Tag "Tencent"
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 Fintech Vietnam News from October 2017
Fintech Vietnam Meetup is back with the October 2017 newsletter with all you need to know about Fintech in Vietnam. Last edition, we shared the news of how foreign competitors like Samsung and Alipay are entering the e-payments market. Now with Tencent also seemingly in the fray,
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Chaos Among Chinese School Students Taking Out Unregulated Loans
While China’s Banking Regulatory Commission (CBRC) doesn’t allow banks to issue credit cards to college students below 18, they tend to find alternative methods of paying their studying loans, like “naked” loans through P2P lending platforms. There have even been
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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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Leader in Global Fintech Investments: China
Asia-Pacific nearly doubles 2015 fintech financing in first half of 2016 reaching almost $10 billion; growth driven by China Investments in Asia-Pacific financial technology (fintech) ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the
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China, A Frontrunner In The Fintech Race
China’s open and supportive regulatory environment, highly developed Internet and e-commerce sector, and growing demand for alternative finance solutions, have allowed the country’s fintech industry to flourish in the last few years. Today, China stands as a frontrunner in Internet finance. By the
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Chinese Internet Giants Alibaba, Baidu, Tencent, Lead Fintech Revolution
Disruptive innovation in banking and payments is overwhelmingly coming from China. Established global banks had better watch out or they may soon not have a future, according to Haydn Shaughnessy, co-founder of The Disruption House and author of Platform Disruptive
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