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AirAsia Group announced on Thursday that it is building a super app off its existing mobile application and website to provide services such as e-commerce, delivery, and payments. The app is to be available next month in Thailand and ASEAN. AirAsia chief…
Bonjour, the Hong Kong-headquartered beauty retailer, says it plans to reduce its reliance on brick-and-mortar stores and focus on developing e-commerce and in-store digitalization. It will modify some of its existing stores adding technology that it…
As its preferred cloud platform provider, Microsoft will help the bank make its vision for virtual banking, next-generation payments, open banking and banking-as-a-service a reality. Standard Chartered has established a three-year strategic partnership with…
Harley-Davidson has announced that former Bose executive Jagdish Krishnan will take over the newly created role of Chief Digital Officer. Krishnan will be responsible for the development of a new digital strategy intended to improve the customer retail…
Singapore will soon see the establishment of a research institute that will develop deep capabilities to support the needs of digital financial services in Asia. Expected to begin operations by the end of 2020, the Asian Institute of Digital Finance (AIDF)…
Chinese e-commerce giant JD has invested US$100 million in Li & Fung via newly issued capital as a move to further develop its digital supply chain. The move is expected to assist Li & Fung expands its own business within the Chinese mainland via…
Digital payments in India have risen by 10 percent over the last month, despite a 30-per-cent decline in online travel spending. According to payments platform Razorpay, as human interactions are reducing across the country, consumer payment habits are…
The current digital transformation has brought about sweeping change that not only affects the political and economic sectors of a country but most importantly, introduced a number of important social changes as well triggered by the growth of knowledge in…
Omar Majid Warraich knew his idea could help thousands earn more from their crops, but the problem was he did not know how to execute it. “As a start-up, you tend to need advice about the dos and don’ts, when to pitch an idea, what to pitch to investors,…
Cambodia is set to roll out Project Bakong, the country’s blockchain-based payment network that features a central bank digital currency (CBDC) payment system. The platform, trialed in July 2019 and set to go live this quarter, already has the backing of 11…
The region’s first licensed digital-only bank is expected to debut later this year, providing a full range of retail banking services, focused primarily on retail deposits and consumer loans. The Philippines’ all-new digital bank Tonik is partnering financial…
Five licenses are up for grabs under a new regime announced by Bank Negara Malaysia, the country’s central bank. Singapore-based ride-hailing giant Grab and gaming technology firm Razer are exploring the feasibility of applying for a Malaysian digital bank…
Netflix on Tuesday announced its fourth-quarter earnings for 2019 and the streaming video company reported the addition of 420,000 net new subscribers in the U.S. during the period. But before you use that stat as proof that the November launch of Disney+ did…
Asian digital-fashion brand Pomelo has appointed Anders Heikenfeldt as Chief Retail Officer to lead the firm’s retail expansion plans across Southeast Asia. Formerly holding senior roles with lingerie chain 6ixty8ight in Hong Kong and with H&M, Heikenfeldt is…
During the recent Singles’ Day sales, more than 1 million orders were placed and processed through voice command via Alibaba’s Tmall Genie. What do such observations mean for beauty-care retailing? Besides increasing digital savviness, the adoption of voice…
Jack Ma’s Ant Financial Services may apply for a virtual banking license in Singapore, potentially making a splash in the regional banking landscape. Ant Financial Services is the latest contender to enter the race for a digital banking license. Up to two…
