In recent years, the Southeast Asian financial industry has been witnessing radical changes due to the numerous innovations driven by fintech companies to improve financial services. According to a study conducted by Google, Temasek, and Bain & Company, the region's emerging economies will likely reach a combined...
Payoneer Inc., a global payment and commerce-enabling platform, has announced a multifaceted relationship with Mastercard. Beginning with the Payoneer Digital Purchasing Mastercard, targeted at SMBs, eCommerce sellers and freelancers worldwide, Payoneer and Mastercard will work closely to better meet the needs of the B2B market.
This...
The unprecedented COVID-19 pandemic has posed severe challenges for the global economy and supply chains have been in the eye of the storm. Amid heightened geopolitical tensions, some countries are considering moving supply chains out of China.
However, as a recent research study by...
Xero Limited has announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs.
Aligned with Xero’s strategic priority to grow...
DBS is making online corporate account opening for SMEs even easier with the use of facial biometrics to speed up information authentication and verification.
This new feature runs on the Government Technology Agency of Singapore’s (GovTech) innovative SingPass Face Verification technology, and DBS is...
Proxtera, a network of business-to-business (B2B) marketplaces that facilitates cross-border trade for small-medium enterprises (SME), and Tazapay, a digital escrow service for cross-border trade, have announced their partnership to launch Proxtera Protect, Powered by Tazapay to provide international buyers and sellers with a secure and protected payment service to streamline global...
As Singapore re-opened her economy, government measures have shifted from containment to restructuring, while continuing support for Singaporeans, workers, and businesses. Broad-based support has transitioned into more targeted efforts for firms, especially those in the hardest-hit sectors. At the same time, measures were introduced to preserve core...
Singapore’s Budget 2021 was delivered by Deputy Prime Minister Heng Swee Keat on 16 February. Coming after a challenging year where COVID-19 has created major upheavals worldwide, the budget indicates a shift in government measures from “containment to restructuring, while continuing our support for Singaporeans, workers, and...
Funding Societies, a SME digital financing platform, announced that it has achieved S$2 billion in disbursals of business financing to small and medium sized enterprises across the region. This milestone comes as the platform enters its sixth year of operations.
The amount is partly crowdfunded by over...
Battling the economic fallout from the COVID-19 pandemic has taken a toll on entrepreneurs, especially those heading micro and small enterprises. A DBS survey showed that over eight in ten owners of micro and small businesses have made personal sacrifices to keep the lights on amid the...
