* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    $1 Billion Problem: New Technology Could Save Your Daily Cup of Coffee – SciTechDaily

    The $1 Billion Challenge: How New Technology Could Rescue Your Daily Cup of Coffee

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Singapore Tops as Southeast Asia Reports Record Investments in Fintech

July 15, 2023
in Business
Singapore Tops as Southeast Asia Reports Record Investments in Fintech
Share on FacebookShare on Twitter

The investments channeled to the fintech sector in the Association
of Southeast Asian Nations, ASEAN, increased to USD4.3 billion in the first
nine months of 2022. The amount is higher than the total investments in the
sector between 2018 and 2020.

According to a joint report released today (Friday) by the professional
services firm PwC Singapore, the Singapore Fintech Association (SFA), and the
Economic Development Board (EDB), Singapore attracted most of the investments
in the region in the fintech
sector.

“Singapore serves as an excellent bridge for companies to
reach the neighboring countries,” the report explained. “The city-state also
boasts a diverse, multilingual talent pool, and a wide range of funding sources
for companies.”

In 2022, in a
separate report published by PWC Singapore, the Singapore Fintech Association,
and United Overseas Bank, as quoted by The Strait Times, Singapore and Indonesia received approximately 65% of
the total fintech investments channeled to the sector in ASEAN.

The ASEAN region
recorded an increase in investments towards fintech companies despite
a challenging macroeconomic environment, the report added. The investments in the global fintech
sector dropped to USD75 billion last year compared to USD139
billion in 2021. However, the sector is projected to grow by a compound annual
rate of 16% between 2023 and 2028 to more than USD400 billion.

Digital Payment Systems

On top of that, the
report disclosed that the most performing segment of the global fintech industry is the digital payments. The segment is projected to reach a
transaction value of USD9 trillion by 2023, with the number of users
expected to rise to 5 billion next year.

Finance
Magnates reported about
a week ago that Singapore’s market regulator, the Monetary Authority of
Singapore (MAS), had introduced
new measures for the
Digital Payment Token (DPT) service providers.

One of the measures is
that the DPTs operating in the region must safely keep customers’ funds in a statutory
trust before the end of the year. Besides that, the regulator wants the service providers to
separate customers’ funds from their own.

The investments channeled to the fintech sector in the Association
of Southeast Asian Nations, ASEAN, increased to USD4.3 billion in the first
nine months of 2022. The amount is higher than the total investments in the
sector between 2018 and 2020.

According to a joint report released today (Friday) by the professional
services firm PwC Singapore, the Singapore Fintech Association (SFA), and the
Economic Development Board (EDB), Singapore attracted most of the investments
in the region in the fintech
sector.

“Singapore serves as an excellent bridge for companies to
reach the neighboring countries,” the report explained. “The city-state also
boasts a diverse, multilingual talent pool, and a wide range of funding sources
for companies.”

In 2022, in a
separate report published by PWC Singapore, the Singapore Fintech Association,
and United Overseas Bank, as quoted by The Strait Times, Singapore and Indonesia received approximately 65% of
the total fintech investments channeled to the sector in ASEAN.

The ASEAN region
recorded an increase in investments towards fintech companies despite
a challenging macroeconomic environment, the report added. The investments in the global fintech
sector dropped to USD75 billion last year compared to USD139
billion in 2021. However, the sector is projected to grow by a compound annual
rate of 16% between 2023 and 2028 to more than USD400 billion.

Digital Payment Systems

On top of that, the
report disclosed that the most performing segment of the global fintech industry is the digital payments. The segment is projected to reach a
transaction value of USD9 trillion by 2023, with the number of users
expected to rise to 5 billion next year.

Finance
Magnates reported about
a week ago that Singapore’s market regulator, the Monetary Authority of
Singapore (MAS), had introduced
new measures for the
Digital Payment Token (DPT) service providers.

One of the measures is
that the DPTs operating in the region must safely keep customers’ funds in a statutory
trust before the end of the year. Besides that, the regulator wants the service providers to
separate customers’ funds from their own.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FinanceMagnates – https://www.financemagnates.com//fintech/singapore-tops-as-southeast-asia-reports-record-investments-in-fintech/

Tags: businessSingaporeSoutheast
Previous Post

Celsius’ Founder Alex Mashinsky Pleads Not Guilty, Bail Set at $40M

Next Post

ADSS Quits UK Market to ‘Refocus’ on Other Entities

US judge blocks slashing of universities’ federal funding from National Science Foundation – Reuters

US Judge Halts Cuts to Federal Funding for Universities from National Science Foundation

June 23, 2025
The Computer-Science Bubble Is Bursting – The Atlantic

Is the Computer-Science Boom Coming to an End?

June 23, 2025

6 Life Moments When Staying Silent Is the Wisest Choice

June 23, 2025
Dollar Gains as the World Awaits Iran’s Response to US Attack – Yahoo Finance

Dollar Gains as the World Awaits Iran’s Response to US Attack – Yahoo Finance

June 23, 2025
The Political Economy of Reform in Lebanon and its Challenges – Middle East Transparent

Unveiling Lebanon’s Reform Journey: Overcoming Challenges and Political Obstacles

June 23, 2025
Three AI Trends Reshaping the Future of Media & Entertainment – TVTechnology

3 Game-Changing AI Trends Revolutionizing the Future of Media and Entertainment

June 23, 2025
Tell us your immigration crackdown story – CNN

Tell us your immigration crackdown story – CNN

June 23, 2025
Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

Top Technology Stocks to Watch Today – June 22nd

June 23, 2025
Steelers Prediction Sees TJ Watt Trade to Buccaneers in Blockbuster – Yahoo Sports

Steelers Prediction Sees TJ Watt Trade to Buccaneers in Blockbuster – Yahoo Sports

June 23, 2025
Senior Thesis Spotlight: Considering facets of human psychology from a data science point of view – Princeton University

Exploring Human Psychology Through the Lens of Data Science: A Senior Thesis Spotlight

June 23, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (697)
  • Economy (713)
  • Entertainment (21,611)
  • General (15,527)
  • Health (9,753)
  • Lifestyle (718)
  • News (22,149)
  • People (716)
  • Politics (720)
  • Science (15,932)
  • Sports (21,209)
  • Technology (15,698)
  • World (693)

Recent News

US judge blocks slashing of universities’ federal funding from National Science Foundation – Reuters

US Judge Halts Cuts to Federal Funding for Universities from National Science Foundation

June 23, 2025
The Computer-Science Bubble Is Bursting – The Atlantic

Is the Computer-Science Boom Coming to an End?

June 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version