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Fintech News ME
2 days ago
- Business
- Fintech News ME
UAE Proptech Market Set to Triple by 2030 Amid Digital Transformation
The rapid growth of the proptech market holds significant importance for the UAE as it continues to position itself as a global hub for innovation, real estate, and smart urban living. By integrating advanced technologies such as AI, blockchain, the Internet of Things (IoT), as well as virtual reality (VR) and augmented reality (AR), the country is driving greater efficiency, transparency, and customer experience across the real estate sector. According to Construction Week Online, the UAE's proptech sector, valued at AED 2.24 billion in 2024, is projected to almost triple to AED 5.69 billion by 2030, achieving a compound annual growth rate (CAGR) of 17.49%, based on data from Research and Markets. This expansion is largely fuelled by the adoption of technologies that streamline processes in property development, management, transactions, and investments, while also helping to reduce overall costs. In particular, the integration of VR and AR into the local construction industry is enabling smarter, faster, and more efficient project delivery. These tools improve design precision, enhance collaboration, and minimise errors, qualities that are essential for the UAE's fast-paced, high-value developments. As the nation advances its digital transformation agenda, VR and AR are proving to be competitive advantages, boosting productivity, safety, and client engagement. Lifesize Plans Dubai, an Australian-based global leader in life-sized architectural projections, has closely followed the steady rise of both the proptech and construction sectors in the UAE before entering the market in 2023. The company offers a tactile visualisation solution that transforms architectural blueprints into true 1:1 scale projections during the pre-construction stage, enhancing decision-making and certainty, an approach well-suited to the UAE's rapid, high-value development landscape. Georges Calas, CEO of Lifesize Plans Dubai, said: 'From immersive Virtual Reality (VR) and Augmented Reality (AR) walkthroughs to AI-driven analytics, these new technologies are redefining how real estate is bought, sold, and built in the UAE. As the country continues to push the boundaries of innovation and prove to be one of the top investment options for expatriates from all over the world, proptech is quickly becoming a cornerstone of the market's long-term resilience and global competitiveness.' With the UAE steadfast in its goal of becoming a global leader in smart, sustainable development, the role of proptech is set to grow further. From optimising construction workflows to enhancing customer engagement and improving investment decision-making, supported by strong government initiatives and investor confidence, the sector is reshaping the nation's real estate landscape.
Cision Canada
5 days ago
- Business
- Cision Canada
Antimony Mining Market Experiencing Rapid Growth as a Result of Growing Demand Across Various Sectors
NEW YORK, Aug. 11, 2025 /CNW/ -- Industry insiders say that the global demand for Antimony market is expected to continue growing for several years to come. Some key uses of antimony include: Antimony alloys improve the durability of lead-acid batteries in military vehicles; Its flame-retardant properties enhance the fire resistance of military uniforms and equipment; and it is used in semiconductors for infrared sensors and night-vision devices. These are crucial for defense technology. A 2025 report from Research and Markets revealed the antimony market size is expected to see strong growth in the next few years. It will grow to $6.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to advanced electronics, EV revolution, stringent regulations, global economic conditions, exploration and mining developments. Major trends in the forecast period include green technologies, battery technologies, market expansion in Asia-Pacific, shift towards sustainable antimony production, supply chain challenges and price volatility. The anticipated growth of the antimony market is attributed to the escalating number of fire accidents and the implementation of rigorous fire safety regulations. According to these regulations, prioritizing prevention is crucial to averting fire-related incidents. The surge in fire accidents has led to an increased demand for fire safety measures, consequently driving up antimony production. Antimony is commonly utilized as a flame inhibitor in fire-resistant apparel, flame retardants, and various fire protection systems. For example, in November 2023, reports from the National Fire Protection Association (NFPA), a non-profit organization based in the United States, revealed that in 2022, local fire departments in the U.S. responded to 1.5 million fire accidents. These incidents resulted in the loss of 3,790 lives, with 13,250 individuals sustaining injuries. The property damage from these fires is estimated to be $18 billion. Moreover, between 2021 and 2022, apartment fire-related deaths increased by 14%, injuries by 7%, and property losses by 6%. Consequently, the surge in fire incidents and the enforcement of stringent fire safety regulations are key drivers for the antimony market." Active mining companies active in markets currently include: Xtra Energy Corporation (OTCPK: XTPT), United States Antimony Corporation (NYSE American: UAMY), Perpetua Resources Corp. (NASDAQ: PPTA), MP Materials Corp. (NYSE: MP), Dateline Resources Limited (OTCQB: DTREF). Research and Markets also added in a separate article: "North America and Europe, together accounting for over 40% share of the global Antimony demand in 2024, are the other major markets. The main applications for Antimony in these regions are centered around the automotive and plastics industries. However, these markets are also characterized by stringent industrial regulatory and safety standards in the areas of environmental and personnel protection, which has put brakes on further demand for the element and its compounds. Recycling of old lead acid batteries to obtain antimony has been an effective strategy to curb ecological harm in these markets, a trend that is now catching up in other regions, too." Major Antimony Deposit Discovered: American Antimony Corporation - Operating as Xtra Energy Corporation (OTCPK: XTPT) - Confirms Thick, High-Grade Antimony-Gold Dike System at Arrance Mine - Xtra Energy Corporation ($XTPT), a U.S. based company dedicated to securing antimony, a critical mineral vital to national security for its use in defense, semiconductors, and energy storage, is pleased to provide its preliminary drilling report from the Arrance Mine, part of the flagship 4,194 acre American Antimony Project in Nevada's historic Bernice Canyon District. Investors are cautioned that these results are preliminary, based primarily on visual logging and portable XRF field analysis, and remain subject to confirmation by certified third-party laboratory assays. Samples have been delivered to American Assay Laboratories in Reno, Nevada, and final results will be released following analysis and review by Company geologists. Program Overview - The initial Arrance Mine drilling program consisted of five reverse circulation (RC) drill holes targeting the main felsite dike structure. Of the five holes drilled, four intersected significant stibnite mineralization, and three holes also returned notable gold values from portable XRF screening. The work confirms the presence of a thick, steeply dipping, stibnite-bearing felsite dike system with encouraging gold credits. Drill Highlights: Hole BC25-03 – "Spectacular Intercept" - Same pad as BC25-02; drilled at –20° dip; Dike intercept: 340–625 ft (285 ft continuous); Strong stibnite mineralization throughout; intense alteration; Visible gold confirmed in both high-grade intervals; Arsenic levels are low and well below deleterious thresholds; Preliminary geometry: ~630 ft downhole (~500 ft vertical); Gold (pXRF): 10 ft @ ~80.5 g/t Au (520–530 ft), including 5 ft @ 107 g/t Au; 5 ft @ 190 g/t Au (565–570 ft) Hole BC25-04 – South Step-Out - Located ~150 ft (50 m) south of BC25-02/03; Dike intercept: 110–145 ft (35 ft); Visual Sb present; represents southern strike continuity of the dike Hole BC25-05 – True Width Confirmation - Drilled between BC25-02 and BC25-03, opposite azimuth to measure true width; Dike intercept: 440–465 ft (25 ft); Widespread disseminated stibnite and strong alteration; Estimated true width: 30–45 ft (9–14 m) Hole BC25-01 – Northern Periphery Test - Encountered felsite dikes at 30–65 ft and 205–225 ft; No significant visible stibnite; interpreted as peripheral alteration zone Key Points - Drilling confirms a thick, steeply dipping, stibnite-bearing felsite dike at Arrance Mine; True width estimated at 30–45 ft (9–14 m); Apparent down-dip continuity of 285 ft in BC25-03, one of the thickest such intercepts documented in a U.S. Sb system in decades; Bonanza-grade gold (107 g/t and 190 g/t Au) in distinct zones within the dike; Low arsenic levels (<10–50 ppm pXRF) support favorable metallurgy "The results from Arrance are extremely exciting," said Mac J. Shahsavar, Chairman & CEO of Xtra Energy. "We have confirmed both the thickness and continuity of the mineralized dike, with visible stibnite and exceptionally low arsenic, plus the added benefit of bonanza gold zones. This combination of scale, grade, and metallurgy is rare in antimony systems. Inspired by recent government support for critical mineral projects, such as the U.S. Department of Defense's multibillion-dollar investment in MP Materials and the $24.8 million award to Perpetua Resources for antimony processing with FAST-41 permitting support, we look forward to advancing the Arrance project toward defining a domestic, world-class critical mineral resource that has the ability to help the U.S. with its national security interests." CONTINUED… Read this and more news for XTPT at: In other mining developments and happenings in the markets include: United States Antimony Corporation (NYSE American: UAMY) recently announced that it has completed an acquisition of 100% of the ownership interest of the Fostung Properties which cover fifty (50) single-cell mining claims or 1,114 hectares located approximately 70 kilometers west-southwest of Sudbury, Ontario, Canada, near the town of Espanola. The total purchase price of the tungsten properties was $5 Million in cash in addition to a ½ of 1% (0.005) Net Smelter Return royalty (NSR) interest to be divided equally between the sellers; Transition Metals Corp (XTM-V) and 1930153 ON Ltd (a Private Company). There exists an additional NSR of 1% (0.010) held by a previous owner. Recently, U.S. Secretary of Labor Lori Chavez-DeRemer and Idaho Governor Brad Little met with Perpetua Resources Corp. (NASDAQ: PPTA) in Valley County, Idaho to discuss the Stibnite Gold Project's strategic importance to the United States and Perpetua's plans to provide family-wage, in-demand jobs to rural Idaho during the construction and operations of the Stibnite Gold Project. During the visit, Perpetua Resources announced a new education and job training partnership with the College of Western Idaho (CWI). The Secretary's visit underscores the Trump administration's focus on domestic critical mineral projects that are essential to U.S. national security, like the Stibnite Gold Project. The Stibnite Gold Project is designed to restore the environment, provide family-wage jobs to rural Idaho, and produce gold and the critical mineral antimony. The Stibnite Gold Project, which was identified as a "Transparency Project" by the National Economic Development Council, is expected to provide the United States its only domestically mined source of the critical mineral antimony. Given antimony's essential role in hundreds of defense applications, the Department of Defense has granted Perpetua Resources more than $80 million to date to advance the Stibnite Gold Project. MP Materials Corp. (NYSE: MP) recently announced a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States from 100 percent recycled materials. Under the agreement, MP Materials will supply Apple with magnets produced at its Fort Worth, Texas, facility—known as Independence —using recycled rare earth feedstock processed at MP's Mountain Pass site in California. The feedstock will be sourced from post-industrial and end-of-life magnets, marking a major milestone in both companies' long-standing efforts to create sustainable, domestic supply chains. For nearly five years, Apple and MP Materials have been piloting advanced recycling technology that enables recycled rare earth magnets to be processed into material that meets Apple's exacting standards for performance and design. Building on this technical collaboration, MP will construct a commercial-scale, dedicated recycling line at Mountain Pass enabling the processing of a range of inputs, including magnet scrap and components recovered from end-of-life products. Dateline Resources Limited (OTCQB:DTREF), a North American-focused mining and exploration company, recently announced the appointment of Mr. Simon Slesarewich as Chief Operating Officer (COO), effective August 4, 2025. Mr. Slesarewich brings more than 25 years of international experience in project development, operations, and executive leadership across a range of commodities including gold, base metals, industrial minerals, and bulk commodities. In his new role, he will lead the development of Dateline's 100%-owned Colosseum Gold and Rare Earth Elements (REE) Project, located in California. "We are thrilled to have Simon join Dateline as our Chief Operating Officer at this pivotal stage for the Company," said Stephen Baghdadi, Managing Director of Dateline Resources. "Simon's decision to come on board, and his significant personal shareholding in Dateline, is a strong vote of confidence in the Colosseum Project and our vision. He brings a wealth of operational experience and a proven track record in taking projects from study through to production. We are confident that his leadership will be instrumental in successfully delivering the Colosseum Gold & REE Project into production and driving significant growth for Dateline." DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU was compensated twenty two hundred dollars for news coverage of the current press releases issued by Xtra Energy Corporation by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Arabian Business
25-07-2025
- Business
- Arabian Business
Inside the business of crystals: The booming market for energy, wellness, luxury
Once the main domain of spiritual shops and niche collectors, crystals and energy stones have evolved into a global business with a market that spans wellness, luxury goods, and interior design. Growing consumer demand for holistic wellness and alternative therapies has propelled the crystal trade into a billion-dollar global industry – and the Middle East is emerging as a market of increasing significance. According to a 2024 report by Research and Markets, the global crystals and gemstones market was valued at $31.8 billion in 2023 and is projected to reach $44.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5 per cent. The surge is fuelled by rising interest in energy healing, mindfulness, and sustainability – as well as the growing influence of social media platforms such as Instagram and TikTok, which have amplified the visibility of crystal aesthetics and their purported benefits. From alternative to mainstream Crystals such as amethyst, rose quartz, citrine, and jade are no longer confined to metaphysical shops. Global retailers including Anthropologie, Sephora, Huda Beauty, and major department stores have introduced crystal-infused water bottles, skincare tools, jewellery, and home decor into their product lines. Data from the Global Wellness Institute indicates that the mental wellness market, which includes meditation, mindfulness, and energy healing, was valued at $181 billion in 2022. Crystals, while not broken out as a standalone segment in the report are categorised under 'complementary and alternative therapies' which is among the fastest-growing categories of the wellness industry. While some consumers purchase crystals for their specific aesthetic qualities, many cite their use in promoting emotional balance, clarity, and stress reduction – claims that have been debated in scientific circles. Several studies report no measurable difference between the effects of real and placebo crystals on test subjects, yet anecdotal testimonials continue to drive sales. In the Gulf, luxury and wellness often intersect, making the region a strong market for crystal-focused businesses. High-end retailers in Dubai and Riyadh report steady demand for decorative pieces, luxury jewellery, and bespoke crystal installations in homes, spas, and hotels. The Global Wellness Institute's Global Wellness Economy Monitor 2023 states that the wellness economy in the Middle East and North Africa reached $108.7 billion in 2022, with the UAE and Saudi Arabia emerging as regional leaders in wellness tourism, personal care, and traditional therapies. While crystals represent a niche segment within this broader ecosystem, their popularity is growing as consumers seek holistic well-being experiences rooted in both ancient traditions and modern spirituality. According to Rachel Akmakjian from BriteCo, 'At the end of the day, yes, crystals are worth money. How much money they're worth will, of course, differ according to a very large number of factors.' The industry has also reflected in the real estate market, Eywa, a luxury residential project in Dubai currently under development by The 48-residence building on the Dubai Water Canal is marketed explicitly as the world's first energy-focused residential development. The design incorporates over 1.5 million crystals embedded in its structure intended, according to the developer, to enhance the flow of positive energy and improve residents' well-being. Sustainability challenges for crystals The crystal trade, however, faces scrutiny over sustainability and ethical sourcing. Quartz, the most abundant and commonly sold crystal is mined extensively in Brazil, Madagascar, and parts of Africa and Asia. Reports from advocacy groups such as Human Rights Watch have highlighted concerns about labour practices and environmental impact in some mines. In response, several global brands have introduced certification processes to trace the origins of their stones and ensure that mining practices meet ethical standards. However, there is currently no universally recognised certification for ethically sourced crystals, leaving consumers reliant on retailer claims. Beyond retail, crystals are finding a place in high-end hospitality. Luxury hotels and resorts, including several in the UAE, now offer crystal-infused spa treatments and energy-focused interior design elements. According to the Global Wellness Institute, wellness tourism, which frequently incorporates elements like crystal therapy, was valued at $651 billion globally in 2024, with annual growth rates outpacing general tourism. Even tech-adjacent products have entered the category: crystal-charged water bottles, sound bath equipment, and wearable crystal jewellery integrated with fitness trackers are appearing in premium wellness markets. While the industry is growing, precise figures on the crystal trade remain difficult to measure due to its fragmentation across luxury goods, alternative therapies, and raw materials. Analysts caution that much of the trade remains informal, particularly at the wholesale level in developing countries, and that sales are often unrecorded or lumped into larger categories like 'decorative stones' or 'jewellery.' What is clear, however, is that the market is evolving rapidly. Social media continues to democratise access to knowledge about crystals, while luxury retailers elevate them as status symbols. At the same time, increasing consumer awareness about environmental and social responsibility may reshape supply chains in the years ahead.
Arabian Post
01-07-2025
- Business
- Arabian Post
UAE Data Hubs Eclipse Global Peers
Arabian Post Staff -Dubai Abu Dhabi has claimed the top spot, with Dubai close behind, in a ranking of 97 global markets compiled by Cushman & Wakefield in its 2025 Global Data Center Market Comparison. The analysis, which evaluated 20 critical factors—from power availability and fibre connectivity to development pipelines and land pricing—places Abu Dhabi first and Dubai second among emerging data centre markets. The report highlights a surge in demand for digital infrastructure, driven primarily by hyperscalers, cloud providers and burgeoning AI workloads. Abu Dhabi stands out with exceptional scores for power delivery timelines and cost-effective land, placing it at the very top of the emerging markets category. Dubai, closely following, benefits from robust fibre connectivity and an accelerating development pipeline. ADVERTISEMENT Power availability remains the most pivotal concern across the industry. The study indicates that markets with secure, rapid power delivery attract developer attention, particularly where leading markets are experiencing delays in grid expansion. Abu Dhabi's superior performance in this metric has become a magnet for hyperscale players and colocation operators alike, while Dubai earns marks for its strategic integration of infrastructure and favourable regulatory policy. Pre-leasing rates further support the UAE's ascendancy. Both Abu Dhabi and Riyadh report pre-commitments exceeding 70% on under-construction capacity, a figure surpassing most emerging markets and rivalled only by select Western hubs. This signals strong occupier confidence, as large tenants lock in space well ahead of completion. Regional momentum is reinforced by Research and Markets, which notes that Abu Dhabi currently accounts for nearly 40% of the UAE's upcoming data centre power capacity, with an additional 60 MW projected by the end of 2025. Sector observers estimate cumulative investment in UAE-based facilities will approach US $2.5 billion by 2026. Global trends underscore the link between power constraints and shifting demand. While longstanding markets such as Northern Virginia and Chicago continue to dominate in operational capacity, power scarcity is pushing hyperscalers into newer regions. In Europe and APAC, markets with strong power fundamentals—particularly those offering renewable options—have seen elevated pre-leasing and accelerated construction. In EMEA, nine of the 97 markets reviewed boast pre-lease ratios above 50%, with Milan and Berlin achieving full commitments on live builds. However, Abu Dhabi's combination of policy support, infrastructure coordination, and land pricing renders it the leading emerging centre. Dubai's consistent performance spots it firmly in second place. Local dynamics also support the UAE's climb. Emerging Middle Eastern hubs benefit from coordinated government strategies: jurisdictions like Abu Dhabi and Dubai leverage economic zones, expedited permitting, and public-private partnerships to secure both digital and energy infrastructure. These are precisely the variables weighed in the 20-factor comparison. UAE operators are actively building modern facilities to meet new IT standards and power densities. Major entities—including government-backed developers and international names—are focused on deploying Tier III and IV facilities equipped for high-power AI use‑cases. Expectations of sovereign AI zones are further heightening the appeal of these markets among institutional and hyperscale tenants. Regional competitors, notably Riyadh, also demonstrate strong demand fundamentals. Yet Abu Dhabi and Dubai maintain a lead in deliverability: Abu Dhabi tops the emerging list overall, with superior scores in pre-leasing, fibre availability, and land affordability. Dubai's edge lies in its connectivity, depth of occupier demand, and policy predictability. The broader global picture reveals a shift from established hubs to power-rich emerging sites. Worldwide operational IT load now exceeds 40 GW across the tracked markets, yet established centres still dominate capacity. Emerging markets, particularly in the Middle East, have closed ground fast, thanks to streamlined supply chains, liberal regulatory environments, and readiness for power-intensive workloads.
Coin Geek
23-06-2025
- Business
- Coin Geek
Indonesia, Thailand digital wallet market record growth in 2025
Getting your Trinity Audio player ready... The Indonesian prepaid card and digital wallet market is expected to grow by nearly 10% in 2025, according to a new report. The report, compiled by Research and Markets, projects an 8.4% growth for the card and digital wallet sector, bringing its market capitalization to $7.94 billion by the end of 2025. While the sector has grown since 2020, analysts from Research and Markets are predicting a continuation of the high metrics up to 2029. The report is eyeing a compound annual growth rate (CAGR) of 6.6% between 2025 and 2029, which is poised to grow the market capitalization to over $10 billion. Between 2020 and 2025, the industry's CAGR stood at 13%, but stiffer regulations and a changing consumer climate may slow industry growth. The biggest driver of growth is massive technological improvement in the Indonesian financial landscape. Prepaid cards can be seamlessly integrated with digital wallets and mobile payment platforms, expanding their utility beyond traditional PoS use cases. With contactless cards going mainstream, prepaid card solutions are racking up wider adoption levels in Indonesia. Furthermore, the e-commerce and ride-hailing sectors are powering the need for prepaid card solutions, while the giant strides in cross-border payments are playing their part in the sector's growth. 'As the adoption of digital payment technologies accelerates, prepaid cards will become an even more essential component of Indonesia's financial ecosystem,' read the report. Analysts at Research and Markets report that closed-loop cards accepted at specific retailers will see their market share growth slow down before the end of the decade. On the other hand, open-loop cards will be the biggest growth driver by card type, with mid-tier businesses leading in terms of business segmentation. The report sheds light on the emerging virtual prepaid card market, predicting that the segment will record a double-digit CAGR in the period under review. In terms of market share, mainstream financial institutions will be the largest cohort, leveraging their customer base and emerging digital banking capabilities. However, the report predicts the rise of new fintech with their suite of innovative prepaid card solutions to snag market share from industry heavyweights. Indonesia braces for changes to its financial ecosystem Players in Indonesia's financial ecosystem are readying themselves for a raft of changes poised to change the local landscape. For starters, the country is transitioning oversight of the digital asset sector to the Financial Services Authority from the Trade Ministry. While the transition is the most seismic in terms of impact, investors are keeping their eye on the commodities watchdog over potential changes to introduce double taxation to digital currencies. Furthermore, the country's central bank is inching forward with its central bank digital currency (CBDC) experiments. Thailand's prepaid card market will clinch an $18.64 billion valuation in 2025 Meanwhile, the prepaid card market in Thailand is growing too and is tipped to achieve an $18.64 billion valuation by the end of 2025. According to another Research and Markets report, the sector's impressive growth rate will continue on its current trajectory till the end of the decade. The report pegs the compound annual growth rate (CAGR) at 13.4%, which will see it reach a peak of $30.87 billion in 2030. Several factors account for the industry's projected growth, including the speed of financial innovation and strong regulatory support from the government. The Southeast Asian country has been advocating for a cashless economy, and prepaid card issuers are angling to reap the rewards of a policy change. Thailand's digital money scheme, designed to provide cash to millions of citizens, is considered a major growth driver for the prepaid card market amid a streak of digital wallet integrations. The report highlights the increasing trend of digital wallet integrations with prepaid cards and their rising utility for expense management by corporate entities. Companies cite the perks of real-time transaction monitoring and the possibility of improving corporate expenditure management. The report predicts a rise in 'customized prepaid card offerings' for corporate finance use cases to broaden access across Thailand. Mainstream commercial banks will continue dominating the industry, given their massive client base and headstart in digital banking. The report lists Bangkok Bank (NASDAQ: BKKLY), Kasikorn Bank, and Siam Commercial Bank as the trio with the largest market share but hints at the rise of new fintech firms. Among the new entrants in the space, TrueMoney, Rabbit LINE Pay, and AirPay are charting a path, offering prepaid card offerings with digital wallet integration and a spate of personalized solutions for consumers. Over the last two years, the local ecosystem has been dotted with a streak of partnerships and new launches from new entrants in the space, but larger players are also snapping up emerging firms in high-profile acquisitions. A changing financial landscape Thai authorities are leaning on digital assets to improve the sector, famously turning to digital currencies as electronic cash in Phuket. Thai authorities are also pushing for a government-backed stablecoin for residents while pioneering a $149 million digital bond in Q3 2025. Not keen on settling for local developments, Thailand is riding the wave of key regional partnerships to improve the state of payments in the Asia Pacific region. Watch: New age of payment solutions title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Asia Digital Wallet Indonesia Research and Markets Thailand
