Southeast Asian neobank could gain traction with SMBs: Singapore-based YouTrip is expanding to businesses, with a corporate card as its inaugural product, and is well-positioned to benefit from the region’s abundance of smaller businesses.

The etailer is taking a more aggressive approach after imposing surcharges in Australia and Singapore.

Ria Money Transfer and Wise each forged global payment partnerships, and Singapore and Malaysia linked their payment systems.

Splitit partnered with UAE-based BNPL provider tabby, and Singapore-based fintech Fave launched its BNPL service in Singapore and Malaysia as global appetite for installment lending services increases.

Countries mentioned: China, Indonesia, Malaysia, Singapore, Thailand. Key companies: AirAsia, Gojek, Grab, WeChat. Essential stats: This year, retail sales will reach $970.83 billion across the six major economies we track in Southeast Asia. But only 4.6% of those sales—or $45.07 billion—will transact via ecommerce.

In China and the US, 59% of internet users are comfortable using secondhand clothing items, making those countries where the resale fashion economy is most ripe for growth.

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.