mobile wallet

Retail Asia06/12/2018

Vietnam’s central bank says the value of cashless transactions more than doubled over the first three quarters of 2018. The Department of Payments at the State Bank of Vietnam reported a strong rise in payments over electronic channels between January and September, compared to the same period last year. Accordingly, the value of online payments […]

Retail Asia22/11/2018

Mobile payments at South Korean convenience stores have more than doubled this year thanks to the greater use of smartphones and the expansion of mobile settlement services. South Korea’s top convenience store chain CU said the number of so-called easy mobile payments at its outlets soared 121.5 per cent year on year in the first […]

Retail Asia06/11/2018

Vietnam’s mobile, electronic wallet and payment application Momo is among the top 100 innovative fintech companies in the world. This is the first time a Vietnamese firm has broken into this special group, positioned 84th. Momo is also in the “Emerging 50” category, which includes newer companies that are at the forefront of innovative technologies […]

Retail Asia02/11/2018

Lippo-backed cashless payment service OVO has announced a partnership with Tokopedia, Indonesia’s largest e-commerce platform. OVO said in a statement on Wednesday that the deal would help it cement its position as the country’s largest mobile payment platform in terms of transaction volume and reach. “The partnership will add Tokopedia’s close to 80 million active […]

Retail Asia26/10/2018

Customers of 7-Eleven, Cold Storage and Guardian stores in Singapore will soon be able to pay for purchases using WeChat Pay. The owner of the two retail chains, Dairy Farm Group, has worked with NETS to enable visitors from China and Chinese nationals based in Singapore to use the service from November 1. WeChat Pay […]

Retail Asia02/02/2017

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Global mobile wallet spending is on track to grow nearly 32% in 2017 to reach $1.35 trillion, a new study from Juniper Research predicts. Although at the moment transactions are concentrated in China and East Asia, the research firm predicts that brands such as PayPal and Apple wallets which can be used both instore and […]

Retail Asia14/12/2016

CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800 contactless terminal-enabled merchants nationwide as well as search nearby location-based real-time deals. Group consumer banking chief […]

Retail Asia03/11/2016

Whether paying with contactless cards or mobile wallets, Thais prioritize security over convenience and are more likely to use contactless payment methods when they know strong security measures are in place, according to a recent study conducted by Visa. The Visa Mobile Wallet and Contactless Study found that the majority of Thais (82 percent) believe […]

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 Asia09/05/2016

Vodafone has announced that its M-Pesa mobile money service now has more than 25 million active customers. Across the M-Pesa footprint in Africa, Asia and Europe, active M-Pesa customers increased by 27.1% to 25.4 million for the 12 months ending in March. Vodafone offers M-Pesa in 11 countries, having most recently launched in Albania and […]

Retail Asia22/04/2016

Singapore’s StarHub has introduced the ability for its customers to use Apple Pay for secure mobile payments. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the […]

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 Asia26/03/2016

WeChat has launched its payment service WeChat Pay in Hong Kong, including the new Wallet in-app payment feature. Wallet allows WeChat users to connect their MasterCard or Visa credit cards with their accounts to allow them to pay for products and services without having to exit the WeChat app. Users will be prompted to create […]

Tag: mobile wallet

Cashless services explode in Vietnam

Korea’s convenience stores to use mobile payments more

Momo becomes first Vietnamese Fintech 100 firm

OVO lead in Cashless Payment Race in Indonesia

WeChat Pay to be ready in 7-Eleven, Guardian Singapore

Mobile wallet spending set to grow 32% in 2017

CIMB launches mobile wallet app for cashless payments

Security is key for mobile wallet adoption in Thailand

M1 will launch Apple Pay in Singapore

Vodafone’s M-Pesa surpasses 25m active users

Singapore’s StarHub adds support for Apple Pay

Mobile money service launched in Bangladesh

WeChat launches mobile wallet service in Hong Kong