Mobile Payments

Foreign Tech Giants Eye Vietnamese Market With Fintech Solutions

With 30 million smartphone users and a 52% Internet penetration rate, the Vietnamese market is believed by many to be fertile ground for fintech solutions and digital finance. Foreign multinationals and firms are entering the country in hopes to attract

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Ascend Money Announces 50,000 Agent Networks Across Southeast Asia

Ascend Money, a Southeast Asian fintech business under Thailand’s Ascend Group, has reached 50,000 agents—local franchises and networks such as convenience stores, pharmacies, street vendors, and cafes, that conduct financial services for customers—across Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the

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Alipay Kicks Off “Double 12” Global Shopping Festival in Southeast Asia

Alipay, the world’s largest online, mobile payments and lifestyle platform operated by Ant Financial Services Group, kicked off its 2017 “Double 12” Global Shopping Festival in Southeast Asia, including Singapore, Malaysia, Thailand and the Philippines. Globally, “Double 12” will be seen in

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Mobile Payment India : Federal Bank Partners With MatchMove for Digitizing Payments

Federal Bank, a leading private sector bank in India, partners with MatchMove India Pvt Ltd to digitise rollout of employee reward systems. MatchMove Partner Card Program will help in replacing the existing systems prevailing in various companies for fringe benefits

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E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie

Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who

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Malaysia: Chinese Giant’s Battleground for Digital Wallets, Who Will Win?

Geopolitical pressures to out-compete the Americans have driven China to exert its influence in South East Asia. Chief among the beneficiary of this exercise is Malaysia. While many of these government to government initiatives are largely focused on infrastructure projects,

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MAS Launches Second Consultation on New Regulatory Framework for Payments

The Monetary Authority of Singapore (MAS) launched a second consultation on its proposed payments regulatory framework, known as the Payment Services Bill (the “Bill”). The Bill will streamline the regulation of payment services under a single legislation, expand the scope

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Payments Council endorses Singapore QR Code Specifications for Electronic Payments

The Payments Council has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks. The new SG QR was developed by an industry

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BNM Greenlights TNG Digital: Touch ‘n Go and AliPay’s Joint Venture

TNG Digital Sdn Berhad a new entity jointly formed by CIMB Bank’s subsidiarity, Touch ‘n Go and Alipay has received green light from Bank Negara Malaysia. The new entity will consist of Touch ‘n Go’ as the majority shareholder and

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Grab And Transfer to Partner Up To Deliver Real-Time Digital Payments Across South-East Asia

TransferTo, a global Cross-Border Mobile Payments Network, has been chosen by Grab, the mobile ride-hailing and payments platform in South-East Asia, to enable real-time earnings payouts for Grab drivers using their GrabPay account, across Grab’s operating markets. For the first time, and as a

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