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Afterpay the leader in “Buy Now, Pay Later,” today announced a partnership with Stripe, the technology company building economic infrastructure for the internet. The two companies are joining forces to offer Afterpay’s payment service to Stripe merchants…
The latest draft rules proposed by the People’s Bank of China signals even more regulatory tightening against the mainland fintech sector including the potential to even break up non-bank institutions deemed to hinder payment development. The People’s Bank of…
VNPay has become the second unicorn startup in Vietnam and one of 12 companies in Southeast Asia with a valuation of $1 billion. The payment company was listed as a unicorn in the recent “e-Conomy SEA 2020” report by Google and its partners, alongside well…
Google Pay is pretty big in the US, and starting this week it will get even bigger. Currently, thousands of banks and financial institutions offer customers support for Google Pay, so the 89 names added this week will probably feel like a grain in the sand.…
Statrys, a Hong Kong-based digital payment services platform, has recently accepted a USD $5M funding round to help kick off its newest products to a rapidly growing market. This round was led via a closed-door funding arrangement with an angel investor in…
The cross-border payments specialist is integrating e-wallet leaders Doku and Ovo into its global portfolio. The new integrations help to accelerate market entry and boost conversion for businesses hoping to tap on Southeast Asia’s largest e-commerce market,…
BigPay is coming to Singapore, after 2 years of rapid growth with over 1 million users in Malaysia. The fast-growing Fintech is on an aggressive growth path and is getting ready to make its mobile money app and prepaid Visa card available to all Singapore…
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…
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,…
During February and March, as many countries imposed or strengthened social distancing measures due to COVID-19, a significant majority of consumers turned to contactless card payments for necessary purchases. Citing safety and cleanliness, 79 percent of…
China’s digital payment market grew to $8.4 trillion in the last quarter of 2019 and there are signs of still robust momentum in the months following the outbreak. By transaction volumes, Alipay retained the top rank with 55.1 percent followed by Tencent’s…
Digital payments in India have risen by 10 percent over the last month, despite a 30-per-cent decline in online travel spending. According to payments platform Razorpay, as human interactions are reducing across the country, consumer payment habits are…
Mastercard’s joint venture in China has been the green light given by the People’s Bank of China for it to begin formal preparations to set up a domestic bankcard clearing institution in China. Mastercard’s joint venture with NetsUnion Clearing will need to…
The e-commerce market in Malaysia is among the fastest-growing in Southeast Asia, with a total transaction value of MYR25.6bn (US$6.2bn) in 2019. This is expected to cross $11 billion in 2023, according to GlobalData. Rising Internet and smartphone…
A new survey by Alipay and Nielsen has found overseas merchants are actively exploring digital operations via Chinese mobile payments to increase sales and customer traffic. The jointly released survey reveals the latest trends in Chinese outbound tourism and…
Despite the dominance of cash, card payments volume in Hong Kong is expected to surpass one billion in 2020, says GlobalData. The convenience of electronic payments, robust payment infrastructure and the emergence of contactless payments are expected to drive…
