Payments

Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users

Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global network to send international payments to Weixin users. Weixin, with its international version known as WeChat, facilitates one of China’s

Read More

BIS, Central Banks Complete Large Scale Cross-Border CBDC Pilot

Project mBridge, a collaboration between four central banks and the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre, has completed a successful pilot involving the use of central bank digital currencies (CBDCs) by commercial banks to conduct real-value

Read More

Airwallex Supports Lithuanian Payment Processor to Send Money to 149 Countries

Lithuanian payment processor Paysera has partnered with payments infrastructure platform Airwallex to enable its clients to send money to 149 countries and open IBAN accounts of 9 countries. Paysera is a licensed e-money institution providing payment gateways, currency conversion, payment

Read More

AlipayHK Launches BNPL Payment Option With Ant Bank PayLater

Ant Bank and AlipayHK have announced the launch of Ant Bank PayLater on AlipayHK’s e-wallet ahead of the Double 11 and Christmas shopping sprees. The buy now pay later (BNPL) service, which is currently in its trial period, allows approved

Read More

Samsung Ramps up Fintech Play

South Korean computers and electronics manufacturer Samsung is ramping up its fintech play, launching new finance products in India and South Korea, including credit cards, loans for consumer electronics purchases, and a new all-encompassing fintech app. Samsung’s digital lending program

Read More

Hong Kong’s Rapid Digital Adoption Drives Demand for Better Mobile Banking UX

Mobile banking is growing in popularity in Asia, with a new study showing the region is home to some of the world’s best banking experiences on mobile devices, such as in Hong Kong and Singapore. The study, conducted by Sia

Read More

Airwallex Extends Series E With Additional US$100 Million Funding

Cross border payments firm Airwallex announced that it recently closed its Series E2 financing round with the same US$5.5 billion valuation, bringing its total funds raised to more than US$900 million. The fintech had managed to extend its Series E

Read More

Statrys and DBS’ Payments and Collections Solution Bags The Asset Triple A Award

Statrys, a Hong Kong-based fintech providing virtual business accounts for SMEs, has been recognised together with DBS Bank as the ‘Best Payments and Collections Solution Hong Kong’ at The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management

Read More

Four Asian E-wallets Expand to South Korea Through Alipay+

Ant Group announced that Alipay+ will be integrated into Asian e-wallets AlipayHK, the Philippines’ GCash, Malaysia’s Touch ‘n Go, and Thailand’s TrueMoney in an effort to jointly promote cashless travel in South Korea as travel restrictions were lifted in the country.

Read More

HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users

The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been

Read More