Mobile Payments
Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19
Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC),
Read More
Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking
Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Chinese sellers saw sales volumes surged 65%
Read More
Adyen Singapore Secures MAS’ Major Payments Institution License
Global payments platform Adyen announced that its Singapore entity has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore‘s license
Read More
Bangkok Bank Unveils Cross-Border QR Payments Between Thailand and Vietnam
Bangkok Bank has unveiled cross-border QR payments between Thailand and Vietnam with the cooperation of the Bank of Thailand (BOT) and State Bank of Vietnam (SBV), claiming to be the first to do so. The service provided by Bangkok Bank
Read More
In Singapore, Digital Wallets are Set to Overtake Credit Cards and BNPL is Fast-Growing
COVID-19 has spurred a spike in e-commerce globally, propelling with it digital payment adoption. In Singapore, digital wallets are set to overtake credit cards as the preferred online payment method over the next four years, and buy now pay later
Read More
Indian Fintechs Ride Digital Payment Wave to Expand to Lending, Wealth, Insurance
With approximately 200 million active users and 30 million merchants, Indian payment players are now riding the growth of digital payments to expand to other financial segments beyond their core offerings, including wealth management, insurance and lending, says a new
Read More
Competition Heats up in Vietnam’s Mobile Payment Landscape
Competition for Vietnam’s young, digitally savvy population is heating up in the mobile wallet and digital payment space. Over the past year, no less than 9 non-bank organization joined the sector and regulatory changes introduced in 2020 could very well
Read More
6 Key Players in Asia’s Buy Now Pay Later (BNPL) Battleground
‘Buy now, pay later’ (BNPL) adoption is set to grow exponentially in the coming years with Asia Pacific (APAC) being the key driver. A study by Coherent Market Insights estimates that the global BNPL was valued at US$7.3 billion in 2019,
Read More
MC Payment Is Now Listed on the Singapore Exchange’s Catalist
MC Payment Limited announced that is now listed on the Singapore Exchange’s (SGX) Catalist, claiming to be the first digital payments company to do so. With a market capitalisation of about S$139 million, the listing of MC Payment Limited brings
Read More
Non-Bank E-Wallets GrabPay, LiquidPay and Singtel’s Dash to Offer PayNow
The Association of Banks in Singapore (ABS) announced that for the first time PayNow has been made available to three non-bank Financial Institutions (NFIs) namely Grab Financial Group, Liquid Group and Singtel’s Dash effective from today onwards. The addition of
Read More