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Bitcoin purchasers can now buy the cryptocurrency in all 7-Eleven Philippines stores. The move has been introduced by Cryptocurrency investment app Abra in partnership with ECPay payments firm, making the coin available in more than 6000 locations in the…
BigPay, the financial services venture by Malaysian low-cost carrier AirAsia, has announced the fixed-rate international remittance services across Southeast Asia. BigPay is rolling out cross-border transfers for its users to Singapore, Thailand, Indonesia…
Starbucks Japan has launched a new pen-shaped digital wallet called “Starbucks Touch The Pen” allowing customers to buy their coffee without taking out their wallets. The pen’s design resembles a drip coffee machine and comes in three colours – black, silver,…
New research shows the total transaction value of online remote payments for digital and physical goods will exceed US$6 trillion by 2024. The new findings are based on data from Juniper Research that predict the growth of 53 percent in the transaction values…
Payment firms in New Zealand have committed to rolling out the new payment technology credential-on-file (COF) tokenization to strengthen e-commerce security and enhance conversion rates. Adyen, Bambora, Cybersource, Paystation by Trade Me and Windcave said…
Singapore’s national e-payment system, «PayNow», currently boasts a nearly 70 percent penetration of the city-state’s population with monthly volumes exceeding S$1 billion, an MAS board member recently shared with parliament. Ong Ye Kung, minister of…
Chinese consumers can now use Alipay at the Mall of Asia stores thanks to a joint venture between Ant Financial Services and SM. Technology to allow retailers to accept Alipay has been installed at almost half the mall’s stores already, with the rest to…
Major Asian digital payment tech firm QFPay has raised another $20 million from both existing investors and a new list of renowned names including Sequoia Capital and Rakuten. Sequoia Capital China, which has participated in all three funding rounds, joins…
Cross-border payments challenges should not be solved with closed loop systems, global payments network Swift said in a call to the payments community, including market infrastructures, banks and fintechs. Its white paper, Payments: Looking to the Future,»…
Trends come and go in the retail world, but one which undoubtedly appears to be here to stay is the shift in how consumers now choose to pay for goods and services. Physical cash has played an important part in retail for decades, but a recent announcement…
Six prominent mobile wallets across Europe, together with Alipay, announce today a collaboration to promote QR code-based digital payment interoperability for travelers both in Europe and from China. Bluecode, ePassi, momo pocket, Pagaqui, Pivo, Vipps and…
In the 45sqm store, customers can consult with a live bot, which is powered by facial recognition technology, to receive personalised recommendations, try out phones, sign up for mobile plans at video-assisted self-serve kiosks and buy and collect phones and…
Bubble tea chain Chatime is the subject of the latest underpayment scandal, after an in-depth report alleged rampant underpayment in both corporate-owned stores and the franchisee network stretching back to 2009. Employees of the Taiwanese company’s…
JCPenney has finally released an official statement. This offers a technical explanation for the retailer’s decision to “suspend all contactless payment options until a later date.” While that suggests there’s a good chance Apple Pay support will be…
Today payments infrastructure company Stripe announced a series of updates to its product stack for businesses operating in Europe, and acquired a Dublin-based tech company called Touchtech Payments. Strong Customer Authentication (SCA) is coming On September…
Beaurepaires Australia revealed this week that around 3700 current and former employees were underpaid or overpaid due to a payroll error stretching back to 2010. Back payments to the affected staff are expected to cost the business approximately $1.8…
