emoney

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 Asia20/04/2016

Financial inclusion in Bangladesh just took a stride closer to reality with the launch of a new international remittance receiving service via a partnership between MasterCard, Western Union, bKash and BRAC Bank. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts. A […]

Retail Asia17/02/2016

Electronic money (e-money) transactions conducted in the country in 2015 reached Rp5.2 trillion in value, up from Rp4.3 trillion in 2014, Governor of Bank Indonesia(BI) Agus Martowardojo said. “In 2009, electronic money transactions were valued at about Rp520 billion only, and now they have reached Rp5.2 trillion,” the central bank governor said while opening the […]

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Grab secures e-money license in the Philippines

Lippo Group betting on e-money in digital age

BI Revises Regulation on E-Money

Mobile money service launched in Bangladesh

e-money transactions reach Rp5.2 trillion