cashless payment

Retail Asia21/02/2019

More than 50 Japanese banks are joining Tokyo bank J-Coin to set up a cashless payment system developed by Mizuho Financial Group, to be launched late next month. The new service will initially be rolled out to existing account holders at regional banks. Mizuho Bank will initiate the service on March 1, with regional banks […]

Retail Asia21/12/2018

Wirecard, the global innovation leader in digital financial technology, has deepened its partnership with Singtel’s Dash to support the Dash mobile wallet’s Visa Virtual Account on Apple Pay. From now on, Dash’s customers can make payments using Apple Pay at millions of participating on- and offline merchants worldwide. Brigitte Haeuser-Axtner, Executive Vice President, Sales Asia, […]

Retail Asia11/12/2018

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

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 Asia22/11/2018

Visa, the world’s leader in digital payments and GARMIN, in partnership with leading financial institutions, announced the launch of GARMIN Pay, a new contactless payment feature on GARMIN smartwatches. Starting 15 November, customers of Kasikornbank, Krungthai Card and Siam Commercial Bank can add their Visa credit or debit card to their GARMIN smartwatches, while Bangkok Bank […]

Retail Asia06/11/2018

Vietnam’s mobile, electronic wallet and payment application Momo is among the top 100 innovative fintech companies in the world. This is the first time a Vietnamese firm has broken into this special group, positioned 84th. Momo is also in the “Emerging 50” category, which includes newer companies that are at the forefront of innovative technologies […]

Retail Asia06/11/2018

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 Asia02/11/2018

Lippo-backed cashless payment service OVO has announced a partnership with Tokopedia, Indonesia’s largest e-commerce platform. OVO said in a statement on Wednesday that the deal would help it cement its position as the country’s largest mobile payment platform in terms of transaction volume and reach. “The partnership will add Tokopedia’s close to 80 million active […]

Retail Asia29/10/2018

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 Asia16/07/2018

China’s central bank is taking measures to ban business practices of refusing or discriminating against cash payments to deal with over-hype of a cashless society. Some consumers have complained about being denied the ability to use cash in places like tourist areas, restaurants, and retail stores, which harms the legal status of the Chinese yuan […]

Retail Asia15/03/2018

The Government has set itself a target of collecting 80 percent of tax payments in cities through banks and enabling treasuries in all provinces and cities to have cashless payment systems by 2020. This has been announced in the Prime Minister’s Decision No 241/QD-TTg on fostering non-cash payments for public services like water and electricity […]

Retail Asia22/08/2016

In 2014 Singapore was one of the first countries in the world to build a 27/7, real-time interbank fund transfer system, called Fast. However, cash in circulation is 8.8% of GDP, compared to 4.4% in Australia and 2.12% in Sweden. Nearly 13 cheques per person were written in the country in 2014, compared to seven […]

Tag: cashless payment

Cashless-payments will be launched soon in Japan

Wirecard expands cooperation with Singtel’s Dash to enable mobile payments with Apple Pay

Amazon-go to open more stores in the airports

Cashless services explode in Vietnam

Visa and GARMIN launch GARMIN Pay in Thailand

Momo becomes first Vietnamese Fintech 100 firm

Twenty4 opens cash-free retailer in Ipoh Malaysia

OVO lead in Cashless Payment Race in Indonesia

Starbucks Coffee Korea boosts cashless store ranks

China’s central bank regulates forced cashless payment

Vietnam seeks more non-cash payments for public services

Singapore makes cashless payments push