Tag "Alipay"

Malaysia’s Wallet Wars Rages On: WeChat Pay Secures First Banking Partner

Following Tencent’s recent success in securing E-Money license from Bank Negara Malaysia, the company’s payments arm WeChat Pay has received the green light from Bank Negara Malaysia to partner up with Hong Leong Bank. Similar to Alipay’s game plan, WeChat

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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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Top 5 Fintech Philippines News of the Week (CW 46)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Here we go:   MAS-BSP: Singapore & Philippines Regulators Forge Fintech Ties Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today

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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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Fintech Malaysia Report 2017

  Note: We’ve update this report, the 2018 edition of the Fintech Report can be found here In the context of conversations surrounding fintech opportunities in South East Asia, Malaysia is often overlooked in lieu of Singapore. While it is true

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Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative

Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri

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Ant Financial Worth US$75B, Considers IPO in HK Next Year, All Facts you Have to Know about Alipay

Ant Financial, Alipay’s parent company and Alibaba’s financial-services affiliate, is said to be worth US$75 billion, according to Elinor Leung, the head of telecom and Internet research at CLSA in Hong Kong. According to a Bloomberg report, Leung estimates that

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First 5 Licensed Players in Hong Kong Digital Payment Landscape

Hong Kong had granted Stored Value Facilities (SVF) Licenses to the first 5 batch of digital payment payment providers last month according to Startup Beat. This is in response to Payment Systems and Stored Value Facilities Ordinance which came into

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27 Most Valued World Fintech Unicorns, 8 From China

Business Insider Singapore, CBInsights, Funderbeam, and Crunchbase together have created the world’s fintech unicorns – fintech start-ups valued at over $1 billion.   Fintech Unicorns Worth $1 billion 27. Rong360, Chinese Financial Comparison Site Value: $1 billion | Raised: $258 million Founded: 2011 |  |

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