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Investegate |R.E.A. Holdings plc Announcements | R.E.A. Holdings plc: Statement re bank financing

Investegate |R.E.A. Holdings plc Announcements | R.E.A. Holdings plc: Statement re bank financing
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Southeast Asia E-Money Market Report Shows Tech Firms Disrupting Banks


Highlights
Electronic money payments are growing in at least three large Southeast Asian markets due to the popularity of reloadable wallets.
Nonbanks have overtaken banks as primary payment providers in Indonesia and are experiencing high growth in the Philippines.
Grab Holdings Inc., Sea Ltd. and Ant Group Co. Ltd. are among the e-money companies with the largest geographical footprint, offering payments in at least six countries in Southeast Asia.
Despite the economic contraction amid COVID-19, electronic money payments are growing in at least three large Southeast Asian markets due to the popularity of reloadable wallets offered by popular e-commerce and ride-hailing firms. Technology firms that combine commerce with payments will seek to extend their dominance from e-money into electronic banking. ....

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