Regional

Amsterdam Schiphol Is First in Europe in WEChat Pay Smart Airport Programme

Passengers at Amsterdam Airport Schiphol (AMS) are being introduced to a new shopping ecosystem courtesy of Chinese mobile payment platform WeChat Pay. In a European airport first, travellers including Chinese can benefit from three services: WeChat Official Account, WeChat Mini Program and WeChat Pay instore.

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Samsung Pay Surpasses 14 Million Subscribers in South Korea

Samsungs mobile payment service, Samsung Pay, hashit 40 trillion won ( 33.65 billion) in accumulated transaction volume in South Korea. The number of subscribers has also surpassed the 14 million mark as of April 2019, the company said. Launched in August 2015, Samsung Pay hadlogged transactions worth 2 trillion won ( 1.

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Vietnam Tops Global Growth for Mobile Payments

Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC. Singapore also saw strong growth, climbing 12 percentage points from 34 in 2018 to 46 in 2019.

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Singapore’s Mobile Payments Growth Hits 46% in 2019

It lags behind Vietnam in terms of growth rate. Mobile payments in Singapore climbed 12 ppt from 34 in 2018 to 46 in 2019, making the nation the fifth fastest in terms of mobile payments growth in Southeast Asia, according to a research by PwC. This is said to signify a payoff in the efforts […]

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Asia Driving Global Mobile Payments, With Eight in Top 10 Markets

Vietnam is the fastest-growing global market in mobile payments, clocking a 24 percent climb from last year, with 61 percent of its consumers tapping such services. Across the globe, China leads the pack with 86 percent of its population tapping mobile payments, followed by Thailand at 67 percent.

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Paytm Money Receives Sebi Approval to Start Stock Broking Services

The Securities and Exchange Board of India (Sebi) has given approval to Paytm Money the investment and wealth management platform of the mobile payments company to start offering broking services. According to reports, it had applied for the licence in October last year.

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Pakistan Introducing Regulations, Licensing Scheme for Crypto Firms

Pakistan is putting in place regulations for the cryptocurrency industry. The Express Tribune, citing finance ministrysources, Monday that the nations federal government has decided to bring in Electronic Money Institutions (EMIs) regulationsfollowing recommendations from the Financial Action Task Force (FATF).

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Tencent Is Said to Plan Asia’s Biggest Dollar Bond This Year by Bloomberg

Bloomberg. A sticker featuring the logo of Tencent Holdings Ltd. is seen during a news conference in Hong Kong, China, on Thursday, March 21, 2019. Tencent posted a quarterly profit that missed analysts estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. (Bloomberg) — Tencent Holdings Ltd.

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The Prepaid Business Adopts a Sanguine Approach as the CFPB’s Big Rule Finally Takes Effect

A day long dreaded by the U.S. payments industry came and went on Monday with little fanfare and not much more gnashing of teeth.

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Probe Into Wirecard Deal With Chennai Firm Likely

The purchase took place just weeks after the company had been sold for 40 million, the filings said. Mumbai: The deal involving acquisition of a Chennai-based based payment processing company by German firm Wirecard may come under the scrutiny of Indian tax authorities.

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E-commerce Rivalry Intensifies

Online marketplaces backed by Chinese behemoths are vying for Thai shoppers. Thai e-commerce is expected to grow to US13 billion by 2025 from 3 billion in 2018. (Photo by Varuth Hirunyatheb) Competition is ramping up in Thailand’s nascent e-commerce industry, with larger players fighting to attract lucrative brand deals and local partnerships.

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QR Code Payment Specs in Japan Could Be Unified by Summer

The Yomiuri ShimbunStandardized specifications for QR codes used in cashless payments could be put into practice as early as this summer.

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