Indian merchant commerce platform Pine Labs has raised US$50 million from Vitruvian Partners, a London-headquartered international investment firm. With this newly secured investment, Pine Labs will continue to expand its BNPL offering in the Southeast Asia region.
Australia ranks number one in Asia Pacific for most ransomware attacks, and seventh globally according to new research which reveals that 37% of all attacks on Australian organisations targeted the commercial and professional services sector, research also found that ransomware payments hit new records in 2021 as cybercriminals increasingly turned to Dark Web “leak sites”.
Low-cost airline AirAsia has launched a subscription plan for customers in South East Asia. The subscription plan, called Super+, allows subscribers to fly anywhere with unlimited flight redemptions across all AirAsia airlines across the region, for both domestic and international destinations. Subscribers also have access to unlimited free delivery for AirAsia food orders and are covered by Covid pre-departure insurance. This makes them the only super app in the market that is able to offer this one-of-a-kind subscription plan that includes both travel and lifestyle products and services.
With CDP vendors increasing their workforces by 3.4% in six months, compared with an average of 0.2% each six months over the prior two years, the sector seems to be growing again, according to our own semi-annual industry update. There is much talk of composable CDPs but they still employ no more than 5% of the sector workforce. What is a clear trend is the acquisition of independent CDPs by vendors interested in adding a CDP to a larger system (usually an activation system).