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Wirecard Enables European Merchants to Integrate with WeChat Minutes
Wirecard, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in...
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Hong Kong Based Neat Raises US$11M to Provide Digital Financial Services for...
Neat, a Hong Kong-based fintech company offering modern financial solutions to SMEs and startups, today announced raising an $11 million USD Series A funding round. Pacific Century Group (PCG) led the...
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Ant Financial to Invest US$ 73.5m in Wave Money to Drive Financial Inclusion...
Wave Money and Ant Financial today announced a strategic partnership to promote financial inclusion in Myanmar. Wave Money is a joint venture between Telenor Group and the Yoma Group. As part of this...
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How Past Lessons in Digital Payments Can Help Banks Navigate in the New Normal
The past couple of decades have seen a complete upheaval in where we buy things and how we pay for them. New technologies have led to huge shifts in consumer behavior and expectation, while businesses...
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Stripe Opens Tokyo Office After Deepening Partnership with JCB
Stripe, the online payment infrastructure provider powering the likes Amazon, Facebook, Shopify, Zoom, Slack today announced opening of an engineering office in Tokyo, which will focus on building more...
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Jetco Rolls Out Cross-Bank Cardless Withdrawal Service in Hong Kong
Joint Electronic Teller Services Limited (JETCO) today announced the rollout of Hong Kong’s first cross-bank cardless withdrawal service. Customers of participating JETCO member banks can take out cash...
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In Japan, COVID-19 Puts a Brake on Merchant Cashless Payments Adoption
The COVID-19 pandemic and the resulting economic turmoil have put a brake on merchant adoption of cashless payments, according to a new report by S&P Global Market Intelligence. The Japanese...
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Alipay Maintains Dominance in China Over Tencent’s WeChat Pay and QQ Wallet
A new report by iResearch Consulting Group indicates that the total size of third-party mobile payment transactions in China reduced by 4% for the first time in the first quarter of 2020 to compared to...
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Huawei Launches Digital Payment Cloud Solution
Huawei launched a new digital payment cloud solution designed to help digital payment service operators build super app centered payment ecosystems for digital financial inclusion in emerging markets....
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Hong Kong Based Neat Raises US$4M in Series A Extension
Neat, a Hong Kong-based fintech startup, announced that it has raised a US$4 million extension to their US$11 million Series A round which closed in April 2020. The company provides an online company...
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EMQ Expands Real-Time International Payment Capabilities Across Vietnam
EMQ, a financial settlement network, announced that it has further expanded its real-time international payment capabilities across Vietnam, leveraging National Payments Corporation of Vietnam (NAPAS)...
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Hong Kong’s Neat Ties up With Sequoia-Backed Snowflake for Enhanced Data...
Neat, a Hong Kong-based financial technology startup, announced its partnership with Snowflake, a cloud data platform. Under the new partnership, Neat will utilise Snowflake’s cloud data platform to...
View ArticleAmerican Express Launched its First Prepaid Card in Hong Kong with 33 Finance
Hong Kong-based 33 Finance, which provides international prepaid card issuance services, has partnered with American Express to launch the 33 Finance American Express® Prepaid Card in Hong Kong. As...
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Rapyd Expands Payment Capabilities to South Korea
Rapyd, a Fintech-as-a-Service company, has expanded its all-in-one payment capabilities in South Korea, its sixth global market. The expansion of the Rapyd Global Payments Network first took place in...
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Digital Payment Startup Statrys Raises US$5 Million in Closed-Door Funding Round
Statrys, a Hong Kong-based digital payment services platform, has raised US$5 million in a closed-door funding round with an angel investor in the region. Statrys is a payments solution alternative...
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Digital Wallets to Become Preferred Payment Method in Hong Kong by 2023
In Asia-Pacific (APAC), digital wallets are gradually booming in popularity. By 2023, these apps and digital platforms are expected to become the preferred payment method for consumers in Hong Kong and...
View ArticleHKMA Calls for Improved Mobile Payment Security, Deadline Set for May 31
The Hong Kong Monetary Authority (HKMA) has issued new requirements for authorised institutions (AIs) to enhance security controls when binding payment cards to contactless mobile payment services,...
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The Opportunities and Challenges Facing E-Wallets in Hong Kong
Since their inception in 2016, Stored Value Facilities (SVFs) have rapidly expanded, with the market now served by an intriguing mix of thirteen non-bank licensees, plus four traditional banks that...
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Ant Group Partners with Huawei to Develop Alipay App on HarmonyOS Platform
Ant Group, the fintech affiliate of Alibaba Group Holding, and Shenzhen-based Huawei Technologies are embarking on a collaborative venture to develop a dedicated version of Ant’s flagship mobile...
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China’s Ant Group Increases Transaction Limits for Overseas Travelers
Ant Group, in response to new policies by the People’s Bank of China (PBOC) aimed at facilitating international visits, has announced an increase in transaction limits for international travelers using...
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