Minjun ParkGeneral
Indian Retailers Plan Price Hikes as Government Adds 0.4% UPI Fee
Store operators and clothing brands prepare to trim festive discounts or lift shelf prices before the October 15 levy on transactions over ₹2,000 takes effect.
Tag
payments
Every story tagged payments on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged payments
169 stories in this topic
Aiko TanakaResearch
Taiwan Phishing Losses Hit NT$54.5 Million as Scammers Target Shopee and Momo Users
Phishing incidents doubled to 505 cases last month despite a 35 per cent drop in overall fraud losses across Taiwan.
Maria SantosFinance
Boosting Transparency and Trust: Singapore FinTech Association Launches Payments Code of Conduct
The Singapore FinTech Association (SFA) has introduced a voluntary code of conduct for payment service providers (PSPs). This sets new industry standards intended to bolster transparency, protect consumers, and build trust within the Singaporean payments…
Aiko TanakaFinance
Visa and Lianlian Pioneer AI-Driven B2B Payments in Greater China
In a pioneering move, Visa and Chinese fintech company, Lianlian, have successfully completed the first-ever business-to-business (B2B) transaction facilitated by artificial intelligence (AI) in Greater China. The transaction, which marks significant progress…
Aiko TanakaFinance
Stripe and Advent Propose $53 Billion Deal to Acquire PayPal: A Giant Leap in Payments Industry
In significant financial news, payment giant PayPal Holdings Inc has reportedly received a joint acquisition bid from payments provider Stripe and private equity powerhouse Advent International. The offer, which values PayPal at a staggering $53 billion USD,…
Rajiv MenonFinance
Tencent Revolutionizes Cross-Border Payments: Expands Remittance Services to Global Audience
Tencent, the Chinese multinational conglomerate, has extended its cross-border payment service, TenPay Global, to non-Chinese citizens. This move allows overseas individuals to send money directly into China and avail themselves of WeChat-related services.…
Sarah ChenFinance
Expanding Real-Time Payments: ClearBank Joins Forces with Tazapay to Boost Fintech Connectivity in Asia and Europe
ClearBank, a prominent banking institution, has recently teamed up with Tazapay, a Singapore-based cross-border payments platform experiencing rapid growth. The move is a strategic effort to fortify payment processes between Asia and Europe. Notable Milestone…
Aiko TanakaFinance
OCBC Leads the Charge in QR Payments Integration, Dominating China’s Scan-and-Pay Market
OCBC Bank is set to be the first Singaporean financial institution to allow customers to scan and pay every major merchant QR code in Mainland China via its Singapore mobile banking application. This innovation is a significant leap in the integration of…
Maria SantosFinance
Alibaba Veteran Jia Hang Spearheads DCS Group’s Future; Set to Revolutionize Cross-Border Payments
DCS Group, previously known as Diners Club Singapore, has announced the appointment of Jia Hang as its new executive chairman. This represents the most senior leadership addition in the group’s history, underlining its ambition to revolutionise cross-border…
Wei ZhangFinance
UBS and Ant International Pioneer Real-Time Global Payments: Unveiling Next-Gen Blockchain Solutions for Cross-Border Settlements
Swiss institution UBS has announced a strategic partnership with Singaporean fintech firm Ant International. The collaboration aims to build blockchain-based tokenised deposits to facilitate real-time global payments. This alliance marks a significant…
Aiko TanakaFinance
Boku Leverages Singapore as Gateway to Revolutionize Global Payments Market
Boku, a leading mobile payments company, has selected Singapore as the site for its latest Innovation Hub. This decision aligns with the company’s strategic plan to secure a portion of the rapidly expanding global payments market, which is projected to reach…
Sarah ChenFinance
India To Implement Facial Recognition, Fingerprint Verification For Upi Transactions From October 8
Starting October 8, India will incorporate facial recognition and fingerprint verification as methods for approving transactions carried out through the nationally renowned Unified Payments Interface (UPI), according to insiders with direct knowledge of the…
Rajiv MenonFinance
APAC Instant Payments Expected to Surge to $170.2B by 2029, Says GlobalData
It’s becoming clear that Asia is leading the charge in the world of instant payments. According to estimates by GlobalData, the instant payments market across 14 Asia Pacific countries is set to grow at a compound annual growth rate (CAGR) of 11.6% between…
Sarah ChenFinance
China and Indonesia Launch Innovative Pilot Program for Cross-Border QR Payments
In an exciting development for cross-border commerce, selected users from China can now engage in QR payments while visiting Indonesia, thanks to a collaborative pilot initiative between the two nations. This innovation allows users to make payments using the…
Maria SantosFinance
South Korea’s Payment Card Market Set to Hit $1 Trillion by 2025: A Game Changer for Retail!
In a remarkable shift towards digital finance, South Korea’s payment card market—encompassing both point-of-sale (POS) payments and ATM withdrawals—is projected to grow by 3.8%, reaching an impressive $1 trillion (KRW1.4 quadrillion) by 2025, as revealed in a…
Sarah ChenFinance
DCS Launches Innovative Web3 Payment Platform, Revolutionizing the Retail Experience
DCS Card Centre is on the fast track to redefine its role in the financial landscape, transitioning from a traditional card issuer to a comprehensive global payments enabler. This transformation underscores a larger ambition to seamlessly connect the realms…
Background from the Retail Academy
Evergreen guides that explain the mechanics behind this topic.
Payments
Payments in Brunei
How Bruneian shoppers pay in store and online, what acceptance costs, and how the payment mix changes your working capital.
Asia Market Guides · 8 min read
E-commerce
Omnichannel fulfilment
Ship-from-store, click and collect, marketplace fulfilment and live commerce, what each model demands from inventory accuracy, staffing and systems, and whe…
Retail Operations · 11 min read
KPIs and definitions
Retail KPI dictionary
Plain definitions and formulas for the retail metrics that appear in Asian earnings calls, investor decks and operating reviews, with notes on how each one…
Retail Toolkit · 8 min read
Market entry
Market entry models
The four ways brands enter Asian retail markets, what each one costs in control and capital, and the questions that decide which is right for a given country.
Retail Leadership · 13 min read