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Tag: Payment

Retail Asia23/04/2020
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Finance

Singapore Digital Payment Provider Expands Abroad

2min0
Digital payment and digital banking solution provider Fomo Pay has opened an office in Kuala Lumpur, Malaysia and has partnered OCBC Bank on a cross-border funds collection service. Fomo Pay has made its first overseas foray into Malaysia, and has partnered OCBC Bank (Malaysia) to develop the country’s first merchant cross-border QR code collection service, […]
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Retail Asia09/04/2020
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Finance

Hong Kong Fintech Launches B2B Payments Gateway to China

2min0
Harbour & Hills has made a strategic acquisition that will allow it to facilitate USD and other major currencies’ payments to China. Harbour & Hills Financial Services (H&H) has acquired a controlling stake in Global Envoi, a payments processor with strong capabilities in clearing payments to China, the Hong Kong-headquartered B2B payments service provider announced on […]
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Retail Asia13/03/2020
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Finance

Wirecard Partners Grab for Payments

1min0
The firm will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants. Wirecard has entered into a payments partnership with Singapore-based superapp Grab to drive the cashless economy for micro, small and medium enterprises (MSMEs) across Southeast Asia, the Munich-based firm announced in a statement on […]
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Retail Asia13/01/2020
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Finance

All-Digital Bank to Launch in Philippines

3min0
Tonik, the first pure-play digital bank in Southeast Asia, will debut in the Philippines in 2020. Tonik Digital Bank has received a banking license from Bangko Sentral ng Pilipinas, the Philippines’ monetary authority, the bank announced in a statement on its blog on Thursday. This would allow Tonik to provide a full range of retail banking services, focused […]
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Retail Asia26/12/2019
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Finance

WeChat Adds Diamond Purchase Traceability Feature

1min0
Tencent partnered with Russian diamond miner ALROSA Group to offer an in-app blockchain-based feature that provides traceability for diamond purchases made through WeChat. WeChat adds a new capability for affluent users to access transparent information about the «origin, characteristics and ownership history» of diamonds purchased through the platform. In addition to ALROSA – which accounts […]
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Retail Asia19/12/2019
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Startups

Gojek Nears Deal for Mobile Payments Startup

2min0
With Gojek aiming to become a major player in Indonesia’s digital payments space, the acquisition would help it compete with other regional giants like Grab. Gojek is said to be close to finalizing a deal for Jakarta-based mobile point-of-sale (POS) startup Moka, «Bloomberg» reported on Wednesday. The deal is said to be worth at least $120 […]
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Retail Asia17/12/2019
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Finance

Line Pay Taiwan Forms Cross-Border Payments Alliance

1min0
The digital wallet and fintech service for messaging app Line will allow people from Japan, Korea and Thailand to use their local mobile payment services when in Taiwan. Line Pay has announced a cross-border mobile payment alliance to connect the ecosystems of payment operators Line Pay Japan, Rabbit Line Pay (Thailand), Naver Financial (Korea), and […]
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Retail Asia15/11/2019
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Finance

Foreigners in China Can Soon Use Wechat Pay

3min0
Alipay and WeChat Pay have announced plans to open up their platforms to foreigners visiting the mainland. This week, the two dominant payment apps in China announced that they will allow their platforms to be used by visitors to China, possibly boosting spending there. Although Alipay and WeChat Pay’s logos are visible in stores and […]
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Retail Asia14/11/2019
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Finance

Alipay now available for tourists in China

1min0
International travelers can now use mobile payments in China as Alipay has launched a new version of its payment app designed for short-term overseas visitors. After installing the Alipay app, international visitors can register with their overseas mobile phone number to access the “Tour Pass” mini-program through which they can use the “Prepaid Card” service […]
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Retail Asia13/11/2019
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Finance

Payments Platform PPRO Partners with Grab

3min0
Payments platform PPRO adds GrabPay to its list of partners in a bid to tap into a Southeast Asia market estimated to be worth $600 billion this year alone. GrabPay, developed by cab-hailing app giant Grab, joins a list of 150 local payment methods (LPMs), such as Alipay, WeChat Pay and UnionPay, which will leverage […]
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Retail Asia12/11/2019
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Finance

UOB Launches QR-Based Payment Collection Solution

2min0
UOB attempts to help businesses accelerate payment collection and improve cash flow through its new QR-based solution. The bank launched the QR solution mCollect which allows businesses to collect payments from buyers through fund transfer service PayNow at the point of delivery. Businesses can provide their customers with a QR code generated by mCollect which can […]
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Retail Asia08/11/2019
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Food

Starbucks will accept Bitcoin from next year

2min0
Global coffee chain Starbucks is now on track to accept payments in the world’s best-known cryptocurrency, Bitcoin. The firm is partnering with Wall Street-listed Intercontinental Exchange (ICE) which will begin testing its consumer app Bakkt in Starbucks stores in the first half of next year in as many as 30,000 Starbucks outlets globally. Starbucks hinted […]
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Retail Asia07/11/2019
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Finance

Chinese continue to drive growth of payment platforms

2min0
More and more Chinese are using payment platforms when shopping, thanks to mainlanders’ increasing affluence and vast usage of social payments such as WeChat Pay. That’s according to business intelligence provider Juniper, which says that revenue from payment platforms will grow from US$106 billion in 2019 to $158 billion by 2024. And it forecasts that […]
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Retail Asia04/11/2019
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Finance

Merlin Entertainments takes on global digitalisation with Adyen’s payment platform

4min0
 Adyen, the payments platform of choice for many of the world’s leading companies, has partnered with Merlin Entertainments plc a global leader in location-based, family entertainment, to consolidate its payments experience across more than 130 attractions in 25 countries around the world. Adopting Adyen’s single payments platform supports Merlin Entertainments’ future expansion globally by transforming […]
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Retail Asia01/11/2019
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General

YouTrip Takes Over Some Of EZ-Link Functions

3min0
Singapore’s first multi-currency mobile wallet with a prepaid Mastercard announced that it has secured a Principal Licence from Mastercard and will assume the primary role of the issuer and stored value facility holder of YouTrip accounts. The principal license will allow YouTrip to deliver improved and additional features directly to its users, as well as […]
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