There is no doubt that adding a third-party payment business has become common practice among Chinese internet giants, particularly social commerce apps. E-commerce elements are featured heavily more than ever before in Chinese social media scene.
Read MoreThe pandemic has propelled contactless and cashless transactions in Asia at warp speed, paving the way for virtual banks. Fintech News showed that approximately 16% of Hong Kongese currently have a virtual bank account, while 12% of Hong Kongese are planning to open one in the next 5 years. Southeast Asia has also seen a boom in virtual banks.
Digital transformation contributes to more advanced operations in different sectors and the pandemic has catalysed this transformation across the globe. This article provides insights into how APAC countries integrate digitisation into the new normal.
Read MoreMany tech companies and cloud-based service providers choose SE Asia to accelerate their cloud computing business because SE Asia has been widely considered one of the fastest-growing regions in terms of clouding market, where the population has embraced the digital transformation during the pandemic, especially in fintech and e-commerce sectors. Another incentive is that SE Asia has a swift growth in internet users and a nascent stage of business transformation based on cloud computing.
Read MoreIt is noticeable that cloud computing has become a fundamental requirement for many companies and businesses. In the digital and 5G era, as enterprises expand their understanding of the enormous benefits of cloud computing, they are now more willing to conduct workload tests on cloud and even migrate entire applications to the cloud. Apart from the EV sector, cloud-based enterprise solution providers should also keep a close eye on other Asia’s popular sectors embracing cloud computing, such as healthcare and K-12 education.
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