Mobile Payments

Wave Money targeted by Yoma, 19.4 Mio USD for 34% stake

Yoma Strategic Holdings Ltd. plans to acquire a 34% stake in Digital Money Myanmar Co., Ltd. (“Wave Money”) from First Myanmar Investment Company Limited for US$19.4 million, which is subject to completion and will be funded within existing capital plans

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‘Sachet culture’, mobile phones, favor PH fintech growth

The widespread use of mobile phones and the “tingi” or sachet culture in the Philippine retail market provides a fertile environment for financial technology companies, according to Anthony Thomas, president of Mynt, a unit of Globe Telecom. “Filipinos like transacting

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Introducing Bigpay – Asia’s Fintech Challenger Non Bank

BigPay recently soft-launched its new app in Malaysia with a mission to provide low-cost, fair and transparent financial services for everyone. The BigPay app is an everyday digital alternative to bank accounts with an accompanying card that gives users the

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Betting on Contactless: Mastercard Pushes Chips to Center of Table

Mastercard recently announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years. The changes underway ensure that consumers, merchants, and governments around the world will be able to take advantage of next-generation

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HSBC Partners 7-Eleven to Expand Cash Access Network to 800 Touchpoints

HSBC Singapore announced its partnership with 7-Eleven, the largest convenience store chain in Singapore, to offer HSBC customers access to more than 300 of its stores for QuickCash withdrawals. HSBC’s partnership with 7-Eleven will expand its total cash access network

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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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