Mobile Payment
Digital Wallets to Become Preferred Payment Method in Hong Kong by 2023
In Asia-Pacific (APAC), digital wallets are gradually booming in popularity. By 2023, these apps and digital platforms are expected to become the preferred payment method for consumers in Hong Kong and India, a new whitepaper by payment solution provider HPS
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Digital Payment Startup Statrys Raises US$5 Million in Closed-Door Funding Round
Statrys, a Hong Kong-based digital payment services platform, has raised US$5 million in a closed-door funding round with an angel investor in the region. Statrys is a payments solution alternative geared towards SMEs, startups, and entrepreneurs who require flexible banking
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Rapyd Expands Payment Capabilities to South Korea
Rapyd, a Fintech-as-a-Service company, has expanded its all-in-one payment capabilities in South Korea, its sixth global market. The expansion of the Rapyd Global Payments Network first took place in Singapore in November 2019, followed by Brazil in March 2020, the
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American Express Launched its First Prepaid Card in Hong Kong with 33 Finance
Hong Kong-based 33 Finance, which provides international prepaid card issuance services, has partnered with American Express to launch the 33 Finance American Express® Prepaid Card in Hong Kong. As American Express’ first prepaid card in Hong Kong, the product is
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Hong Kong’s Neat Ties up With Sequoia-Backed Snowflake for Enhanced Data Insights
Neat, a Hong Kong-based financial technology startup, announced its partnership with Snowflake, a cloud data platform. Under the new partnership, Neat will utilise Snowflake’s cloud data platform to integrate their data into a single source for data harmonisation, enabling business teams
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EMQ Expands Real-Time International Payment Capabilities Across Vietnam
EMQ, a financial settlement network, announced that it has further expanded its real-time international payment capabilities across Vietnam, leveraging National Payments Corporation of Vietnam (NAPAS) – the country’s domestic payment network. This announcement follows their recent fundraising round of US$
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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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