Mobile Payments

Paycent: Mobile and Cashless Transactions to Improve Financial Inclusion

Singapore-headquartered Texcent is aiming to be the global leader in mobile payments and cashless transactions. It offers a digital payment platform (Paycent) with fully integrated mobile applications, enabling its users to transact in real time 24/7 while allowing merchants to

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China’s Fastest Growing Fintech Startup, iPayLinks Debuts in Malaysia

During the launch of the 9th BankTech Asia at Kuala Lumpur Convention Centre, iPayLinks’ SEA Regional Head, Tang Wai Zhuan announced the group’s strategic decision to expand into the Southeast Asia’s market, with Malaysia being the maiden market and ASEAN

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“Blood and Sand”: The Moment-of-Truth for Mobile Wallets in Asia

“The Deed of the Dying” Many ‘digital wallet” companies in Asia (ex. China) are finding it hard to demonstrate any meaningful value for the users. Wallet Players have experimented with various business models to monetize, but primary focus thus far has

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Mobile Payment Platform Cheers Global Wallet Taps Underbanked Population; Get paid for anything you do on Mobile

Singapore-based Cheers Now  and its Global Wallet is tapping into a greenfield opportunity in Fintech through a rich mobile money ecosystem that enables app developers to financially connect global users within their platforms. This will enable users of any app to transfer

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MyCash Online: A Malaysian Marketplace for Foreign Workers in Southeast Asia

Southeast Asian startup MyCash Online is an online marketplace designed for migrant workers in Malaysia and Singapore. It provides easy, secure and convenient services to the underbanked. MyCash Online offers an e-wallet service that allows users to reload phone credit,

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Going Cardless and Cashless: How Banks and Fintechs are Reinventing Payments

Banks and fintech companies are developing innovative solutions for consumers to pay for goods and withdraw cash without payment cards, offering entirely new ways to transact. In the US, JPMorgan Chase, Bank of America and Wells Fargo are among those that

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Vietnam Announces Major Initiative to Become Cashless by 2020

Vietnam’s deputy prime minister Vuong Dinh Hue has signed a policy decision aimed to dramatically reduce cash transactions and improve electronic payment methods by 2020, according to a report by Viet Nam News. The new plan would not only provide

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Maybank Samsung Pay sees 100% contactless payments rise

Contactless payments introduced to Malaysia as Maybank launch their Samsung Pay boosting the number of customers whilst at the same time reducing its cardholders by 100% by the end of 2017 This follows the success of the Maybank Pay launch

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Maybank Launches the First Mobile Money Transfer Service in Malaysia with Western Union

Maybank and Western Union announced the launch of the first digital remittance service in Malaysia via its Maybank2u (“M2u”) mobile banking App. Maybank Mobile App M2u The mobile App service enables Maybank customers to transfer money to more than 500,000

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Is a Cashless Society Really a Viable Option?

It’s interesting that whilst paper cash has been around for over three centuries the move away from it has been difficult to imagine. The huge increase in the use of credit cards as a form of conducting business was believed

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