SK Group entry to help BigPay expand in Asean

BigPay is an e-wallet initiative by AAG which had recently secured up to US$100mil (RM422.95mil) in financing from SK.

PETALING JAYA: The entry of South Korean energy and telecoms conglomerate SK Group in AirAsia Group Bhd’s (AAG) BigPay bodes well for the latter and would give it a boost in its push into the region.

Analysts are positive on this development as the funding would mean that BigPay will be able to expand further in Asean. However, this new infusion of capital would need to be coupled with continuous innovation to compete in the fintech space.