Ant Financial acquires stake in Vietnamese digital wallet eMonkey - Business Insider

in Hong Kong — and partnering with local wallets so it can reach new consumers and boost its payments volume. Working with eMonkey in Vietnam could help Ant Financial both build its acceptance of Alipay for Chinese tourists, since eMonkey already has an acceptance network, and enable its offerings to reach consumers in Vietnam.

Southeast Asia's payments market holds significant potential, and entering Vietnam could help Ant Financial capitalize on it. The region's digital payments' industry is projected to grow its gross transaction volume from $600 billion in 2019 to $1.1 trillion by 2025, with e-wallets accounting for $22 billion in 2019 and $114 billion in 2025, per a

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Enjoy complimentary access to Business Insider Prime - Sign up today with no obligationsWe saw a lot in 2019, including Amazon's tax scandal, WeWork's downfall and Bloomberg's toxic culture to name a few. Read all the details with free access to Business Insider Prime (BIPrime) for a limited time. BIPrime BIPrime You are great
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google acquired Typhoon Studios but won't say if first game is for Stadia - Business InsiderGoogle bought a game development studio that has only 1 game known to be in production and Google isn't saying whether it will be available on Stadia
Source: BusinessInsider - 🏆 729. / 51 Read more »

What the fintech pros are saying about 2020 - Business Insider - Business InsiderBusiness Insider Intelligence's fintech research team asked industry leaders for their 2020 fintech predictions — and what didn't pan out in 2019.
Source: BusinessInsider - 🏆 729. / 51 Read more »