Here’s what you need to know.

1. Lalamove to launch same day delivery service in Bangkok by June

Apart from the technology development for the same day delivery service, Lalamove will use the funding to expand its on-demand delivery services from current 45 cities to 100 cities by end of year. Currently, Lalamove operates in Hong Kong, Singapore, Bangkok, Taipei, Manila and 40 cities in mainland China.

Currently, Lalamove’s on-demand delivery service extends to the food industry. By extending same-day delivery to other industries, the startup hopes to attract more ecommerce companies and online retailers.  Regional director of city operations at Lalamove commented,

We choose to test the new service in Bangkok as it marked the highest growth in 2016 in terms of usage and the service value outside China – Santit Jirawongkraisorn

Read the rest of the story here.

 

2. Ant Financial makes its first investment in the Philippines through Mynt

Mynt is a wholly-owned subsidiary of Globe Capital Venture Holdings Incorporated (GCVHI) under Globe Telecom and Ayala Corporation. The deal represents Ant Financial’s first-ever investment in the Philippines and gives Mynt access to the digital payment giant’s know-how in using technology to provide equal access to financial services.

Read the rest of the story here.

 

3. Online lenders will face new regulations in Indonesia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders.

What will the new regulations do? The rules will put a cap on the the maximum amount balance sheet lenders can hand out. The aim is to keep the loan size small so online balance sheet lenders would fill a gap rather than compete directly with banks.

The regulations concern online lenders who give out loans from their own capital.

Read the rest of the story here.

4. Community Chatter: Omise to launch new e-wallet platform in Q4

Source: Omise founder, Jun Hasegawa’s twitter

Payment platform Omise is set to launch a new e-wallet feature, Omise Go which will be powered by ethereum. It will be a platform for payments, remittances and more for the unbanked population.

Read more about Jun Hasegawa in eIQ’s SPARK40 list of ecommerce professionals here

 

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