The coronavirus pandemic has become a driver for cashless payments, as people began to prefer consumption and financial transactions in a fast, secure, non-contact and convenient manner. The $80-million funding is expected to allow Synqa to enhance its technologies to provide better products and services for its customers, helping it to gain an advantage in expanding its footprint in the fintech area.

https://asia.nikkei.com/Business/Startups/Thai-startup-raises-80m-from-Toyota-and-others-amid-pandemic