Fintech

ByteDance is laying the building blocks for its fintech segment, says analyst.

Be says that it currently has over 10 million customers in 10 provinces.

Grab Financial increased its revenues by over 40% in 2020.

The experimental permit gives Sarwa access to a limited number of users in Saudi Arabia for now.

Regional investors have also set their sights on Myanmar’s fintech market where 80% of the country’s 55 million people are unbanked.

The startup says it has registered 3.5 million small merchants and retailers as of November 2020.

Open Banking is a practice where banks share their customer data with third-party financial services providers like fintech players.

Proposed reshuffle includes under-fire lending and insurance platforms.