Building on its growth in the Philippines, financial infrastructure company Tala has announced a $100-million partnership with ASEAN banking group CIMB to accelerate its expansion into Vietnam, marking a major step in strengthening its Southeast Asia presence.
CIMB Group, the Malaysia-based parent company of CIMB Bank Philippines, is intensifying its growth push across Southeast Asia by focusing on niche strengths in individual markets, rather than adopting a one-size-fits-all approach.
“We encountered an unexpected system error that affected some transactions. Immediate action was taken and it has since been resolved,” a CIMB spokesperson said in an email to InsiderPH.