APAC

Digital Payments on the Upward Trend in Emerging Asia and CEMEA

Non-cash payments are recording a rapid growth, owing largely to developing markets. However, innovation if challenged by regulatory and technical complexities, according to a the World Payments Report 2018 by Capgemini and BNP Paribas. Non-cash payments reported a compound annual growth rate (CAGR) of 10.1 in 2015-16.

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Thieves Are Using Apple IDs to Steal Money, Chinese Payment Firms Say

China’s two largest digital payments services, Alipay and WeChat Pay, have warned that thieves are using compromised Apple IDs to make purchases with people’s accounts. Alipay posted a warning offering security tips about Apple phones, which said that it had contacted Apple many times with hope of solving the issue, according .

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Online Payments Still a Challenge for Southeast Asia’s Tech Players

Willingness to adopt mobile payments and lack of dominant providers in Southeast Asia are among the biggest challenges for technology start-ups hoping to expand in the region, according to a panel of entrepreneurs….

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Mobile Wallet Adoption: Asia Outpacing West as Crypto Rises

Mobile wallet adoption in Asian markets like China, India and Taiwan is much higher than in the US, the UK and Germany, finds GlobalData. According to a new survey published by the company, increasing popularity of smart devices has enabled rapid adoption of mobile wallets in the region, and they are now gradually replacing cash […]

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In Singapore, Cross-Border Mobile Payments Via…Via 

Cross-border payments continue to make inroads in Asia, rendered through mobile means. To that end, the largest telecommunications carrier in Singapore, Singtel, said this past week that it launched Via, billed as the first cross-border payment alliance in the region.

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Mobile Payments Surge Among Chinese Travelers: Alipay

Popular overseas destinations for Chinese consumers saw mobile payments surge during the week-long Chinese public holiday between October 1 and 7, according to Alibaba’s mobile payment arm Alipay.

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A Definitive Guide to Southeast Asia’s Payments Scene in 2018

In fintech’s genesis across Asia, it seemed like all of the new developments were focused on streamlining payments without coincidence, around the time that e-commerce experienced its boom too.

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Digital Wallets to Boost Financial Inclusion in the Philippines

Digital wallets come in various digital forms and sizes, differing from each other in features. Features can be in the form of technologies used, payment method allowed, specialty cards added, and device compatibility. The potential of the digital wallet in addressing financial inclusion is there.

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Why China’s Golden Week Is a Golden Opportunity for Mobile Payments

This week in China is the second biggest annual holiday – Golden Week. For the uninitiated – think Easter, with the airports jammed with travellers going abroad, but with the difference being that nearly all are high net worth millennials, with shopping for high quality goods uppermost on their minds.

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SingTel Unveils Cross-border Mobile Payments System

SingTel has launched a cross-border QR code-based mobile payments service that lets people use their phones for purchases in its home market of Singapore and Thailand.

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Banks Embrace Blockchain to Remain Relevant

Global banks such as HSBC and Mitsubishi UFJ Financial Group along with local players like Japan’s Resona Holding sand Bank of Ayudhya in Thailand are embracing blockchain technology to offer lower-cost services as financial technology companies threaten their dominance.

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Cost Is Key to SWIFT’s Instant Cross-border Payment Success

SWIFT has announced plans to test a cross-border instant payment system in Asia Pacific. With the region becoming more integrated in terms of business and particularly e-commerce, a cross-border instant payment system will be an attractive service among SMEs. Still, at the end of the day, it all comes down to cost.

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