Mobile Payment

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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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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