China-Asia Ecosystem Newsletter - March 2021



Meitu, a Chinese company that makes a photo editing app, has purchased bitcoin and ether, becoming the latest firm to buy cryptocurrencies.

Hong-Kong based fintech firm Kiwi Pay Group announced a merger with Cambodian food and grocery delivery startup Meal Temple Group to build a super app.

Samsung and Mastercard have partnered to pilot a biometric card that uses a built-in fingerprint sensor to authorise in-store transactions.

As revenues from traditional telecoms services are affected due to price competitions, giant telecoms enterprises in Vietnam have decided to turn to digital technologies for more profits.

In Singapore, digital wallets are set to overtake credit cards as the preferred online payment method over the next four years according to the 2021 Global Payments Report by FIS.

Indonesia’s, Xendit, a startup focused on building digital payments infrastructure for the region, has just raised $64.6 million.