IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.
IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.
Moca offers a mobile payment application that can be used to shop, pay for taxi fares, bills, recharge phone balances, and make online payments. It is integrated with 12 local banks, and with international payment networks such as JCB, Visa and Mastercard.
Momo offers a mobile e-wallet that can be used to pay bills, transfer money recharge phone accounts, book tickets, shop, watch movies, and eat –out, and more. One of the most widespread payment apps, Momo works with 24 local banks and with international networks such as Visa and Mastercard.
Payoo is an intermediary payment service catering to e-commerce websites. It offers two complementary solutions: a digital wallet that consumers use to pay for items and an e-wallet that allows businesses to accept online payments. It is integrated with 35 banks, and is partnered with more than 7000 offline POS in Vietnam.
Tima is a P2P lending platform operating Vietnam. In addition to the basic lending platform, it also provides mortgage loan services and financial Advisory services to customers.
Zalo Pay is a product launched by VNG Corporation, and was developed on Zalo – the country’s most popular SNS tool used by over 70% of the population. ZaloPay can be used to make money transfers 24/7, pay for items at counters, pay bills, recharge phone balances and send money as gifts.
Note: The list is arranged alphabetically. Source: IDC, 2020/ This article originally posted on Fintechnews