Regional

Who Is Winning in the Battle for E-Wallet Domination in Southeast Asia? – NextUnicorn

With a rapidly increasing population of 600 million smartphone savvy users, Southeast Asia has been the hotbed for e-wallet startups that looks to change the society way in payment. While we have all seen how you can pay for street food in Beijing with a quick scan of the QR code via WeChat Pay or […]

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ECB’s Cœuré Touts Faster Payments to Promote Financial Inclusion

Boosting financial inclusion in developing markets will require work to broaden access to payment services, possibly through the creation of infrastructure modelled on Europe’s new Target Instant Payment Settlement (Tips) and, in the longer term, the introduction of central bank digital currencies (CBDCs), says ECB executive board member Benoît Cœu.

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Ecosystem Must Evolve to Make Euro Instant Payments a Success

Real-time euro payments are already here – but there’s wider work to do to serve corporate needs, says Thomas Egner, secretary general, Euro Banking Association. Speed, as any racing driver will tell you, is not necessarily synonymous with success. A racing car, for example, is a masterpiece of technology.

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Weekly Focus APAC: China to Overtake U.S. In Retail Sales

In this edition of Weekly Focus APAC: China to Overtake U.S. in Retail Sales; Chinese Bring Out Mobile to Pay When Overseas; Traditional Banks Must Collaborate as More AU Consumers Tap Digital Payments; Grab ZhongAn Form JV in Digital Insurance; and Argentinian Retail Agency Eyes Asia Expansion with Pixelsior. China to Overtake U.S.

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Mobile Payments Is a Big Market – And It’s About to Get Much Bigger

In recent years, mobile payment has become a key method of online shopping and other forms of eCommerce. With more members of Generation Z, who grew up in a world where smartphones were not an innovation, but a reality, this segment of the financial space is expected to grow tremendously in coming years.

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Banks Cull ATMs as More Customers Ditch Cash

Banks removed hundreds of ATMs in the latest year, as the industry responded to a scrapping of withdrawal fees and consumers further cut their use of cash.

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KBC Is First Bank in Ireland to Allow Users to View Other Banks’ Balances

Is multi-banking the next step on the road to the multi-pass future? KBC customers who hold an AIB or Bank of Ireland current account can now view their balance in the KBC app.

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Innovate Your Business Model: Fulfilling a Societal Need for Financial Inclusion – Africa.com

Leadership lessons from Africa’s trailblazers By Mutsa Chironga, Georges Desvaux, and Acha Leke James Mwangi, CEO of Kenya-based Equity Bank, built the company with one core purpose in mind: to solve the social problem of lack of access to financial services.

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WeChat: Harnessing the Power of China’s ‘Super App’

Written by Emma Glazier, Head of Social at Crowd China currently has a population of 1.37 billion people, who spent 91.8 of all time spent online on social media. This significant number is largely due to a social networking app in China, sometimes called the app of everything WeChat.

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Mexican Neobank Albo Raises $7.4 Million

Mexican neobank Albo has raised $7.4 million in Series A funding as it moves to exploit new rules aimed at regulating the fintech sector and using digital banking services to boost financial inclusion.

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API Exchange Debuts in Hong Kong

Hong Kong has announced its first API exchange, which features more than 200 APIs on offer from 13 banks, geared toward cross-border payments. As noted on sites such as Entrepreneur, Joint Electronic Teller Services said on Wednesday that the JETCO APIX Exchange had launched.

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Mashreq Bank Continues to Take the Digital Lead in the Gulf

Spearheaded by the UAE, the Gulf region is gradually transitioning into a cashless society. In line with this shift, we are seeing more and more fintech start-ups disrupting the payments and financial landscape. As bankers, we welcome the innovation.

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