Grab expands into grocery delivery services across Southeast Asia

Through this strategic move, Grab is expanding from its core ride-hailing services into other areas including electronic money transfers, loans, payment services and food delivery. Through GrabFresh, it now serves on-demand grocery deliveries. It is targetting revenues of $1 billion by the end of 2018. On Tuesday, in a strategic move that banks on its…

Thailand to issues rules surrounding cryptocurrencies by June 30, 2018

Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…

HelloGold launches sharia compliant, gold-backed cryptocurrency eyeing Islamic finance markets in Southeast Asia and the Middle East

The Malaysia-based fintech firm’s GOLDX covers all the principles that are the cornerstones in Islamic financial contracts. HelloGold, a Malaysia-based firm disclosed that it has received a sharia-compliant certification for its gold-backed cryptocurrency; it plans on launching its online gold platform in Thailand later this year. GOLDX, its cryptocurrency product which was launched at the…

Non-cash transactions becoming more immersive in Thailand

With Thailand’s central bank giving the go ahead, non-cash transactions are being adopted by even street vendors in Bangkok. Technology’s ubiquity has spread to even street food vendors in Bangkok where they are now accepting payments through Quick Response (QR) barcodes that can read by smartphones. Thailand, famous for its street stall that offer everything…

Alibaba Group Holding expands its Southeast Asian footprint by partnering with Singapore-based Lazada Group

With the emerging e-commerce boom tapping only a fraction of retail brick and mortar sales, the vast potential for e-commerce has made Southeast Asia a battle ground for the world’s top online sellers, who are rapidly expanding their footprint in order to corner more marketshare. In a movie that marks the expansion of partnership between…