Southeast Asia Is World’s Fastest-Growing Mobile Wallet Market
Southeast Asia is the world’s fastest-growing region for mobile wallets, followed by Latin America and Africa & Middle East, according to a research from London-based fintech company Boku Inc.
The number of mobile wallets in use is likely to grow 311 percent from 2020 to almost 440 million by 2025 across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Mobile wallets overtook credit cards to become the most widely used payment type globally in 2019, according to the report, and adoption accelerated during the pandemic. There were more than 2.8 billion mobile wallets in use at the end of 2020, and that’s projected to increase 74 percent to 4.8 billion by the end of 2025.
Sophos Acquires Capsule8 for Linux Server, Cloud Container Security
Sophos has acquired Capsule8, a runtime visibility, detection and response provider for Linux production servers and containers covering on-premise and cloud workloads. Founded in 2016, Capsule8 is privately held and headquartered in New York. Capsule8’s high-performance, low-impact design is ideal for Linux servers, especially those used for high-scale workloads, production infrastructure and storing critical business data.
Sophos is integrating Capsule8 technology into its recently launched Adaptive Cybersecurity Ecosystem (ACE), providing powerful and lightweight Linux server and cloud container security within this open platform. Sophos will also feature Capsule8 technology in its Extended Detection and Response (XDR) solutions, Intercept X server protection products, and Sophos Managed Threat Response (MTR) and Rapid Response services.
Infor Sells its EAM Business to Hexagon AB
Infor has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB, a digital reality solutions company, for approximately $2.75 billion in a combination of cash and stock. Infor has formed a strategic relationship with the company to better serve shared customers.
In addition, Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon. As a result of the transaction, Koch also will have an ownership stake in Hexagon, and Hexagon’s main shareholder, MSAB, has the intention of suggesting Brett Watson, President of Koch Equity Development, to the Hexagon nomination committee for nomination to the Board of Directors as soon as feasible post-closing.
