Swiss Re Corporate Solutions names head of Malaysia business

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Swiss Re Corporate Solutions has appointed Jack See (pictured above) as head of Malaysia and principal officer of its operations in Malaysia. He will succeed Juerg Stoll, who is set to retire on Jan. 21.

See will relocate from Singapore to Kuala Lumpur for this role, where he will be responsible for managing operations and driving profitability in the Malaysian market. He will lead a team of sales and underwriting specialists servicing large and upper-mid-sized businesses through broking partnerships and other intermediaries. He is currently head of casualty and finpro for Southeast Asia, a role he will hold concurrently with

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M-Pesa hits 50 million customers as Africa’s largest FinTech platform

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M-Pesa has reached 50 million monthly active customers, cementing its position as Africa’s largest FinTech platform – an amazing feat on the continent.

M-Pesa hits 50 million customers

Launched more than 14 years ago in Kenya, M-Pesa is today available in Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ghana and Egypt.

The number of active M-Pesa customers has doubled in the past five years. The milestone also comes just 18 months after Safaricom and Vodacom launched the M-Pesa Africa joint venture to accelerate growth of the service across the continent.

M-Pesa Africa has been delivering digital platforms

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Instant payments transactions to exceed $27 trillion globally by 2026

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A new study has found the transaction value of instant payments will exceed $27.7 trillion in 2026, from just $4.8 trillion in 2021.

The research identified that this extraordinary growth of over 470% will be driven by improved cost and transparency for instant payment schemes versus legacy payment schemes, such as ACH or CHAPS.

The research predicts instant payment schemes will increasingly disrupt both domestic and cross-border channels by offering payments that are faster to process, cheaper to both facilitate and initiate, and easier to track and reconcile.

However, instant payments will take time to proliferate, given the fragmented nature

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Why more and more people prefer to pay straight from their online bank

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Trustly is a world leader in account-to-account payments with an unmatched banking network and consumer reach of over half a billion. Here’s their view of the increasing popularity of Online Banking Payments. And, why more and more people are opting for fast, direct and more flexible digital payment methods. Trustly’s VP of Partnerships, Ciaran O’Malley, breaks down why.

A shift in consumer behaviour

During the pandemic, consumers started to abandon cash for contactless. Cashless and mobile payments, more online debit card usage, as well as the growth in e-commerce, were around before the coronavirus hit.

Yet Covid-19 has accelerated the

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