Small and medium enterprises (SME) are providing a lucrative market for Indonesia’s blossoming online payment platforms, according to experts in the field. Harianto Gunawan, director of e-payment heavyweight OVO, said his company, which already had a foothold in the market, had an ambitious target of adding 100,000 micro-enterprises and SMEs into its network by year-end […]
Read MorePETALING JAYA: Malaysia’s sixth largest banking group by assets, AmBank Group, plans to ramp up the digitalisation of its financial services as it looks to invest RM150mil over the next two years for its digital strategy. Group chief operations officer Datuk Iswaraan Suppiah said the RM150mil capital expenditure represented an increase of 50% as compared […]
Read MoreBangkok Bank (BBL) expects most basic banking transactions to be made over the digital channel within the next three years. With the online banking boom, 90% of the bank’s basic transactions, including fund transfers and payments, are expected to be done through mobile apps within that period, said Prassanee Ouiyamaphan, executive vice-president of BBL. BBL’s digital […]
Read MoreOn Nov 9, 2018, the Bank of Thailand announced new requirements on down payment rates for mortgages that will take effect on April 1, 2019. Homebuyers who purchase a residential unit priced lower than 10 million baht and seek a second or subsequent home loan will be required to make a down payment of at least […]
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