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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,…
The link will facilitate instant, low-cost fund transfers directly from one bank account to another between Singapore and India. Singapore will be linking its national e-payments system PayNow to India’s Unified Payments Interface (UPI) by mind-2022,…
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…
Chinese firm ZA Tech Global is partnering Indonesian payments giant Ovo to offer Indonesian insurance companies access to its proprietary insurtech capabilities and applications. BCP, the holding company of Indonesia’s leading e-wallet Ovo, and ZA Tech…
Social payment, or money transfer via social media, is entering an early development stage in Vietnam as new players step in. Payment service company PayMe last month launched its payment solution via chat boxes of popular social media like Facebook,…
As we pass the halfway point of 2020, the world today looks very different from when we started the year. The impact of the COVID-19 pandemic has affected more than our health, as our daily habits have changed, and how we use goods and services has…
Rapyd, a global Fintech as a Service company, has launched its ‘all-in-one’ payment capabilities in South Korea. By partnering with leading Korean payment service providers, KCP, PayLetter and others, Rapyd now provides access to a robust and comprehensive…
Alternative payments have moved mainstream in India amid Covid-19, according to GlobalData. Payment platforms such as mobile and digital wallets have gained popularity among online shoppers, gradually replacing traditional payments during the pandemic. “The…
Visa, today announced a commitment to support 10 million small businesses across Asia Pacific in an effort to get local communities back to business in the wake of the COVID-19 pandemic. Visa is introducing a range of programs and solutions to help small and…
Ninety-one percent of Asia-Pacific consumers and 79 percent of people globally say they are now using tap-and-go payments, according to a survey by credit card firm Mastercard. Polling by the firm, which focused on shifting consumer behaviors in 19 countries,…
Digital payment and digital banking solution provider Fomo Pay has opened an office in Kuala Lumpur, Malaysia and has partnered OCBC Bank on a cross-border funds collection service. Fomo Pay has made its first overseas foray into Malaysia, and has partnered…
Harbour & Hills has made a strategic acquisition that will allow it to facilitate USD and other major currencies’ payments to China. Harbour & Hills Financial Services (H&H) has acquired a controlling stake in Global Envoi, a payments processor with strong…
Other than the very obvious health concerns caused by COVID-19, the ongoing pandemic is also causing much economic trouble. Apple introduced a customer assistance program for Apple Card users to help offset financial concerns. Many Apple Card users on Reddit…
The firm will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants. Wirecard has entered into a payments partnership with Singapore-based superapp Grab to drive the cashless economy for micro, small…
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…
Tonik, the first pure-play digital bank in Southeast Asia, will debut in the Philippines in 2020. Tonik Digital Bank has received a banking license from Bangko Sentral ng Pilipinas, the Philippines’ monetary authority, the bank announced in a statement on its…
