from Amadeus, an airline’s payments flows can be up and running quickly, with the power of an intelligently orchestrated global payment acceptance network at their fingertips.     Javier Laforgue, it has been a pleasure to work with Vietnam Airlines and your Amadeus team in APAC.     https://lnkd.in/dENAiYnn     #payments #travelpayments #airlines #fintech #paymentsorchestration 

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By 2025, 84% of Southeast Asians are projected to use digital wallets. 👇🏼 A key driver of wallet use in APAC is the fact that providers have managed to create value for both merchants and consumers. For instance, at GCash, users can make transfers to other users for free, and merchants pay a low 2% fee for scan-to-pay QR transactions. Similarly, Alipay offers its users a financially appealing solution with minimal to no fees for everyday transactions conducted with Alipay Balance. For withdrawals or transfers to bank accounts, users pay a modest 0.1% fee for values over RMB 20,000. And for merchants, Alipay charges a 0.55% transaction fee, roughly half the fee for processing local credit cards. Ultimately, users of these wallets have a large part of their financial and digital consumption activities mediated by the super apps, allowing companies to accumulate a valuable amount of data about their consumers. This data is then used to enhance their monetization strategies and increase wallets’ capacity to cross-sell all these products and services. One of the results of such a finely tuned strategy is that, over time, digital wallets have eaten up credit and debit card volumes in APAC. In fact, even when cards are the ultimate funding source of the transaction conducted via a wallet, customers’ brand recognition leans towards the wallet, not the card provider, which further exacerbates the perception that wallets are quickly taking over.

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Based on a study released by IDC Financial Insight in 2021, The Economic Payments Landscape in Southeast Asia will experience growth of up to 58% in the 2020-2025 period. This growth is driven by the expansion of B2B Businesses, E-commerce, and digital payment methods. With this Merchants need to be flexible and agile in payment support to optimize their payment strategy to gain a competitive advantage and find payment partners who can help,shape their payment acceptance strategy. Here, Paper.id provides various payment methods through 1 feature and is integrated with digital invoices. Stay tuned to our page to get more information about B2B! #BayarBikinNagih #PaymentGateaway #B2B

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PingPong News: Another Milestone! PingPong Secures Payment License in Indonesia 🧡 Recently, PingPong officially obtained the PJP payment license issued by the Central Bank of Indonesia, allowing it to conduct domestic transfers, cross-border remittances, and other services in Indonesia. This signifies that PingPong has received recognition from local regulators in various aspects such as business model, compliance, information security, and technical capabilities. It enables PingPong to provide compliant and convenient one-stop services for global collection, payment, remittance, and management to global enterprises expanding into Indonesia and local Indonesian enterprises expanding globally.

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Visa's latest survey reveals that 51% of women-led SMEs and 56% of microbusinesses in the Philippines saw revenue growth after adopting digital payments. Additionally, 72% of surveyed SMEs reported that running their business has become easier. Digital wallets, especially GCash, are the primary means of digital payment for SMEs, with 61% of women-led businesses using them. Yroen Guaya Melgar, CEO and co-founder of Mochi, said, “My business has grown since I introduced digital payment methods. I appreciate the convenience, speed, and the ability to easily track payment records. It provides my customers with a convenient cashless payment option too. I hope to expand my business beyond the Philippines so enabling cross-border payments will help me grow my customer base.” Meanwhile, Jeffrey Navarro, Visa’s country manager for the Philippines, stated, “Small and medium-sized businesses are the driving force behind the thriving economy in the Philippines. Visa is proud to contribute to their growth by providing secure and convenient digital payment solutions. Visa is committed to continuously supporting the Philippine government’s financial inclusion and digitization goals, including empowering SMEs, the cornerstone of the economy, by introducing innovative financial and payment solutions so they can build on this foundation to grow their business.” #digitalpayments #msmes #philippines ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Industry Series] We have launched our latest industry initiative "E-commerce Marketing Series" where we aim to equip businesses with the latest strategies and insights to navigate the dynamic world of e-commerce, as well as discuss cutting-edge concepts, trends, and case studies shaping the future of online commerce. Learn how you can be part of this industry discussion by checking out more details here: https://bit.ly/4aiMEX4 -[Report] Discover the latest trends in business communication, and explore how mobile messaging channels are preferred by consumers to seek deeper connections with brands by checking out this report HERE: https://bit.ly/3RckF4z

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The partnership marks a major step in Nium’s efforts to expand its presence in Asia. -with Nium Artajasa Pembayaran Elektronis Anupam Pahuja https://lnkd.in/gTc2FG4F #fintech #payments #indonesia #Money2020 #Money2020Asia

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🚀 Spotlight on Success: Meet Alex Jatra from Ayoconnect🚀 We’re excited to shine the spotlight on our valued client, Ayoconnect, a leader in Payments and Banking Enablement in Indonesia. Ayoconnect is revolutionizing financial operations, helping businesses simplify banking and payments to drive growth. Jenfi’s tailored financing solutions have been crucial in supporting Ayoconnect’s journey. Competitive rates, fast processes, and responsive sales team have made a significant impact, streamlining their financial operations and accelerating their success. Alex Jatra, CFO of Ayoconnect, highlights: “Jenfi’s financing solutions have transformed our operations. Their competitive rates and quick disbursement have greatly enhanced our ability to manage biller deposits efficiently. The team’s responsiveness has streamlined our financial processes and supported our growth.” Inspired by Ayoconnect’s success? 🌟 Discover how Jenfi can empower your business to achieve its growth goals. Jenfi operates across Southeast Asia, including Singapore, Indonesia, Malaysia, Vietnam, and Hong Kong. Learn more about how we can support your business growth: 👉 Consult with us today: https://hubs.li/Q02Qdddt0 👉 Explore more: Jenfi Website https://hubs.li/Q02Qd8ht0 #Jenfi #Financing #RevenueBasedFinancing #BusinessGrowth #Fintech #FinancialSolutions #Innovation #OperationalEfficiency

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ENGAGE Asia's first CXO Panel on Elevating Digital Customer Engagement is now live! 💡 Our distinguished panelists include Charles Budiman, CDO at Maybank Indonesia; Romeo Josef de la Cruz, Head of Digital Applications Delivery at BDO Unibank; Nam Nguyen, Director of Digital Banking at ACB - Asia Commercial Bank; and Augustine Wong, CIO at VPBank. They are exploring essential strategies for customer engagement, ensuring banks not only meet but exceed customer expectations in today’s rapidly evolving digital landscape. An eye-opening moment came when Mr. Nguyen Tran Nam shared, “Personalisation starts with good data. And good data requires a good system that has the capability to collect and analyse this data. Personalisation is not a one-time success. Understanding a person requires continuous trial and adjustments. Also, personalisation is not the ultimate goal. If we don’t have the right product to offer, personalisation is useless.” 🎤 Stay tuned for more exclusive insights from Maybank, BDO Unibank, Asia Commercial Bank, and VPBank, live from the stage at #ENGAGEAsia2024!

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PayNet's Farhan Ahmad was interviewed by Lydia Nathan on the sidelines of Bank Negara Malaysia's #SasanaSymposium2024.  From this interview, the following points can be deduced, 1. The advancement of #digitalpayments in the next 50 years will be propelled by #Asia  2. #Crossborder non-card payment solutions will be the next phase of growth 3. #Safety, #security, standardization of payment processes and dispute resolution are key to ensure the success of this growth. 4. #AI should be embraced more to create simplified payment solutions and processes Click the link to read more on the interview. #PayNet #DuitNowQR #ArtificialIntelligence #financialinclusion

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