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Singapore is ranked global leader in mobile payment usage among Chinese tourists, fueled by the country’s maturity in mobile payment solutions, according to a joint report by Nielsen and Alipay. The availability of mobile payment is among the top three…
7-Eleven Singapore will collect cash payments for transactions initiated via home-grown financial-services company Pay2Home’s digital platform. Pay2Home is one of the growing group of fintech companies creating services for consumers who are unbanked,…
DBS helps further propel Singapore’s cashless movement by introducing quick response code-based payments for the business-to-business segment. The bank hopes to boost payment speeds and is piloting the solution first in the F&B industry – a sector with…
Visa will be buying privately held financial technology startup Plaid in a $5.3 billion deal, according to a statement from the payments processor. Visa and rival Mastercard had invested in Plaid in a $250 million series C funding round in 2018 that…
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…
Metcash shares have dropped more than 10 percent to a four-month low after 7-Eleven chose not to renew its contract with the wholesale food and beverage supplier when it expires in August. Metcash on Friday said its annual sales to 7-Eleven total about $800…
Showing a 92% increase year-over-year in the volume of the issued loans in the first nine months in 2019, the company has targeted to hit $ 294 million by the end of the year. Meanwhile, the number of issued loans exceeded 6.5 million. With a preserved strong…
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,…
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…
OCBC became the first Singapore bank to join Singtel’s VIA mobile payment alliance, boosting the mobile operator’s regional payment network. Thailand’s Kasikornbank has also joined the alliance earlier. By the first quarter of 2020, OCBC Bank customers will…
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…
Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam. Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime…
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…
Kiwi small businesses are struggling as they wait for an estimated $7.4 billion in overdue payments, Xero has revealed. The Wellington-based tech company, which provides software for small businesses, based the estimate on anonymous data drawn from a sample…
