Caution Needed on Cryptocurrencies

Cryptocurrencies are generating a lot of interest from investors but AMP Capital’s Shane Oliver is sitting firmly on the fence, for now.

It should come as no surprise that investors across Asia are keen to grab their own share of the action. Bitcoin the most recognizable of the digital assets and the market leader, has seen a near 2000 percent increase in value, outperforming traditional asset classes such as gold.

Continue reading “Caution Needed on Cryptocurrencies”

Saigon calls for carpooling service ban to be revoked as city grinds to a halt

Carpooling services are convenient because they cost less and reduce congestion, but the transport ministry says they put passengers at risk.

Ho Chi Minh City’s government has asked the Ministry of Transport to overturn a ban on low-cost carpooling services that was issued in June.

Continue reading “Saigon calls for carpooling service ban to be revoked as city grinds to a halt”

10 Fast Growing Fintech for Malaysia

IDC Financial Insights unveiled a list of 10 fast growing fintech in Malaysia, part of the broader FinTech 101 list for Asia/Pacific, at the FinTech Innovation Summit 2017 held at InterContinental, Kuala Lumpur, Malaysia.

“IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis of the dominant fintech players in the region.

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Mobile Payments Rise in Popularity, Reaching Tipping Point in Some Countries, Global Report

On the eve of the third anniversary of the launch of Apple Pay, mobile wallet adoption is on the rise globally and consumers in the U.S. and Europe are catching up with those in fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to benchmark data from the Global Consumer Survey:Consumer Trust and Security Perceptions published by ACI Worldwide and Aite.

The research shows that 17 percent of U.S. consumers now regularly use their smartphone to pay, up from 6 percent in 2014 when the survey was last conducted.

Continue reading “Mobile Payments Rise in Popularity, Reaching Tipping Point in Some Countries, Global Report”

9 Recent And Upcoming ICOs Funding You Have To Know

An initial coin offering (ICOs) is a method through which a cryptocurrency or blockchain-based project or startup raises funding by selling a portion of its tokens. An ICO campaign extends over a certain period of time during which everyone is allowed to purchase tokens in exchange for established cryptocurrencies like bitcoin or ether. Continue reading “9 Recent And Upcoming ICOs Funding You Have To Know”

New Fintech Hub About to Plug In

Just when you thought we had enough fintech hubs in the region, along comes another one.

The State Government of Victoria, Australia, has said it will establish a new fintech hub in Melbourne’s Docklands.

The initiative is expected to provide a boost to local startups, attract investment, and create new jobs that support the state’s significant professional services sector. Continue reading “New Fintech Hub About to Plug In”