mobile payments

Retail Asia04/01/2019

The city of Seoul has moved to ease the transaction-fee burden on small and medium-sized businesses (SMBs) by launching the “Zero Pay” zero-fee digital payment system. The system has been set up in partnership with banks and fintech firms in response to shop owners paying excessive proportions of their monthly sales into credit-card transaction fees. […]

Retail Asia09/10/2018

More than half (53%) of Hong Kong residents polled during a recent survey conducted by the Hong Kong Internet Registration Corporation (HKIRC) said concerns over cybersecurity and privacy risks are major barriers to greater adoption of mobile payments. Other barriers that have been cited in the survey include technical instability and the lack of support for mobile […]

Retail Asia26/05/2016

The operator will allow its customers to use the mobile payment service to make purchases at M1 Shop outlets and branches. Apple has meanwhile revealed it has extended the reach of Apple Pay to include holders of credit and debit cards issued by five banks in the country – DBS Bank, OCBC Bank, POSB Bank, […]

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 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 […]

Retail Asia02/02/2016

For the first time, 34 per cent of browser-based online transactions globally are now made on a mobile device, compared to slightly more than 30 per cent last quarter. And smartphones are starting to outpace tablets. These were key findings of the fourth quarter edition of the Mobile Payments Index by Global payments technology company […]

Retail Asia25/11/2015

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From smartphone-makers to retail firms, more companies are jumping on the mobile payment bandwagon in a bid to take the initiative for hassle-free digital payments. As there is no single dominant player or set of standards yet, the mushrooming mobile payment market is flooded with more than 20 related applications in Korea and may look […]

Tag: mobile payments

Seoul launches zero-fee digital payment system

Security concerns inhibiting m-payment adoption in Hong Kong

M1 will launch Apple Pay in Singapore

Mobile money service launched in Bangladesh

Banks take up Visa Token Service

Smartphones outpace tablets in Asian eCommerce

Mobile payment race intensifies