Tag "mobile payments"
How Payment Trends Are Set to Evolve Across Asia in 2023
The way we pay for goods and services is constantly evolving, and the payment trends in Asia are only accelerating in 2023 as digital innovations are increasingly harnessed to offer ease and convenience to consumers in a competitive retail environment.
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DBS’ Report: Asia at the Forefront of the Digital Currency, Payments Revolution
Asia is the largest market for digital payments and will maintain its leading position with an estimated 16% compounded annual growth (CAGR) rate through the first half of this decade, according to a new report by Singapore’s DBS Bank. In
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Vietnam’s Mobile Payments Landscape Sees Strong Developments
Vietnam’s mobile payments landscape has continued to evolve on the back of strong growth and expansion coming from industry players, investment deals, and efforts by the government to establish a favorable environment for the industry to thrive. Vietnamese retailer Saigon
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Latest Laos Mobile Payments Partnership with to Target Chinese Tourist
Banque Pour Le Commerce Exterieur Lao Public (BCEL), one of the biggest state-owned commercial banks in Laos, has partnered with Hong Kong mobile payments services provider Wallyt to allow Lao merchants to accept mobile payments through WeChat Pay and Alipay.
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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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NETS Enables Over 500 Singaporean Hawkers to Accept Cashless Payments
22 coffee shops, 10 hawker centers and 12 industrial canteens have adopted a unified digital payment solution provided by NETS, Enterprise Singapore said on June 29. The solution combines in one point-of-sales terminal and a single SGQR label a total
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Can LinePay Become Japan’s WeChat Pay?
Line Corp., the Japanese mobile applications and Internet firm operating Japan’s most popular messaging app Line, has invested US$182 million into its digital payments unit Line Pay Corp, according to a filing. The move follows a challenging year 2018, which
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Bankers, Fintech Experts Gather in Vietnam to Discuss the Future of Banking
Earlier this month, bankers and fintech experts gathered in Vietnam to discuss the future of banking, the evolving payments landscape, and digitalization in the financial industry. Representatives of Deloitte, Asia Commercial Bank, Saigon Commercial Bank, Oracle, Fintechnews.sg and BankClub took
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Vietnamese Banks Ramp up Fintech Development
Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and
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Thailand Accelerates Mobile Payments Adoption
Like its ASEAN counterparts, Thailand is pushing for greater of adoption of mobile payments with industry participants, including government agencies, financial institutions and fintech companies, all actively working towards increasing awareness and accelerating adoption. Payments is the largest fintech segment
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