unbanked

Government and banks team up to bring financial services to migrant workers

SINGAPORE (Oct 30): The digital financial services industry in Southeast Asia is poised to triple in annual revenue generation by 2025 to reach an estimated US$38 billion ($52 billion), a new study has revealed.

SINGAPORE (Oct 25): Singapore-based Grab has partnered payments processor Mastercard Inc to issue prepaid cards tailored to Southeast Asian consumers, extending the use of Grab’s digital wallet and helping its unbanked users transact online.

SINGAPORE (June 22): Banks across Asia Pacific are missing out on a “significant economic, social and business imperative”: the ability to accurately assess customers’ credit risk, according to Silicon Valley analytics firm FICO.