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Tag: ewallet

Retail Asia13/06/2022
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Finance

E-wallet MoMo buys stake in securities firm

3min0
The owner of e-wallet MoMo has purchased more than 4.4 million shares, or a 49 stake, in Hanoi-based CV Securities JSC (CVS). The deal was struck Thursday and Online Mobile Services JSC, or M Service, has received more than 4.4 shares from two shareholders of CVS – its vice chairman Jiang Wen and general director […]
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Retail Asia11/03/2021
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Finance

Gojek-Grab Rivalry Extends to Digital Payments

2min0
Gojek has joined rival Grab in backing Indonesian state-backed e-wallet company in its Series B funding round. Gojek’s joining as a strategic shareholder will provide LinkAja access to the Gojek ecosystem to support LinkAja’s mission in accelerating financial inclusion in Indonesia, LinkAja CEO Haryati Lawidjaja said in a statement. As part of the deal, the ride-hailing giant will […]
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Retail Asia04/01/2021
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Finance

Asia is Ready for a Digital Banking Revolution

4min0
In the next three years, Asia will see more than fifty new digital banks that will completely change the financial services landscape. That’s just the beginning, GFT’s Christopher Ortiz says. The region will also see broader adoption of blockchain technology with new private exchanges, multi-currency e-wallets and digital assets. Some of the incumbent banks understand […]
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Retail Asia01/07/2020
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Telecom

Singtel Adds Insurance Savings to E-Wallet

2min0
Singtel is adding financial services to its mobile wallet Dash, in the form of offer an insurance savings solution underwritten by Etiqa. The Dash EasyEarn savings insurance is designed for investors who want to start saving regularly for their future but who may be concerned about cash flow, Singtel said in a statement on Monday announcing […]
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Retail Asia03/01/2020
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Finance

Fixed Fees Coming for Indonesia’s E-Wallet Transactions

2min0
Indonesia’s central bank is planning to impose fixed fees on some e-wallet transactions in a move that not only eliminates pricing flexibility but could also deter small merchants from participating. Bank Indonesia is already in talks with the country’s largest digital payment startups to standardize fees on QR code transactions, according to a report citing five […]
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Retail Asia30/12/2019
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Finance

Ant Financial Invests in Vietnam E-Wallet

2min0
Ant is expected to have significant influence and provide technical expertise to the e-wallet, created locally by a small start-up. Chinese digital finance giant Ant Financial has acquired a «sizeable» stake in Vietnamese e-wallet eMonkey, «Reuters» reported on Thursday. The acquisition, which is below 50 percent, wasn’t publicly reported because of fears over anti-China sentiment in […]
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Retail Asia14/11/2019
Finance

Singapore E-Wallet Inks Partnership With Thai Bank

2min0
The Singapore-based firm has made its first foray into an overseas market, and is promising Thai travelers affordable options to pay with the competitive exchange rates when abroad. YouTrip, a multi-currency mobile wallet designed with travelers in mind, is taking its services to customers outside Singapore by launching in Thailand with a partnership with Kasikornbank (KBank), the […]
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Retail Asia10/10/2019
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Finance

DBS to Expand E-Wallet Functionalities

2min0
To mark the e-wallet’s fifth anniversary, DBS announced new functionalities and merchant deals and said it hopes to grow its user base. BS Bank wants to grow its PayLah e-wallet user base from 1.6 million users currently to 3.5 million users by 2023, and will roll out new functionalities and improve the user experience, the […]
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Retail Asia09/05/2019
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Finance

Credit Cards Fight Back Against E-Wallets Wave

4min0
As e-wallets gain popularity in the region, credit cards are fighting back in a push to stay relevant through rewards, reduced fees, and improved customer experiences on digital and mobile. 2019 is a key year. This may be the year when mobile payments are expected to overtake credit cards as the preferred ways to pay […]
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Retail Asia20/10/2017
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Finance

FamilyMart Taiwan deploys e-wallet

2min0
FamilyMart Taiwan has launched an e-wallet known as “My FamiPay”. The application, launched in collaboration with Cathay United Bank (CUB) and Soft Space, integrates debit/prepaid/credit cards and other various stored value cards to facilitate in-store purchases and utility bill payments. Loyalty points can be seamlessly collected and used to redeem or make payments at the […]
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Retail Asia22/09/2017
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Finance

Hong Kong’s TNG FinTech to launch e-wallet in UK

2min0
TNG FinTech Group has extended its global money transfer partnership with Tranglo Europe to cover the UK. TNG will invest $20 million to launch a local electronic wallet in the UK, becoming the first Asian FinTech company to access the European market with a next-generation financial services offering. With the service launch, TNG users will be able to […]
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Retail Asia29/11/2016
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Finance

Singapore becomes test bed for Citi Pay ewallet

3min
MarketandResearch pegged the growth of the Singaporean payment cards market at CAGR of 3.3% during the period 2012 -2014, and projects it to grow at a CAGR of 2.7% over the period 2015 – 2020. In Singapore, debit cards dominate the payment card market in terms of number of cards in circulation. In 2014, the […]
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Retail Asia29/08/2016
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E-Tailing

HK privacy commissioner weighs in on e-wallets

3min0
Privacy commissioner for personal data Stephen Kai-yi Wong has urged Hong Kong residents to vigilantly keep control of their personal data in wake of the Hong Kong Monetary Authority’s (HKMA) decision to grant Stored Value Facilities (SVF) licensesto five mobile e-wallet providers. Wong also called on e-wallet operators to win customers’ trust by respecting their […]
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Retail Asia10/05/2016
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E-Tailing

KinerjaPay Establishes Wholly-Owned Subsidiary in Jakarta

6min0
KinerjaPay, today announced that it established its new wholly-owned subsidiary, PT Kinerja Pay Indonesia, with offices located in Jakarta city, Indonesia. The new Subsidiairy was organized under Indonesian Incorporation Law Article No.34, dated 14 April 2016, and Principal License from Indonesia Investment Coordinating Board (BKPM) No.909/1/IP/PMA/2016 dated 06 April 2016. The Company has also appointed […]
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