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Here are the top headlines you should know about today.

1. Coda Payments scores $2 million from IMJ

The Singaporean startup allows payments without credit cards, collecting payments from customers in Indonesia, Thailand, Malaysia, Philippines and Singapore. Read the rest of the story here.

 

 2. Supplybunny raises $300K from Gobi Partners

The online marketplace will connect restaurants with food suppliers in Malaysia, an initiative to move the food industry to the digital age. Read the rest of the story here.

 

3. Burma and Indonesia to strengthen ties

The two countries are looking to strengthen bilateral trade, with economic relations to grow for the next five years. Promising sectors include banking, agribusiness, oil and gas and telecommunications. Read the rest of the story here.

 

4. Flipkart may be losing to Amazon in India

After losing its lead in July (A potential watershed moment in India ecommerce), Flipkart may be poised to lose  its spot as the top ecommerce site to global rival, Amazon. Flipkart reported gross sales or gross merchandise value (GMV) of less than $290m in July, while Amazon’s gross sales crept up above $298m. Read the rest of the story here.

 

5.  Alibaba owned Taobao’s ecommerce app is mixing ecommerce and social network that keeps users buying more

Alibaba’s Taobao mobile app, which allows users to join chat groups dedicated to fishing and more, book travel tickets, read the news, order takeout and buy stuff. Read the rest of the story here.

Been busy? Here is a quick roundup of news you should know from this weekend.

1. Thailand Post Launches Four New Services, Embraces The Digital Age

Thailand Post introduces Prompt Post, Messenger Post, the THP card and cross-border delivery service. Read more about it here.

 

2. Digital Media Company Migme Raises $6.2M in Funding

The fresh funds will be used to finance expenditures and attain cash flow positive operations by 2017. Read more about it here.

 

3. Food Panda Is Pulling Out of Indonesia

The business is reportedly up for acquisition, for less than $1 million. However, the online food delivery company still plans to stay in Southeast Asia. Read more about it here.

 

4. Rakuten Acquires Bitcoin Wallet Startup, Bitnet

Rakuten will leverage the acquisition and launch a ‘bitcoin lab’. The transaction financial figures were undisclosed. Read more about it here.

 

5. Worldwide Retail Ecommerce Sales Will Reach $1.915T This Year

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Double Digit growth will continue through 2020, with the bulk of retail ecommerce coming from China, where sales are expected to represent 47% of all such sales worldwide. Read more about it here.