Mobile Payments
Overview of Vietnam’s Major E-Wallet and Mobile Payment Players
In Vietnam, digital and mobile payment is undeniably the most developed and crowded fintech segment. According to the State Bank of Vietnam (SBV)’s recently updated list, there are currently 30 licensed non-bank payment intermediary intermediary services in the country with
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Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment
Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation
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SWIFT Sees Success on Global Trial for “gpi Instant” with Singapore’s FAST
SWIFT today announces the results of a global trial to integrate SWIFT gpi Instant, the co-operative’s cross-border instant payments service, into Singapore’s domestic instant payment service, Fast And Secure Transfers (FAST). The successful trial which involved 17 banks across seven
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Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months
The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four
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Visa to Invest in GOJEK and Collaborate on Digital Payments Across Southeast Asia
Visa, has invested in GOJEK, as part of the latter’s ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With
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E-Wallet Use Overtakes Credit Cards in Philippines, According to Central Bank
Philippines’ central bank reported that e-wallet penetration is growing faster in the Philippines and has surpassed credit card numbers. Bangko Sentral ng Pilipinas (BSP) released this information in a financial inclusion dashboard, which states that e-money accounts rose by 22%
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Go-Jek Has Brought in Rival E-Wallet LinkAja Into its Ecosystem
Go-Jek announced that it will integrate its rival e-wallet, LinkAja by the end of this year, which means that it will operate alongside Go-Pay within its extended ecosystem. Go-Pay is an extension of Go-Jek and often, seen as a rival
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Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities
OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to
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Grab’s New Investor Could Be The Missing Piece To Help it Reach Underbanked Asian Markets
Experian, a globally-known information services company, has invested into Grab and is now another notch into the ride-hailing platform’s quest to US$6.5 billion in an ongoing Series H by the end of 2019. Experian’s investment value has not been disclosed.
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Red Dot Payment Acquired By Dutch Company and Now Valued at US$65 Mil
Fintech and payments organisation PayU just acquired majority stake in Red Dot Payment (RDP), a Southeast Asia focused online payment solutions provider. Now, the Netherlands-based PayU will utilise the purchase to expand into Southeast Asia in a bid to participate in
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