e-money

Retail Asia27/11/2019

Five Southeast Asian Countries have attracted non-banks to build regional electronic wallet platforms, with total e-money transactions exceeding 10 billion. Indonesia, Malaysia, the Philippines, Singapore and Thailand saw over 10 billion e-money transactions occur in 2018. Singapore led the region, accounting for 34 percent of total e-money transactions, having attracted nonbanks to build regional electronic […]

Retail Asia09/10/2018

Ride-hailing company Grab is expanding its mobile wallet services in the Philippines following receipt of an e-money license from the Bangko Sentral ng Pilipinas (BSP). Statistics from the central bank revealed that more than 98% of transactions in the Philippines still happen in cash, whereas 86% of people remain unbanked. Cash handling and services also […]

Retail Asia11/11/2016

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Indonesia’s Lippo Group is turning e-commerce, electronic money and other information technology-related enterprises into a new pillar of its business, closely monitoring spending trends to gain a better foothold in the greater Southeast Asian market. The next phase for the banking and real estate conglomerate “will be the fourth industrial revolution,” CEO James Riady told […]

Retail Asia10/11/2016

Bank Indonesia (BI) will make another revision to regulation on electronic money and introduce electronic wallet in the Bank Indonesia Regulation. The new regulation on the payment transaction processing is expected to be finalized in November 2016. Bank Indonesia deputy governor Ronald Waas said that one of the revision points is related to the expansion […]

Retail Asia07/01/2016

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Hong Kong’s new e-money ordinance will help further develop the retail payment services market in the SAR and enhance public confidence in using such products, according to experts in the banking, financial and legal sectors. However, the high capital requirement for a licensed operator may be a barrier for startups to enter the market. The […]

Tag: e-money

E-Money More Popular than Credit Cards in Southeast Asia

Grab secures e-money license in the Philippines

Lippo Group betting on e-money in digital age

BI Revises Regulation on E-Money

Hong Kong e-money ordinance to boost retail payment market