OVO - CB Insights noted that PT Visionet International (OVO) is the unicorn of Indonesia.
Company financial technology (fintech) payments that recorded a startup bervaluasi more than US$ 1 billion since March 14, 2019.
Valuation OVO according to the report of CB Insights titled ‘The Global Unicorn Club’ to reach US$2.9 billion.
"I think already," he said in an interview with CNBC Indonesia TV on January 31, 2019 ago.
We are focusing on the consumer,” he said on the sidelines of the Fintech Summit, the end of last September.
"We still focus on how the nih of our customers, users, partners and others, we can serve them first," he said, some time ago (13/2).
BI - Bank Indonesia (BI) expects inflation period from October 2019 to stay awake.
This is reflected in the Price Monitoring Survey BI on the fourth week of October 2019 by 0.08% on a monthly basis and to 3.19% on an annual basis.
While some other commodity selling prices down, namely the red pepper that deflation of 0.06%, chicken eggs to 0.04%, cayenne pepper to 0.03%, and tariffs of air transportation of 0.02%.
Perry said, subdued inflation supported by the government's commitment to maintain price stability.
"Inflation is good is also part of our consideration of lowering interest rates," he said at the Bank Indonesia Complex, Friday (25/10).
The Board of Governors Meeting yesterday, the central bank decided to lower the benchmark interest rate or BI 7-Day Reverse Repo Rate (BI7DRR) by 25 basis points (bps) to 5%.
BNPL payment industry in Taiwan has recorded strong growth over the last four quarters, supported by increased ecommerce penetration along with impact of economic slowdown due to disruption caused by Covid-19 outbreak.According to PayNXT360’s Q2 2021 BNPL Survey, BNPL payment in the country is expected to grow by 70.5% on annual basis to reach US$ 646.8 million in 2021.Medium to long term growth story of BNPL industry in Taiwan remains strong.
The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 28.4% during 2021-2028.
The BNPL Gross Merchandise Value in the country will increase from US$ 379.3 million in 2020 to reach US$ 3721.4 million by 2028.ScopeThis report provides in-depth, data-centric analysis of Buy Now Pay Later industry in Taiwan.
Below is a summary of key market segments:Taiwan BNPL Market Size and Spending Pattern• Gross Merchandise Value Trend Analysis• Average Value Per Transaction Trend Analysis• Transaction Volume Trend AnalysisTaiwan Buy Now Pay Later Market Share Analysis by Key Players Read more @ https://bit.ly/3AYLGOt
Driven by digital innovation, fintech is rapidly changing the way individuals and businesses perform financial transactions, be it to shop online, pay insurance premiums, evaluate credit scores or pay salaries.
Revolutionising the experience of monetary exchanges globally, fintech is pegged to grow at a CAGR of 72.5% between 2015 and 2020, reaching USD 72 billion, in the Asia-Pacific region alone.
Given that it is literally the industry of money, fintech is an enticing target for cyber-criminals desiring to become rich instantly.
For example, the Lazarus hacks of the SWIFT banking network in 2015 and 2016, leading to millions of dollars lost from several banks, have been remarked as “attacks that might put even the largest banks out of business.”
There is no silver bullet to security
One of the key reasons why a secure environment in fintech is complex to achieve is that the industry itself is heavily segmented and diverse in nature.
read More: https://blog.entersoftsecurity.com/how-secure-is-your-fintech-business