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Zion JSC, which owns e-payment service ZaloPay, said it racked up losses exceeding VND840 billion ($36.5 million) in the first nine months this year. Incurring losses of VND667 billion last year, Zion has heavily invested in boosting ZaloPay coverage,…
Vietnam’s central bank has decided not to cap foreign ownership of e-payment companies at 49 percent after consulting with experts. Foreign investment plays an important role in payment intermediaries’ functioning since they rely on technology, and limiting…
Electronic payments are becoming more and more common in Vietnam, according to Visa. Its data for the 12-month period until June 30 this year shows that the number of transactions on the Visa network increased by 45 percent from the previous year, the company…
Gaming company Razer aims to take over Southeast Asian virtual gaming credits and e-payment platform MOL Global at a valuation of US$100 million. Razer already holds a nearly 35 per cent stake in the platform. Razer co-founder/chief Tan Min-Liang says the…
Whether it is paying for groceries, a cup of coffee or a meal in a restaurant, most places provide payment options using the Octopus card, mobile e-wallets and credit cards. The city was one of the first in the world to implement a cashless payment system…
Southeast Asian ride-hailing app Grab has agreed to partner Indonesia’s Lippo Group to develop an e-money payments platform within its operations in the country. The partnership is an extension of a strategic deal signed between the two companies in March…
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