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The mobile money service, which allows users to deposit, withdraw, pay or transfer money on mobile devices, has signed up nearly 2.2 million subscribers in eight months. Of the customers, 69% are from rural and mountainous areas, according to the Ministry of…
Vietnam’s Prime Minister Nguyen Xuan Phuc has given the green light for the Mobile Money pilot project, thereby allowing mobile phone subscribers to use their telecommunications accounts to make money transfers and payments up to a limited value for products…
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…
AirAsia Bhd is acquiring the remaining 60% interest in financial services provider Tune Money Sdn Bhd as well as its entire issued redeemable preference shares (RPS) for RM6.36mil in cash. In a filing with Bursa Malaysia, AirAsia said the payment of about…
