PYMNTS

JANUARY 19, 2020

The government is hoping to up the number of digital payment users to 15 million people. We want to double that to 15 million, if possible 16 million, so that nearly every Malaysian above 18 years will be on digital payment,” finance minister Lim Guan Eng said. Digital payments are expected to surge by 10.8

eWallet 59

eWallet Online and Mobile Banking Digital Payments Government 59

PYMNTS

NOVEMBER 27, 2019

The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make money is by acting as a sort of portal into other services, otherwise it’s “just a cash-burning exercise,” according to reports.

eWallet 56

eWallet Digital Payments Checks Payment Solutions 56

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.

SARS 69

SARS Cross-Border eWallet Cross-Border Payments 69

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.

Cross-Border 96

Cross-Border Tax Refunds eWallet SARS 96

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.

Cross-Border Payments 109

Cross-Border Payments SARS eWallet Cross-Border 109

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.

Digital Payments 61

Digital Payments eWallet Payments Laws 61

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.

SARS 98

SARS Debit Card Mobile Payments eWallet 98

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.

SARS 110

SARS Cross-Border Payments eWallet Cross-Border 110

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.

eWallet 56

eWallet Central Bank On-Demand Governance 56

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.

Mobile Payments 55

Mobile Payments eWallet Online and Mobile Banking Best Practices 55

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).

Cross-Border 93

Cross-Border SARS eWallet Payments 93

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.

eWallet 52

eWallet Online and Mobile Banking Transactions Payments 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.

Mobile Payments 91

Mobile Payments FinTech Cross-Border Payments SARS 91

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.

Tax Refunds 59

Tax Refunds eWallet Cross-Border SARS 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.

Cross-Border 105

Cross-Border Online and Mobile Banking eWallet Mobile Payments 105

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.

Digital Payments 52

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

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.

eWallet 56

eWallet Volume Economy Digital Payments 56

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.

eWallet 71

eWallet API Digital Payments FinTech 71

PYMNTS

AUGUST 14, 2020

Therefore, we shouldn’t replace the last-mile access that banks and eWallets provide, but rather partner with them. And when the banks and eWallets approached us two years ago and asked if we can provide them with a SWIFT alternative solution, we immediately said ‘yes’ and started working on a solution.”.

Cross-Border 132

Cross-Border FinTech Cross-Border Payments eWallet 132

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.

Mobile Payments 53

Mobile Payments eWallet Payments Payment Solutions 53

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.

eWallet 49

eWallet Payments Digital Payments Consulting 49

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.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

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.”.

Digital Payments 71

Digital Payments Payments eWallet Mobile Payments 71

The Fintech Times

DECEMBER 16, 2023

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). The initiative offers a range of incentives, in collaboration with global partners, to users of five prominent e-wallets across Asia.

Cross-Border 69

Cross-Border SARS Cross-Border Payments eWallet 69

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.

Treasury 71

Treasury Bitcoin Addressing eWallet 71

The Fintech Times

APRIL 29, 2024

The partnership aims to enhance the travel experience for international visitors exploring the island destination of Jeju by providing convenient digital payment services and exclusive offers and contributing to boosting the local economy.

SARS 72

SARS Online and Mobile Banking eWallet Mobile Payments 72

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.

Cash Management 42

Cash Management Treasury Management Digital Payments eWallet 42

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.

eWallet 60

eWallet Interoperability Push-to-Card Mobile Payments 60

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.

Cross-Border Payments 85

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

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.

Credit Cards 67

Credit Cards eWallet Debit Card Payment Networks 67

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.

eWallet 74

eWallet Mobile Payments Payments Credit Cards 74

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.

eWallet 52

eWallet Digital Payments Facilitators Transactions 52

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.

eWallet 61

eWallet Contactless Payments Stop Payment Digital Payments 61

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.

Process 69

Process eWallet APACS Processors 69

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.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

OCTOBER 14, 2020

Now that our license is approved, we can provide a broader range of services in the payment market and reach more customers,” a company spokesperson told Tech in Asia. The company aims to better compete with VNG, the parent firm of eWallet player ZaloPay. . Vietnam’s digital payment market is forecasted to hit $8.6

Point-of-Sale (POS) 52

Point-of-Sale (POS) eWallet Payment Gateways Payments 52

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.

Visa 50

Visa eWallet Online and Mobile Banking Debit Card 50