Mobile Payment
EMQ Expands Real-Time International Payment Capabilities Across Vietnam
EMQ, a financial settlement network, announced that it has further expanded its real-time international payment capabilities across Vietnam, leveraging National Payments Corporation of Vietnam (NAPAS) – the country’s domestic payment network. This announcement follows their recent fundraising round of US$
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Hong Kong Based Neat Raises US$4M in Series A Extension
Neat, a Hong Kong-based fintech startup, announced that it has raised a US$4 million extension to their US$11 million Series A round which closed in April 2020. The company provides an online company incorporation package and fully-digital multi-currency wallet to
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Huawei Launches Digital Payment Cloud Solution
Huawei launched a new digital payment cloud solution designed to help digital payment service operators build super app centered payment ecosystems for digital financial inclusion in emerging markets. Huawei said that it had successfully tested the new system in Myanmar
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Alipay Maintains Dominance in China Over Tencent’s WeChat Pay and QQ Wallet
A new report by iResearch Consulting Group indicates that the total size of third-party mobile payment transactions in China reduced by 4% for the first time in the first quarter of 2020 to compared to the same period last year
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In Japan, COVID-19 Puts a Brake on Merchant Cashless Payments Adoption
The COVID-19 pandemic and the resulting economic turmoil have put a brake on merchant adoption of cashless payments, according to a new report by S&P Global Market Intelligence. The Japanese government launched a cashless incentive program last year to sustain
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Jetco Rolls Out Cross-Bank Cardless Withdrawal Service in Hong Kong
Joint Electronic Teller Services Limited (JETCO) today announced the rollout of Hong Kong’s first cross-bank cardless withdrawal service. Customers of participating JETCO member banks can take out cash instantly from any JETCO automatic teller machine (ATM) that supports this service
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Stripe Opens Tokyo Office After Deepening Partnership with JCB
Stripe, the online payment infrastructure provider powering the likes Amazon, Facebook, Shopify, Zoom, Slack today announced opening of an engineering office in Tokyo, which will focus on building more features and capabilities to meet the specific needs of Japanese businesses.
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How Past Lessons in Digital Payments Can Help Banks Navigate in the New Normal
The past couple of decades have seen a complete upheaval in where we buy things and how we pay for them. New technologies have led to huge shifts in consumer behavior and expectation, while businesses have benefitted from faster and
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Ant Financial to Invest US$ 73.5m in Wave Money to Drive Financial Inclusion in Myanmar
Wave Money and Ant Financial today announced a strategic partnership to promote financial inclusion in Myanmar. Wave Money is a joint venture between Telenor Group and the Yoma Group. As part of this partnership, Ant Financial plans to invest US$73.5
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Hong Kong Based Neat Raises US$11M to Provide Digital Financial Services for SMEs
Neat, a Hong Kong-based fintech company offering modern financial solutions to SMEs and startups, today announced raising an $11 million USD Series A funding round. Pacific Century Group (PCG) led the round with participation from Visa, and MassMutual Ventures Southeast
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