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eWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors

PYMNTS

Rising eWallet star MoMo is on a roll when it comes to bringing new investors on board. The eWallet firm, Vietnam’s largest, has pulled in $100 million from a group of six investors co-led by Warburg Pincus and Goodwater Capital, Reuters reported on Wednesday (Jan.

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NXT-ID And FitPay Are Making eWallets A True Wallet Replacement

PYMNTS

Startups FitPay and NXT-ID are working to take eWallets to the next level. Existing smartphone-based eWallets may have achieved the ultimate convenience, compressing bulky physical wallets into a nice, tidy digital space and enabling consumers to carry just one item when they leave the house.

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What is NFC Mobile Payment and How to Use It?

Payment Savvy

NFC chips which make wireless communication possible, are used in contactless cards, mobile devices, checkout terminals, and other payment devices. Many well-known brands already use NFC-based contactless payments, including Apple Pay, Google Pay, and Samsung Pay. How to Accept NFC Mobile Payments? Google Pay.

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Vietnam’s mPOS And Vimo To Combine Into NextPay

PYMNTS

VinID Joint Stock Company, which is 80 percent owned by Vingroup, recently acquired ewallet company MonPay. NextPay’s main focus is on offline payments. Vietnam is particularly suited for the proliferation of contactless payment and other digital payment startups, as about 70 percent of the population uses smartphones.

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In Germany, Cold Hard Cash Still the Way to Pay

PYMNTS

As detailed by NPR, though at least some verticals, such as grocery stores, accept card transactions (and thus see at some volume of contactless payments), a significant number of smaller businesses rely on cash to keep revenues coming in.

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Razer Fintech, Visa Pitch New Prepaid Card To Young Adults In Singapore

PYMNTS

The Razer Card will also feature contactless payment technology, allowing cardholders to tap to pay for their day-to-day activities such as taking public transportation on buses and trains, buying movie tickets at the cinemas and purchasing a meal at quick-service restaurants.”.

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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

eWallet Startup MoMo Lands $100 Million from Warburg Pincus, Other Investors. Financial technology has become a quickly expanding vertical in the country of almost 100 million, with the COVID-19 health crisis having moved shopping activity online and left consumers seeking contactless payment choices.