Digital payments, lending platforms, and financial technology infrastructure
Capturing fintech developments including digital payments, lending platforms, and financial infrastructure innovations across APAC.
Stripe has announced expanded local payment method integration for Japan and Singapore, adding support for Konbini (convenience store payments), PayPay, LINE Pay, and PayNow in Japan, and PayNow, GrabPay, and SGQR in Singapore. The integration enables merchants using Stripe to accept these payment methods through a single API, without building separate integrations for each. Stripe also announced a new Singapore engineering hub that will focus on APAC payment infrastructure development. The company processes over $50 billion in annual payment volume across APAC markets.
Grab Financial Group has launched GrabFin, a comprehensive digital banking and financial services platform, in Vietnam and the Philippines. The platform offers savings accounts, micro-loans, insurance products, and investment services through Grab's existing super-app, targeting the estimated 290 million unbanked and underbanked adults in Southeast Asia. GrabFin has secured digital banking licenses in both markets and plans to disburse $500 million in micro-loans within the first year. The launch follows Grab's successful digital banking operations in Singapore, Malaysia, and Indonesia.
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