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Retail Asia12/11/2019

Apple announced earlier today that’s it’s adding another benefit to the Apple Card starting this week, which is aimed to appeal to iPhone users. During its earnings call, Apple revealed a new program for Apple Card users that will allow them to buy or upgrade to a new iPhone much easier. Thanks to the new […]

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Retail Asia31/10/2019

OCBC became the first Singapore bank to join Singtel’s VIA mobile payment alliance, boosting the mobile operator’s regional payment network. Thailand’s Kasikornbank has also joined the alliance earlier. By the first quarter of 2020, OCBC Bank customers will be able to go cashless when they travel to Thailand or Japan. They will be able to make […]

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Retail Asia22/10/2019

Major South Korean convenience-store chain CU is preparing to accept payments in cryptocurrency. The chain, which operates more than 13,000 outlets in the country, will use the Chai payment system to trade in Terra, a won-backed stablecoin that has garnered investment from many large Korean firms. CU parent firm BGF Retail partnered with Chai earlier […]

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Retail Asia09/10/2019

Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam. Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime Minister Vuong Dinh Hue at a meeting on Friday. The company, along […]

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Retail Asia07/10/2019

Bitcoin purchasers can now buy the cryptocurrency in all 7-Eleven Philippines stores. The move has been introduced by Cryptocurrency investment app Abra in partnership with ECPay payments firm, making the coin available in more than 6000 locations in the territory. The purpose of the new strategy is to simplify access to Bitcoin investment. “Using new […]

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Retail Asia07/10/2019

BigPay, the financial services venture by Malaysian low-cost carrier AirAsia, has announced the fixed-rate international remittance services across Southeast Asia. BigPay is rolling out cross-border transfers for its users to Singapore, Thailand, Indonesia and the Philippines. Such transfers can be done using its mobile application, and will be charged at a fixed rate for each […]

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Retail Asia25/09/2019

Kiwi small businesses are struggling as they wait for an estimated $7.4 billion in overdue payments, Xero has revealed. The Wellington-based tech company, which provides software for small businesses, based the estimate on anonymous data drawn from a sample of its more than 350,000 users in New Zealand. Data from the April-June quarter revealed that […]

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Retail Asia25/09/2019

Payment firms in New Zealand have committed to rolling out the new payment technology credential-on-file (COF) tokenization to strengthen e-commerce security and enhance conversion rates. Adyen, Bambora, Cybersource, Paystation by Trade Me and Windcave said they plan to introduce tokenization in the country, in partnership with Visa, which will not only reduce fraud but will […]

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Retail Asia09/09/2019

The bank is hoping to capitalize on the rising trend of frequent traveling among the younger generation and the high share of rebates and reward card users who are also keen travelers. OCBC Bank has launched its first mass-market miles card, the OCBC 90°N Card, with which it hopes to achieve $1 billion in annual billings within three […]

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Retail Asia06/09/2019

Google continues to push dark themes to its apps and service, a more than welcome feature that Android users have been requested for a long time. Pay is the next Google app that is getting the long-awaited dark theme, although we’re not yet sure if the update that brings the new feature is rolling out […]

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Retail Asia29/08/2019

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The bank is on a recruitment spree in Hong Kong and Singapore as it hopes to increase its private banking assets by 50 percent to $100 million in the next three to five years. The U.K.-based bank will be hiring 30 to 40 private bankers per year in Hong Kong and Singapore, where it derives most […]

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Retail Asia27/08/2019

Major Asian digital payment tech firm QFPay has raised another $20 million from both existing investors and a new list of renowned names including Sequoia Capital and Rakuten. Sequoia Capital China, which has participated in all three funding rounds, joins Matrix Partners as returning investors. New investors also include Rakuten Capital, the VC arm of […]

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Retail Asia15/07/2019

Cross-border payments challenges should not be solved with closed loop systems, global payments network Swift said in a call to the payments community, including market infrastructures, banks and fintechs. Its white paper, Payments: Looking to the Future,» lays out the financial services firm’s vision of cross-border payments as one that is «seamless and convenient as domestic […]

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Retail Asia04/07/2019

The project with LTA will be one of Visa’s largest implementation for contactless acceptance for transit globally at 30,000 acceptance points. All banks that issue contactless enabled Visa cards will be part of this transit initiative. Consumers will also be able to make mobile contactless transactions through compatible devices including Apple Pay, Fitbit Pay, Google […]

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Retail Asia04/07/2019

Trends come and go in the retail world, but one which undoubtedly appears to be here to stay is the shift in how consumers now choose to pay for goods and services. Physical cash has played an important part in retail for decades, but a recent announcement involving South Korean internet firm Naver has put […]

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Retail Asia28/06/2019

Six prominent mobile wallets across Europe, together with Alipay, announce today a collaboration to promote QR code-based digital payment interoperability for travelers both in Europe and from China. Bluecode, ePassi, momo pocket, Pagaqui, Pivo, Vipps and Alipay are working towards adopting a unified QR code, marking a milestone in connecting Europe’s thriving yet fragmented mobile […]

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Retail Asia27/06/2019

Singapore joins other major cities that have enabled open-loop Visa payment cards for public transport, including London, Sydney and New York. Commuters in Singapore can now use their Visa contactless cards or compatible devices to pay for bus or train rides under the Land Transport Authority’s (LTA) SimplyGo initiative, Visa said in an announcement on Thursday. According to Visa, the […]

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Retail Asia19/06/2019

Southeast Asian mobile payment and reward platform Fave has acquired CutQ and FoodTime, two startups specializing in F&B table ordering and takeaway pre-ordering for an undisclosed figure. The acquisition and integration of both firms present Fave with an opportunity to significantly accelerate its growth in the region. “I’m very pleased to welcome both CutQ and […]

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Retail Asia13/06/2019

Singapore bank DBS has developed a mobile payment platform that aims to allow parents in Singapore to purchase uniforms, pay for field trips and sign up for extra-curricular classes for their pre-school children. DBS has partnered EduTech company, LittleLives, to enhance the latter’s app-based pre-school management system with real-time payment features. The app is used […]

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Retail Asia04/06/2019

Mobile payments company Vodafone M-Pesa has applied for an extension on its prepaid payment instrument license while it explores merging with an associate or third party company. Vodafone M-Pesa, which is wholly owned by India’s Vodafone Idea, is seeking an additional extension of its license from the Reserve Bank of India. The company will be […]

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