Funding Societies to disburse RM1bil

KUALA LUMPUR: Funding Societies, the largest peer-to-peer (P2P) financing platform in Malaysia, expects to disburse more than RM1bil in financing cumulatively as the economy stabilises and recovers based on its forecast for 2021.

Indonesian start-ups seek to expand, accumulate more funding in 2021

JAKARTA (The Jakarta Post/ANN): Indonesian start-ups are looking forward to more funding and clearer paths to profitability in 2021 as the technology industry blooms amid the Covid-19 pandemic, with optimism in the sector fuelled by ample dry powder.

Could blockchain technology clean up corruption in the halal industry?

Indonesian peer-to-peer lending platforms optimistic about 2021 amid growing users

JAKARTA (The Jakarta Post/ANN): Indonesia’s peer-to-peer (P2P) lending platforms are looking forward to further growth in 2021, amid the promising increase of users and disbursement this year, and low bad loans ratio, despite the raging Covid-19 pandemic.

Singapore cab, private-hire drivers to get higher payouts from next year under new scheme

SINGAPORE (The Straits Times/ANN): Drivers of taxis and private-hire cars will get a higher amount of grants to offset their vehicle rental fees from next year, said the Land Transport Authority (LTA) on Wednesday (Dec 16).

ENCOURAGING ENTREPRENEURSHIP FOR GROWTH

AS small and medium enterprises (SMEs) are the backbone of the nation and are the biggest employers in the country, it is of utmost importance to not only help smaller businesses tide through the Covid-19 storm, but also to foster more entrepreneurs to drive the economy.

Brazil launches ‘Pix’ instant payments system, WhatsApp to enter ‘soon’

Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook Inc and Google .

Budget 2021 expected to drive investment in alternative funding platforms

The Budget 2021 matching investment fund for peer-to-peer (P2P) lending and equity crowdfunding (ECF) platforms will encourage the public to invest and help boost small and medium enterprises, say industry players.

Budget 2021: RM80mil allocated for alternative investment platforms ECF and P2P

Budget 2021 is encouraging the alternative investment industry with a 'mirror investment' into both peer-to-peer lending and equity crowdfunding platforms.

Is PayPal’s crypto move a game-changer for bitcoin? Probably not, say experts

PayPal Holdings Inc’s decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.