It will launch in Malaysia and the Philippines in partnership with Visa. It’s in “late stage” talks with prospective collaborators to roll out in Vietnam and Indonesia. The opportunity: YouTrip has a good shot at adding SMB customers due to the large size of the market and its plans to provide a multi-currency card for businesses that operate in more than one country.

Countries mentioned: China, Indonesia, Malaysia, Philippines, Singapore, South Korea, Thailand, Vietnam. Key companies: Lazada, Shopee. Essential stats: Retail ecommerce sales grew by 35.2% in Southeast Asia last year and will rise by an additional 14.3% in 2021 to reach $45.07 billion, according to our forecast.