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Good morning,

Welcome back to Strait Up, our weekly newsletter that makes sense of what’s going on in Southeast Asia.

This week, fintech takes centre stage (I swear we don’t plan out these themes). Looks like it might take a while more for Malaysia’s digital banking space to get started as the country’s central bank delays the announcement of licensees.

In the Philippines, e-wallet major GCash has rolled out a subscription service targeting its 4.5 million merchants. We look at the why now of such a move. Meanwhile, Buy Now, Pay Later (BNPL) players in Singapore can breathe a sigh of relief as the city-state’s financial regulator isn’t regulating the industry yet.

Let’s dive in.

Featured image credit: Jonas Leupe/Unsplash

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