Mobile Payment
Mobile Money Transfers to Exceed 200 Billion Transactions in 2024
New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic
Read MoreAt Long Last, iPhone Users Will Soon be Able to Use Their Phones Instead of The Octopus Card
Octopus cards will soon be usable virtually via an iPhone, according to the city’s e-payments giant. With the iPhone’s Apple Pay, Octopus users would be able to use their phones to pay for travel, or other purchases, or even their
Read More
A Look into South Korea’s Booming E-Wallet Scene
South Koreans are increasingly going cashless as more people turn to e-wallets in South Korea for both online and offline purchases. Figures can attest of the rapidly growing trend with 2.12 million won (US$1,800) worth of mobile payment transactions being
Read More
Xero and Stripe Join Forces to Bring Seamless Payments to Millions of Small Businesses
Xero, the global small business platform announced a partnership with Stripe to develop new innovations that help small businesses get paid faster, in more ways, and gain more visibility over their business performance. The global partnership, announced at Xerocon San
Read More
SWIFT Responds to Bitspark’s Accusations That It Is Slowing Innovation
In his recently published e-book, George Harrap co-founder of Hong Kong based blockchain remittance startup Bitspark, pointed fingers at SWIFT for slowing innovation within the money transfer space. SWIFT reached out to Fintech News Hong Kong to respond to several
Read More
A Snapshot of Fintech in Hong Kong in 2019
Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of investments. According to Accenture, this was due to new measures
Read More
Tencent’s Fintech & Cloud Unit Generates US$ 3.1 Billion in Q1 of 2019
In their quarterly results announcement, Tencent revealed that its fintech and cloud services generated RMB21.8 billion (US$ 3.1 Billion) in the first quarter of 2019, a 44% year-on-year growth. This quarter marks the first time the Chinese internet giant is
Read MoreWeChat Pay Will Start Terminating Accounts Caught Dealing with Crypto
WeChat Pay, one of China’s most popular e-wallet providers, has just updated its payment policy to ban cryptocurrency transactions. The move was first noticed by founding partner of crypto investment firm Primitive, Dovey Wan in a tweet. Urgh, Wechat just
Read More
QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China
While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face. In Shenzhen, a local subway operator is testing several advanced technologies powered by the
Read MoreTNG Wallet Partners Visa For Prepaid Solutions in Southeast Asia
TNG Fintech Group has just teamed up with Visa to launch TNG Wallet-integrated solutions into six markets across Asia. The goal of this move is to capitalise on areas with growing digital wallet traction. They officially revealed their partnership during
Read More