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Tencent partnered with Russian diamond miner ALROSA Group to offer an in-app blockchain-based feature that provides traceability for diamond purchases made through WeChat. WeChat adds a new capability for affluent users to access transparent information about…
With Gojek aiming to become a major player in Indonesia’s digital payments space, the acquisition would help it compete with other regional giants like Grab. Gojek is said to be close to finalizing a deal for Jakarta-based mobile point-of-sale (POS) startup…
The digital wallet and fintech service for messaging app Line will allow people from Japan, Korea and Thailand to use their local mobile payment services when in Taiwan. Line Pay has announced a cross-border mobile payment alliance to connect the ecosystems…
Banks in South-east Asia could miss out on as much as $5 billion, or 14.3 percent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-banks, according to a new report. As payments become more «instant,…
Alipay and WeChat Pay have announced plans to open up their platforms to foreigners visiting the mainland. This week, the two dominant payment apps in China announced that they will allow their platforms to be used by visitors to China, possibly boosting…
International travelers can now use mobile payments in China as Alipay has launched a new version of its payment app designed for short-term overseas visitors. After installing the Alipay app, international visitors can register with their overseas mobile…
Payments platform PPRO adds GrabPay to its list of partners in a bid to tap into a Southeast Asia market estimated to be worth $600 billion this year alone. GrabPay, developed by cab-hailing app giant Grab, joins a list of 150 local payment methods (LPMs),…
UOB attempts to help businesses accelerate payment collection and improve cash flow through its new QR-based solution. The bank launched the QR solution mCollect which allows businesses to collect payments from buyers through fund transfer service PayNow at…
Apple announced earlier today that’s it’s adding another benefit to the Apple Card starting this week, which is aimed to appeal to iPhone users. During its earnings call, Apple revealed a new program for Apple Card users that will allow them to buy or upgrade…
Global coffee chain Starbucks is now on track to accept payments in the world’s best-known cryptocurrency, Bitcoin. The firm is partnering with Wall Street-listed Intercontinental Exchange (ICE) which will begin testing its consumer app Bakkt in Starbucks…
More and more Chinese are using payment platforms when shopping, thanks to mainlanders’ increasing affluence and vast usage of social payments such as WeChat Pay. That’s according to business intelligence provider Juniper, which says that revenue from payment…
Adyen, the payments platform of choice for many of the world’s leading companies, has partnered with Merlin Entertainments plc a global leader in location-based, family entertainment, to consolidate its payments experience across more than 130 attractions in…
Singapore’s first multi-currency mobile wallet with a prepaid Mastercard announced that it has secured a Principal Licence from Mastercard and will assume the primary role of the issuer and stored value facility holder of YouTrip accounts. The principal…
Major South Korean convenience-store chain CU is preparing to accept payments in cryptocurrency. The chain, which operates more than 13,000 outlets in the country, will use the Chai payment system to trade in Terra, a won-backed stablecoin that has garnered…
Technology has made financial services more accessible to users in the region, and it is projected to expand further to reach 100 million Southeast Asians with limited access to financial services today, according to a report published by Google and partners.…
Ingenico is one of the very first international payment service providers (PSP) to support all use cases for WeChat Pay, including the capability to integrate into WeChat Official Accounts and Mini-Programs. This is a crucial advantage that allows the 1.1…
