Fintech News

FEBRUARY 4, 2024

Alipay+ has expanded its digital payment offerings in Singapore by integrating six additional international e-wallets, increasing the total to twelve. This initiative is part of Alipay+’s broader strategy to facilitate cross-border payments and enhance the digital payment landscape in Singapore.

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Fintech News

FEBRUARY 14, 2024

This move adds to the existing acceptance of Alipay (Chinese mainland) since 2015, and AlipayHK (Hong Kong SAR, China), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia) since 2023.

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PYMNTS

APRIL 22, 2020

The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment services, digital money transfer services and eWallet services.

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Digital Payments eWallet Payments Laws 61

PYMNTS

FEBRUARY 26, 2019

bank, has started beta testing of its PayMe System, a digital payment system for businesses. They can now accept payments from customers that use HSBC’s eWallet. In the early part of 2017, HSBC announced the new payment app, geared toward millennials in Hong Kong who also wanted social media built in.

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eWallet API Digital Payments FinTech 71

Fintech Finance

JULY 25, 2024

European merchants and partners embraced new digital payment trends with remarkable openness and agility. In Jeju, users of Alipay+ partners, including Alipay, AlipayHK, GCash, Touch ’n Go eWallet and TrueMoney, can simply use their own payment apps to pay for bus rides.

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Fintech Finance

APRIL 26, 2024

Through this expansion, we expect to provide a high-quality payment experience for both Korean users and Hong Kong merchants,” said Won-Keun Shin, CEO of Kakao Pay, South Korea. “We We have been cooperating with Alipay+ to ensure that digital payments take root around the world and will continue innovation together,” said Shin.

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Cross-Border Cross-Border Payments eWallet Digital Payments 59

The Fintech Times

MARCH 18, 2024

Ant International , the Asia-based one-stop digital payment and financial services platform for SMEs, is kicking off a global campaign to engage with fans globally in the lead-up to UEFA EURO 2024 , of which it is an official partner.

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Cross-Border Online and Mobile Banking eWallet Mobile Payments 105

PYMNTS

JUNE 13, 2019

Visa and Mastercard each made headlines in the payments infrastructure and cross-border realms, eyeing digital payments and B2B payments. As reported earlier in the week, Visa launched B2B Connect , a network focused on enabling financial institutions (FIs) to help their clients make B2B payments across borders.

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PYMNTS

SEPTEMBER 3, 2020

Antony Cahill , managing director for Visa's European operation, said that proved that digital transactions have become a necessity rather than just another option. Together we are enabling issuing banks to offer smarter and simplified digital payment services to their customers in Europe and beyond.

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Mobile Payments eWallet Online and Mobile Banking Best Practices 55

PYMNTS

JULY 9, 2019

“AlipayHK expects that mobile payment services are geared to extensive and in-depth applications and development through the latest cooperation with McDonald’s Hong Kong,” she noted. Currently, Alipay customers can use the eWallets to make payments in nearly 10,000 restaurants.”.

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Digital Payments Payments eWallet Mobile Payments 71

Fintech Finance

AUGUST 21, 2024

As Chinese inbound tourism gains momentum with the extension of its visa-free policy to more countries and the recovery of international flights, Alipay , the leading digital payment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China.

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PYMNTS

JANUARY 21, 2021

TNG Digital’s electronic wallet — Touch ‘n Go — is Malaysia's biggest digital wallet, with over 15 million registered users. Although the worldwide COVID-19 pandemic escalated demand for digital payments, Malaysia is among the more competitive locales, with almost 50 operators.

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PYMNTS

JANUARY 1, 2020

percent fee for some eWallet transactions, the sources said, which would end up costing smaller merchants more than they currently pay. Currently, eWallet companies currently don’t have to share any portion of the transaction fees with lenders. This will hurt all of us,” an executive at an Indonesian eWallet firm told Reuters.

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eWallet Online and Mobile Banking Transactions Payments 52

The Fintech Times

SEPTEMBER 24, 2024

M-Money’s impact has drawn comparisons to Kenya’s M-Pesa and the Philippines’ GCash, earning it recognition as the ‘Fastest Growing Mobile eWallet 2023’ by International Finance Magazine and a bronze award for Digital Inclusivity at the ASEAN Digital Ministers Meeting earlier this year.

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Fintech Finance

DECEMBER 14, 2023

Travelers are also rewarded for using more digital payments instead of cash, choosing public transportations over cars, travelling with own toothbrushes instead of using disposable ones, as well as visiting more diverse local destinations to support communities’ economies and preserving local cultures.

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PYMNTS

SEPTEMBER 24, 2020

In Malaysia, for example, the government has set aside the equivalent of $108 million USD to spur small businesses and retailers to accept digital payments — and gave millions of individuals one-off incentives to spend via digital wallets.

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PYMNTS

APRIL 11, 2019

AlipayHK said it has partnered with many different merchants and restaurants to give customers digital coupons. “It It is an unrivaled convenience and unparalleled experience for AlipayHK customers to use the eWallets integrated in McDonald’s App for placing orders,” the company said.

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eWallet Mobile Payments Payments Credit Cards 74

PYMNTS

MARCH 2, 2020

Lloyd’s of London , the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

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PYMNTS

SEPTEMBER 8, 2020

Digital payments platform Payoneer is working to expand its services globally with the launch of its new Payoneer for Banks, which will aim to let more financial institutions aid businesses with cross-border payments, according to a Tuesday (Sept. 8) press release.

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Cross-Border Payments Cross-Border Payment APIs and Integration eWallet 85

PYMNTS

FEBRUARY 18, 2020

In other Malaysian eCommerce news, the GrabPay eWallet has been chosen to take part in the e-Tunai Rakyat initiative that will roll out in mid-January, in an effort to push the digital economy forward in the country. BizApp has more than 200,000 agents who gross more than 600 million ringgit in merchandise volume.

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PYMNTS

DECEMBER 19, 2019

He added, too, that merchants seeking entrance into Russia must localize their websites, and they should strive to capture all payment methods — not just cards, especially as 25 to 30 percent of payments are conducted through local eWallets.

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Digital Payments Cross-Border Cross-Border Settlement Online and Mobile Banking 52

Fintech Finance

OCTOBER 21, 2024

Ant International has already provided Alipay+ wallet partners in Asia, including AlipayHK (Hong Kong SAR, China), Dana (Indonesia), Livin’ by Mandiri (Indonesia), Touch ’n Go eWallet (Malaysia), and GCash (The Philippines), with the infrastructure to leverage the Alipay+ Mini Program solution.

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PYMNTS

JANUARY 23, 2020

Micro-mobility giant Helbiz announced a partnership with mobile payments platform Alipay , which will allow customers a wider breadth of access to Helbiz’s eScooters, eBikes and other devices for easy riding through Italy. About 20 percent of payments are projected to be made with eWallets by next year.

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Mobile Payments eWallet Payments Payment Solutions 53

PYMNTS

SEPTEMBER 29, 2020

Also, in line with new digital developments, Mastercard has expanded its Digital-First Card Program to add new guidelines to help ensure secure transactions with instant access to card information.

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PYMNTS

MARCH 21, 2019

Go-Pay, the digital payment unit of Southeast Asian ride-hailing company Go-Jek , plans to strengthen its position in the digital payments market as growth in Indonesia explodes. He noted that Go-Pay is the leader in Indonesia in the eWallet industry currently. State-owned enterprises have also entered the fray.

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eWallet Payments Digital Payments Consulting 49

Fintech Finance

NOVEMBER 6, 2024

Users of participating payment partners, including Alipay, AlipayHK, GCash, Kakao Pay , Toss Pay, Touch ‘n Go eWallet, and TrueMoney, will be offered an exclusive 10% discount (up to a maximum of JPY 1,000, CNY 50). Tinaba will also provide a 10% cashback promotion (up to a maximum of EUR 20).

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Cross-Border SARS eWallet Payments 97

PYMNTS

JUNE 11, 2019

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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PYMNTS

NOVEMBER 26, 2019

The 20,000-thousand-mile view of all the eWallets is that they are trying to be the force that displaces cash in the marketplace,” Prideaux said. But that was just their foot in the commerce door, he noted – both services quickly expanded their digital payment method beyond the confines of the digital world.

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PYMNTS

OCTOBER 18, 2020

Paytm users will face new 2 percent fees for using the credit card attached to their eWallets, a report from Business Today says. Before now, users had to pay the 2 percent fee only if they loaded over Rs 10,000 on their eWallets from a credit card every month.

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Credit Cards eWallet Debit Card Payment Networks 67

PYMNTS

OCTOBER 19, 2020

GPS's technology helps brands by allowing them to provide customized experiences put squarely in the cardholders' hands, the release says, having previously supported FinTechs, digital banks, and eWallets on their various journeys. Last year, GPS partnered with the U.K.

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Fintech Finance

JUNE 24, 2024

Alipay+ has now enabled over 400,000 merchants in Europe, with over 120,000 in the DACH region alone.

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PYMNTS

OCTOBER 1, 2019

. “As financial services become increasingly digitized and global, Rapyd’s FinTech-as-a-service approach has tremendous growth potential,” said Tricia Kemp, co-founder and managing partner at Oak HC/FT. Fund disbursements include push-to-card and local eWallet options.

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eWallet FinTech Payment APIs and Integration Push-to-Card 62

PYMNTS

OCTOBER 24, 2018

The companies noted that by issuing Mastercard prepaid cards, Grab’s mobile payments platform, GrabPay , will become the first eWallet from Southeast Asia that is accepted around the world. This partnership goes beyond Grab issuing prepaid cards, and is a game-changer for Southeast Asia.

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PYMNTS

NOVEMBER 30, 2020

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary Authority of Singapore (MAS), the country’s central bank, on Monday (Nov. PayNow and FAST enable people to move funds between banks and digital wallets. More than 12.5

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The Fintech Times

JULY 27, 2024

European merchants and partners embraced new digital payment trends with remarkable openness and agility. In Jeju, users of Alipay+ partners, including Alipay, AlipayHK, GCash, Touch ’n Go eWallet and TrueMoney, can simply use their own payment apps to pay for bus rides.

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Tax Refunds eWallet Cross-Border SARS 59

PYMNTS

MARCH 11, 2020

A Wirecard consumer survey indicated that more than 90 percent of Southeast Asian shoppers have purchased goods online and in-store using some type of digital payment. On average, people worldwide choose to pay digitally with an electronic wallet (eWallet) about 25 percent of the time. It was founded in 2012.

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eWallet Digital Payments Facilitators Transactions 52

PYMNTS

NOVEMBER 5, 2019

“Payment ubiquity, in this context, is the desire of institutional clients to say, ‘We don’t want our customers to change the way they pay just because it suits us, without taking into consideration what works for them,’” he explained.

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