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The owner of e-wallet MoMo has purchased more than 4.4 million shares, or a 49 stake, in Hanoi-based CV Securities JSC (CVS). The deal was struck Thursday and Online Mobile Services JSC, or M Service, has received more than 4.4 shares from two shareholders of…
Grab Holdings and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region’s two most valuable startups…
Gojek has joined rival Grab in backing Indonesian state-backed e-wallet company in its Series B funding round. Gojek’s joining as a strategic shareholder will provide LinkAja access to the Gojek ecosystem to support LinkAja’s mission in accelerating financial…
In the next three years, Asia will see more than fifty new digital banks that will completely change the financial services landscape. That’s just the beginning, GFT’s Christopher Ortiz says. The region will also see broader adoption of blockchain technology…
Singtel is adding financial services to its mobile wallet Dash, in the form of offer an insurance savings solution underwritten by Etiqa. The Dash EasyEarn savings insurance is designed for investors who want to start saving regularly for their future but who…
Indonesia’s central bank is planning to impose fixed fees on some e-wallet transactions in a move that not only eliminates pricing flexibility but could also deter small merchants from participating. Bank Indonesia is already in talks with the country’s…
Ant is expected to have significant influence and provide technical expertise to the e-wallet, created locally by a small start-up. Chinese digital finance giant Ant Financial has acquired a «sizeable» stake in Vietnamese e-wallet eMonkey, «Reuters» reported…
The Singapore-based firm has made its first foray into an overseas market, and is promising Thai travelers affordable options to pay with the competitive exchange rates when abroad. YouTrip, a multi-currency mobile wallet designed with travelers in mind, is…
More than one-third of Hong Kong consumers are ditching plastic in favor of e-wallets, according to a new FIS report on global retail payment trends. The report showed that e-wallets are now the preferred way for Hong Kong consumers to pay for goods online.…
To mark the e-wallet’s fifth anniversary, DBS announced new functionalities and merchant deals and said it hopes to grow its user base. BS Bank wants to grow its PayLah e-wallet user base from 1.6 million users currently to 3.5 million users by 2023, and will…
As e-wallets gain popularity in the region, credit cards are fighting back in a push to stay relevant through rewards, reduced fees, and improved customer experiences on digital and mobile. 2019 is a key year. This may be the year when mobile payments are…
FamilyMart Taiwan has launched an e-wallet known as “My FamiPay”. The application, launched in collaboration with Cathay United Bank (CUB) and Soft Space, integrates debit/prepaid/credit cards and other various stored value cards to facilitate in-store…
TNG FinTech Group has extended its global money transfer partnership with Tranglo Europe to cover the UK. TNG will invest $20 million to launch a local electronic wallet in the UK, becoming the first Asian FinTech company to access the European market with a…
MarketandResearch pegged the growth of the Singaporean payment cards market at CAGR of 3.3% during the period 2012 -2014, and projects it to grow at a CAGR of 2.7% over the period 2015 – 2020. In Singapore, debit cards dominate the payment card market in…
Millennials demand faster and easier ways to pay. It seemed awkward at first, as J.D Power Director Gordon Shields recalls it, having to pay using his phone at a local supermarket in Singapore. He tells how the checkout assistant confusingly shouted “Apple…
Privacy commissioner for personal data Stephen Kai-yi Wong has urged Hong Kong residents to vigilantly keep control of their personal data in wake of the Hong Kong Monetary Authority’s (HKMA) decision to grant Stored Value Facilities (SVF) licensesto five…
