FeaturedFintechThai fintech Ascend raises $150 mn to expand digital financial servicesIFM CorrespondentSeptember 28, 2021 by IFM CorrespondentSeptember 28, 2021 Investors such as Bow Wave Capital Management, Charoen Pokphand Group and Ant Group participated in the funding round... Read more
EconomyFeaturedBahrain mulling on increasing value-added tax to 10%IFM CorrespondentSeptember 27, 2021 by IFM CorrespondentSeptember 27, 2021 This move will help the government to boost revenues and curb deficits... Read more
BankingFeaturedConsumer use of digital banking accelerates in Asia–Pacific: McKinseyIFM CorrespondentSeptember 27, 2021September 27, 2021 by IFM CorrespondentSeptember 27, 2021September 27, 2021 Number of digital banking users in APac rose from 54% in 2017 to 88% in 2021... Read more
FeaturedOil & GasRussian energy giant Gazprom to increase natural gas supply to EuropeIFM CorrespondentSeptember 27, 2021September 28, 2021 by IFM CorrespondentSeptember 27, 2021September 28, 2021 Earlier, Gazprom has been accused of not doing enough to increase its natural gas supplies to Europe... Read more
FeaturedFintechWizz Financial received green light from central bank for UAE exchange acquisitionIFM CorrespondentSeptember 24, 2021September 29, 2021 by IFM CorrespondentSeptember 24, 2021September 29, 2021 UAE Exchange engages in money transfer, foreign exchange and payment services... Read more
FeaturedInsurancePhilippines-based fintech GCash branches into insuranceIFM CorrespondentSeptember 24, 2021 by IFM CorrespondentSeptember 24, 2021 GCash has partnered with Singapore-based insurtech Igloo... Read more
FeaturedTelecomMasan Group to enter Vietnamese telecom industryIFM CorrespondentSeptember 23, 2021 by IFM CorrespondentSeptember 23, 2021 The Sherpa has completed acquiring 70% of Mobicasy JSC for $13 mn to enter the telecom market... Read more
Asset ManagementFeaturedCrypto asset management firm Cobo raises $40 mn to accelerate DFaaS developmentIFM CorrespondentSeptember 23, 2021 by IFM CorrespondentSeptember 23, 2021 The funding round was led by DST Global, A&T Capital and IMO Ventures... Read more
EnergyFeaturedUAE emerging as one of the biggest players in the global blue hydrogen marketIFM CorrespondentSeptember 22, 2021 by IFM CorrespondentSeptember 22, 2021 The UAE is on its way to become gas self-sufficiency as ADNOC expands into unconventional gas... Read more
FeaturedInsuranceUK fintech Symplifi partners with AXA for health insurance in NigeriaIFM CorrespondentSeptember 22, 2021 by IFM CorrespondentSeptember 22, 2021 The insurance benefits will be available when the customer apply and secure loans on the SympliFi app... Read more