digital payments

Retail Asia08/12/2021

Australian authorities will revamp the regulatory landscape for digital payments, broadening its remit on online transaction providers, cryptocurrency exchanges, and the possible creation of a central bank digital currency. On crypto exchanges, Australia will begin consultation early next year on establishing a licensing framework and regulations for businesses the hold crypto assets on behalf of consumers. It […]

Retail Asia23/04/2020

Digital payment and digital banking solution provider Fomo Pay has opened an office in Kuala Lumpur, Malaysia and has partnered OCBC Bank on a cross-border funds collection service. Fomo Pay has made its first overseas foray into Malaysia, and has partnered OCBC Bank (Malaysia) to develop the country’s first merchant cross-border QR code collection service, […]

Retail Asia06/04/2020

China’s digital payment market grew to $8.4 trillion in the last quarter of 2019 and there are signs of still robust momentum in the months following the outbreak. By transaction volumes, Alipay retained the top rank with 55.1 percent followed by Tencent’s two platforms – WeChatPay and QQ Wallet – at 38.9 percent, according to […]

Retail Asia16/10/2019

Technology has made financial services more accessible to users in the region, and it is projected to expand further to reach 100 million Southeast Asians with limited access to financial services today, according to a report published by Google and partners. The adoption of digital payments in Southeast Asia has reached an inflection point and […]

Retail Asia03/05/2017

Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, up twenty-fold increase in the past four years, according to a new UN study. The data show that digital payments, using existing platforms and networks, provide access to a wider range of digital financial services, expanding financial inclusion and economic opportunity throughout […]

Retail Asia30/11/2016

The APAC FinTech landscape is witnessing unprecedented growth, with FinTech solutions and services expected to gross more than $70 billion in revenue by 2020. Market research firm Frost & Sullivan believes the market is on track to record a CAGR of 72.5% over this period. “Asia-Pacific FinTech investment increased exponentially in 2015. There was a […]

Retail Asia02/02/2016

An extra layer of security for mobile and digital payments has been introduced by Singapore’s United Overseas Bank (UOB) and Australia’s National Australia Bank (NAB). As well as making transactions safer, the new Visa Token Service also makes instore shopping easier. Credit or debit cards are no longer necessary under the Australian bank’s new mobile […]

Tag: digital payments

Australia to Shake Up Digital Payment Regulations

Singapore Digital Payment Provider Expands Abroad

Digital Payments in China Surge

Digital Payments to Cross $1 Trillion in Southeast Asia by 2025

Chinese digital payments reach nearly $2.9tr in 2016

Digital payments fueling FinTech investments in APAC

Banks take up Visa Token Service