Tag: Cashless

Retail Asia09/06/2022
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2min0
In a country where cash has been king for decades, Deutsche Bank will stop allowing customers to pick up cash at its counters. There is a German adage that Geld Stinkt Nicht, which translates into money doesn’t stink, and helps to explain the country’s strong, and perhaps a stereotypical, preference for cash over the years. […]

Retail Asia04/06/2021
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A new study by the payments giant reveals the growing popularity of digital payment methods such as online wallets, mobile contactless payments and QR code payments among Singaporeans. The ongoing Covid-19 pandemic is hastening the demise of cash-based transactions in the city-state by at least four years, Visa said in its Consumer Payment Attitudes Study, […]

Retail Asia21/01/2020
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3min0
DBS helps further propel Singapore’s cashless movement by introducing quick response code-based payments for the business-to-business segment. The bank hopes to boost payment speeds and is piloting the solution first in the F&B industry – a sector with limited penetration with nine out of 10 payments still being made through cash or bank transfers, according […]

Retail Asia14/06/2019
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Starbucks China has launched its new mobile order & pay experience Starbucks Now to 300 selected stores in Beijing and Shanghai. The firm is planning to introduce this feature across China over the course of the next year. Starbucks Now allows customers to place an order in advance of their visit and pick up their […]

Retail Asia31/05/2019
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4min0
Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking penetration. A new Standard Chartered report says Vietnam has the lowest bank account ratio in six ASEAN countries at 30.8 percent of the population aged 15 and up. This ratio is 34.5 percent in the Philippines, 48.9 percent […]

Retail Asia17/04/2019
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2min0
Westpac New Zealand customers can now use Apple Pay wherever contactless payments are accepted. This reflects the findings of a recent study by Allied Market Research, which found that younger consumers appreciate the simplicity of mobile payments. The mobile payment market is expected to reach $4.5 trillion by 2023, according to the research firm, which […]

Retail Asia04/04/2019
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4min0
Ever since Bank Negara embarked on a 10-year roadmap to move towards a cashless society, the ever growing trend of cashless transactions has been increasing and is popular amongst the Gen-Y and Millennial Generation. Sunway Malls took the initiative to bring in leading e-wallet companies such as Boost, FavePay, GrabPay, Maybank QRPay, Touch ‘n Go […]

Retail Asia11/12/2018
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Online giant Amazon is looking to expand the reach of its automated bricks-and-mortar Amazon Go offer by opening stores in airports, according to a report by Reuters. The retailer’s Go stores utilise myriad cameras which are able to identify customers as they enter, see what they pick up and leave with, and subsequently charge the […]

Retail Asia06/12/2018
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4min0
Vietnam’s central bank says the value of cashless transactions more than doubled over the first three quarters of 2018. The Department of Payments at the State Bank of Vietnam reported a strong rise in payments over electronic channels between January and September, compared to the same period last year. Accordingly, the value of online payments […]

Retail Asia06/11/2018
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1min0
Malaysian convenience store Twenty4 has opened in Ipoh as the region’s first cash-free retailer of its kind. The “smart” convenience store accepts only cashless transactions, earning it a spot in the Malaysia Book of Records. The brand’s CEO Kenny Ng said: “The shop is open round-the-clock and customers can purchase a variety of items, including […]

Retail Asia29/10/2018
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1min1
Starbucks Coffee Korea is adding 300 more ‘cashless shops’ in addition to the 103 stores currently in operation, starting on Monday. Cashless stores require customers use a means of payment other than cash. The company noted that adding 300 more cashless stores would amount to one-third of the 1200 Starbucks shops in South Korea. “Instead of […]

Retail Asia28/08/2017
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China’s popular cashless payment platform Alipay has honed in on Singapore, announcing on Tuesday it has entered into partnership agreement with a local digital payment provider CCPay to offer cashless payment services to Singaporean retailers. Alipay, a subsidiary of Alibaba’s associated Ant Financial, has tapped CCPay to expand the use of the cashless payment platforms in […]

Retail Asia02/08/2017
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3min0
Beijing is China’s “smartest” city for cashless payments, a new study has found, with consumers using e-wallet everywhere from vegetable markets to hotels. The study released on Monday was the result of a 34-city survey by tech firm Tencent, French market research firm Ipsos and Renmin University’s Chongyang Institute for Financial Studies. The survey asked more than […]

Retail Asia11/07/2017
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Alibaba’s financial arm Ant Financial is looking to create more “cashless” cities across China, with the latest agreement inked with Tianjin municipality in North China. The city-wide “cashless” campaign pushed by the e-commerce giant is the fourth installment to hit China, following similar initiatives in Hangzhou — where Alibaba is based — followed by Wuhan and Fuzhou. As with the […]


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