Payments

Stripe Deepens Partnership With UnionPay to Tap Into China’s Consumer Market

Payment infrastructure provider Stripe has deepened its partnership with China’s UnionPay International to widen its access to the booming global Chinese consumer market. Stripe’s partnership with UnionPay International complements its existing Alipay and WeChat Pay integrations. Through a single integration,

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China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value

Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new data from the

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Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity

Nomu Pay, a Finch Capital funded company, has completed two transactions to acquire Wirecard‘s payment entities in Hong Kong and Malaysia. The firm also announced the appointment of Peter Burridge as Group Chief Executive Officer, to be based in Singapore.

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Kakao Pay Seeks to Raise US$1.4 Billion in Upcoming IPO

Kakao Pay, a fintech subsidiary of Kakao which is the South Korean firm that runs the KakaoTalk messenger app, announced that it has kicked off its initial public offering (IPO) filing, planning to raise up to 1.632 trillion won (US$1.4

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Using Payment Data to Increase E-Commerce Revenue

If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization rates and increase revenue, according to a whitepaper by payment fintech Checkout.com. The paper, titled Optimizing authorization rates with access

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Mox Card Now Allows Users to Flip Between Debit and Credit Spending

Hong Kong virtual bank Mox and Mastercard announced a smart new feature called “Flip” on the all-in-one numberless Mox Card which enables customers to flip freely between spending on their debit and credit accounts. The virtual bank had previously rolled

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Livi Bank First in Hong Kong to Roll Out Mastercard’s Tokenised Payments

Hong Kong virtual bank livi announced an expansion of its collaboration with Mastercard as it became the first bank in Hong Kong to launch Mastercard Token Connect. This is a payment innovation that integrates tokenisation technology with livi’s debit card

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WeLab Bank Now Supports Apple Pay for Safe and Secure Transactions

WeLab Bank, a homegrown virtual bank authorised by the Hong Kong Monetary Authority, has integrated the use of Apple Pay into its platform. Apple Pay is a safe, secure and private way to pay that helps customers avoid handing their

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Airwallex Launches Online Card Payment Acceptance Solution in Hong Kong

Airwallex, a cross border payment company, announced the launch of its online card payment acceptance solution in Hong Kong, allowing local merchants to accept online card payments made around the world using Visa and Mastercard. As a principal member of

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Livi Bank Hops on the BNPL Bandwagon With the Launch of Livi PayLater

livi bank, one of Hong Kong’s eight virtual banks, has introduced a new Buy Now, Pay Later (BNPL) solution with the launch of livi PayLater that offers an instant instalment service with a virtual Mastercard debit card. The livi PayLater

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