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Our digital user estimates for Southeast Asia, which we currently define as Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, are updated on an annual basis to continually incorporate the latest changes and developments in consumers鈥� technology adoption.

Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam will collectively account for about half of all TikTok users in Asia-Pacific (excluding China). And except for Singapore, all will see over 10% growth in TikTok users this year. Indonesia will retain its position as the country with the third-largest number of TikTok users, behind only the US and Brazil.

The survey included over 1,400 industry professionals, marketers, and publishers in the US, UK, Australia, Colombia, India, Mexico, and Singapore. Post-cookie readiness: With regard to post-cookie identity resolution, many marketers appear to be playing the field for the time being.

Indonesia, Malaysia, Singapore, the Philippines, Thailand, and Vietnam together will account for about half of TikTok users in Asia-Pacific, excluding China. And all of those countries except Singapore will see their TikTok user base rise more than 10% this year.

Live retail ecommerce sales in the region (including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) surged from $1 billion before the pandemic in 2019 to $13 billion in 2022, according to research firm Cube Asia.

TikTok has also reportedly stored sensitive financial data of its major influencers on Chinese servers, countering CEO Shou Zi Chew's claims that US data is stored only in Virginia and Singapore, per Forbes.

The share of transactions made via real-time payments infrastructure in Singapore, for example, is expected to increase 78% between 2021 and 2026, per ACI Worldwide. Mastercard鈥檚 benefit: partnering with Checkout.com can give Mastercard a stronger foothold in Asia-Pacific and increase its cross-border payments volume.

It partnered with Mumbai-based private lender IndusInd Bank to provide remittance services from the US and Singapore to India with no hidden fees or exchange rate markups. It also launched Wise Platform in India to help large companies and banks build Wise鈥檚 cross-border payments tech into their infrastructure, according to a press release.

Respondents were based in Australia, Colombia, India, Mexico, Singapore, the UK, and the US. Lotame is a data management platform (DMP).

Methodology: Data is from an Airship survey conducted by Sapio Research as cited in a May 2023 press release. 11,000 respondents ages 18+ were surveyed in Brazil, Canada, France, Germany, Indonesia, Singapore, South Africa, Thailand, the UK, and the US during February 2023. Airship is a provider of mobile engagement solutions.

The background: Walmart-owned PhonePe has shifted strategies in recent months, separating from parent Flipkart and moving its headquarters from Singapore to India. It has already enjoyed huge success on India鈥檚 Unified Payments Interface (UPI). PhonePe enabled the biggest share of UPI transactions by volume in December, beating Google Pay and Paytm, per NPCI data.

The decrease in traffic is creating logjams at ports in Singapore, Malaysia, South Korea, and China, as well as in Spain and elsewhere in Europe. Those pressures, coupled with other factors like drought in the Panama Canal and a potential strike by dockworkers on the East and Gulf Coasts, could create the conditions for supply chain bottlenecks last seen during the pandemic.

The news: Stripe introduced Tap to Pay on Android for merchants using Stripe Terminal in Australia, Canada, New Zealand, Singapore, the UK, and the US, per TechCrunch. The tech lets merchants accept in-person contactless payments with any Android mobile device that has NFC technology. Compatible payment methods include Google Pay and Visa, Mastercard, and American Express cards.

While only two countries among the 28 we track will see a contraction this year, Singapore and Hong Kong will be barely positive. Chile will also post negative growth in total retail, the only country with that unfortunate distinction. Indonesia is an emerging digital economy star and has quickly ascended the ecommerce penetration rankings.

The report surveyed 800 C-suite and senior compliance decision-makers in the US, Canada, UK, French, Germany, Netherlands, Singapore, Hong Kong, and Australia.

鈥淭his sets the next escalating move in the US-China tech war a bit more meaningfully and could weaken yuan sentiment in the near term,鈥� said Fiona Lim, a foreign-exchange strategist at Maybank in Singapore. The mounting restrictions could spur Beijing to accelerate China鈥檚 development of necessary technologies, which could be difficult without photolithography equipment.

Firms with banking licenses that focus on these services are Column in the US, founded in 2022 by Plaid鈥檚 co-founder, William Hockey; Solaris Bank in Europe; Griffin Bank in the UK, which recently ran a Series A funding round; and Pave Bank in Singapore. Some banks that do work with consumers also offer this service. In the UK, examples include Starling and @NatWestGroup Boxed.

While US regulators work to find their crypto footing, regulators in the EU, Singapore, and the UK are opening doors to crypto innovation by providing the clarity payment participants need to invest and innovate. The lack of clarity in the US impedes crypto payment adoption there鈥攁nd risks it being left behind. Incumbents could dominate crypto payments鈥� future.

It already allows cross-border sellers on other versions of its service, including in the UK, Vietnam, Malaysia, and Singapore. The broader context: TikTok鈥檚 push into social commerce makes sense given the way in which its platform has become enmeshed in the lives of consumers鈥攑articularly Gen Z.

Approximately 1,000 respondents were surveyed in each country: Australia, Brazil, China, France, Germany, Singapore, South Africa, Spain, the UK and the US.

Respondents were based in Australia, Colombia, India, Mexico, Singapore, the UK, and the US. Lotame is a data management platform (DMP).

Respondents were based in Australia, Colombia, India, Mexico, Singapore, the UK, and the US. Lotame is a data management platform (DMP).