Asia news and trends

Grab Teams With OpenAI to Integrate AI in Ride-Hailing, Delivery Business
Artificial Intelligence // May 30, 2024

Ride-hailing and delivery company Grab partnered with artificial intelligence firm OpenAI to upgrade its app and integrate AI across its business Grab, which operates in eight Southeast Asian countries, plans to use OpenAI’s technology to improve its mapping capabilities, allowing for quicker updates and more...

NetXD and Visa Expand Cross-Border Payments Partnership to Asia
Partnerships // May 21, 2024

NetXD has expanded its cross-border payments partnership with Visa B2B Connect. After onboarding banks in Europe and the Americas, the collaboration is now moving to Asia, NetXD said in a Tuesday (May 21) news release. “Visa is committed to modernizing cross-border payments around the world...

Mastercard Teams With 4thWave to Tap a $7 Trillion Payments Market
Partnerships // January 09, 2024

Mastercard teamed with Banking-as-a-Service (BaaS) provider 4thWave to streamline B2B payment flows. The partnership targets businesses in Europe, the Middle East and Africa (EMEA), as well as Asia, according to a Tuesday (Jan. 9) press release. It will use 4thWave’s supply chain finance platform for...

Ant Group Expands Payments Partnership With Italy’s Tinaba
Partnerships // July 03, 2023

Alipay and Tinaba have expanded their partnership to help Italian travelers make payments in Asia. Tinaba, a Milian-based payments company, announced in a press release the latest iteration of the team-up late Sunday (July 2), saying it would let customers from Italy make cross-border payments via QR code at Alipay+ partner merchants...

Interviews & Exclusives
Advanced Automation Helps Enterprises Manage Spend on a Global Scale

May 31, 2023
Companies navigating the shifting landscape of global commerce see the promise of new markets, of bringing their products and services to new geographies. As they do so, they establish offices and workforces in far-flung territories to tap into global supply chains, sourcing supplies and other inputs. Keeping track of day-to-day operations is a challenge for […]

East-West Commerce Gets Biometrics Boost and Automated Compliance

November 02, 2022
The promise of cross-border commerce is always the opportunity to tap into new markets. But no two countries, or even markets within a given country, are quite the same, especially...

Data Brief: 52% Shopping Carts Originating in APAC Get Abandoned

September 26, 2022
With roughly 4.3 billion people living in the Asia-Pacific (APAC) region, stretching across more than a dozen countries, and with internet connectivity growing by leaps and bounds, it’s no secret...

Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story

November 20, 2020
Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is accelerating opportunity half a world away in Southeast Asia, as Israeli companies weigh their traditional U.S.-first...

Quick Reads
Stripe’s Cross-Border Payments Volume in Asia Grows 30%

August 28, 2024
Stripe saw its cross-border payments volume in Asia increase by over 30% last year. The payments company offered the update as part of Stripe Tour Singapore, its annual product showcase for the region, according to a Wednesday (Aug. 28) press release. “Building on that momentum, we’re equipping businesses with tools to accelerate their revenue growth, […]

Grab Teams With OpenAI to Integrate AI in Ride-Hailing, Delivery Business

May 30, 2024
Ride-hailing and delivery company Grab partnered with artificial intelligence firm OpenAI to upgrade its app and integrate AI across its business Grab, which operates in eight Southeast Asian countries, plans...

NetXD and Visa Expand Cross-Border Payments Partnership to Asia

May 21, 2024
NetXD has expanded its cross-border payments partnership with Visa B2B Connect. After onboarding banks in Europe and the Americas, the collaboration is now moving to Asia, NetXD said in a...

Mastercard Teams With 4thWave to Tap a $7 Trillion Payments Market

January 09, 2024
Mastercard teamed with Banking-as-a-Service (BaaS) provider 4thWave to streamline B2B payment flows. The partnership targets businesses in Europe, the Middle East and Africa (EMEA), as well as Asia, according to...