Mobile Payments

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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Malaysia Mobile Wallets Space Heats Up: Axiata’s Boost Partners with UTM

Boost, an app based mobile wallet developed by Axiata Digital, announced their partnership with Universiti Teknologi Malaysia to create a “Cashless Campus” in Malaysia. This partnership could potentially enable 25,000 students and faculty members across UTM Kuala Lumpur and Skudai

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Grab Secures US$700 Million In Debt Facilities And Wants To Create Southeast Asia’s Largest Car Rental Fleet

Grab , which calles themself now “the leading on-demand transportation and mobile payments platform in Southeast Asia”, today announced that it has secured debt facilities of up to US$700 million, the largest ever debt financing raised by a Southeast Asian

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Australia: Collaborating On The Next Era Of Payments

Transactives, the leading conference organizer of EuropeanPaymentSummit (EMEA) and GlobalPaymentSummit (APAC) , has teamed up with Australian Payments Network (AusPayNet), the self-regulatory body for Australia’s payments industry and home for cross industry innovation, to bring the inaugural Australian Payment Summit

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BNM Approves Sarawak Pay: Sarawak to Roll Out Payments System

Approval from Bank Negara Malaysia for Sarawak Pay was obtained last week , further to the approval the Sarawak Government would see the system implemented at state government departments and agencies next year. The system would allow for payments for

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50 Disrupting Fintech Facts About Mobile Wallets & Payments – An Infographic

“Mobile Wallets are the future.” In a lot of places, the future is already here. This is especially true in developing countries where smartphones are offering users their first taste of the internet. But there’s so much more to it

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