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Vietnam’s central bank says the value of cashless transactions more than doubled over the first three quarters of 2018. The Department of Payments at the State Bank of Vietnam reported a strong rise in payments over electronic channels between January and…
Mobile payments at South Korean convenience stores have more than doubled this year thanks to the greater use of smartphones and the expansion of mobile settlement services. South Korea’s top convenience store chain CU said the number of so-called easy mobile…
Vietnam’s mobile, electronic wallet and payment application Momo is among the top 100 innovative fintech companies in the world. This is the first time a Vietnamese firm has broken into this special group, positioned 84th. Momo is also in the “Emerging 50”…
Lippo-backed cashless payment service OVO has announced a partnership with Tokopedia, Indonesia’s largest e-commerce platform. OVO said in a statement on Wednesday that the deal would help it cement its position as the country’s largest mobile payment…
Customers of 7-Eleven, Cold Storage and Guardian stores in Singapore will soon be able to pay for purchases using WeChat Pay. The owner of the two retail chains, Dairy Farm Group, has worked with NETS to enable visitors from China and Chinese nationals based…
Global mobile wallet spending is on track to grow nearly 32% in 2017 to reach $1.35 trillion, a new study from Juniper Research predicts. Although at the moment transactions are concentrated in China and East Asia, the research firm predicts that brands such…
CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800…
Whether paying with contactless cards or mobile wallets, Thais prioritize security over convenience and are more likely to use contactless payment methods when they know strong security measures are in place, according to a recent study conducted by Visa. The…
The operator will allow its customers to use the mobile payment service to make purchases at M1 Shop outlets and branches. Apple has meanwhile revealed it has extended the reach of Apple Pay to include holders of credit and debit cards issued by five banks in…
Vodafone has announced that its M-Pesa mobile money service now has more than 25 million active customers. Across the M-Pesa footprint in Africa, Asia and Europe, active M-Pesa customers increased by 27.1% to 25.4 million for the 12 months ending in March.…
Singapore’s StarHub has introduced the ability for its customers to use Apple Pay for secure mobile payments. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a…
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…
WeChat has launched its payment service WeChat Pay in Hong Kong, including the new Wallet in-app payment feature. Wallet allows WeChat users to connect their MasterCard or Visa credit cards with their accounts to allow them to pay for products and services…
