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According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digitalpayments. Singapores Fluid DigitalPayment Landscape Singapores digital wallet scene presents an interesting mix.
The digital revolution in Southeast Asia (SEA) is transforming consumer behaviour, with the region’s digital economy projected to hit US$1 trillion by 2030. Digitalpayments are at the heart of this growth, offering consumers convenience, reliability, and efficiency.
Alipay+ , Ant International’s cross-border mobile payment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. By using Alipay+, cross-border travelers can experience a new country or market and pay like a local.
Digitalpayments 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-borderpayments, according to a Tuesday (Sept. 8) press release.
At the Singapore FinTech Festival 2024 , PayPay , Japan’s top QR payment operator, today announced an expanded partnership with Alipay+ , Ant International’s cross-border mobile payment and digitalisation technology solution, broadening its merchant coverage network across Japan.
LankaPay – Sri Lankas National Payment Network – announced their partnership with Ant International , a leading global digitalpayment, digitisation and financial technology provider, to launch Alipay+ acceptance in Sri Lanka at a press conference held on 25 th March 2025 at the Shangri-La Hotel, Colombo.
Such an expanding and accelerating cooperative landscape pushed Payoneer to recently launch the latest version of Payoneer for Banks, its mass payouts and cross-borderpayments platform. For example, Airbnb and Google both leverage the platform for their cross-borderpayment needs.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. It enables payments, payroll disbursement, and marketplace operations. billion digitalpayments PayU 5.2
Alipay+ , the cross-border mobile paymentdigital platform under Ant International, has unveiled a year-end campaign aimed at fostering sustainable cross-border travel. billion payment accounts of over 25 digital wallets, banking apps and buy now, pay later (BNPL) apps.
Alipay+ , the cross-border mobile payment and digitalization solutions operated by Ant International, continued its global summer campaign, which was kicked off by UEFA EURO 2024, in preparation for the travel industry’s full rebound by the end of 2024.
Visa and Mastercard each made headlines in the payments infrastructure and cross-border realms, eyeing digitalpayments and B2B payments. Visa also said last week that it linked with Currencycloud to focus on cross-border and travel payments. Separately, and beyond the U.S.,
Ant International’s Alipay+ can now accept cross-borderpayments by 13 international e-wallets of which 9 were recently enabled. 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.
Alipay+ has expanded its digitalpayment 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-borderpayments and enhance the digitalpayment landscape in Singapore.
Ant International , the Asia-based one-stop digitalpayment 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. Alipay+ now connects over 88 million global merchants cross-border in 57 markets to 1.5
Travelers are also rewarded for using more digitalpayments 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.
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+ , a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International. This covers a population of approximately over 1.2
It has already partnered with national QR code systems in countries like Singapore, Malaysia, South Korea, Cambodia, and Nepal to support cross-borderpayment acceptance. LANKAQR, launched in 2020, is managed by LankaPay and provides a unified digitalpayments platform across banks and merchants in the country.
Another factor is the regulatory requirements in many markets that historically necessitate paper documentation for cross-border movements of funds. The pandemic provided us greater opportunity to work with regulators to create digital solutions,” said Kanthadai. “We
The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financial inclusion and economic growth. Laos, a landlocked country bordered by Myanmar and China to the north, Thailand to the west, Vietnam to the east, and Cambodia to the south, has a rich but challenging history.
Alipay+, an official sponsor of UEFA EURO 2024 , is a suite of cross-border mobile payments and digitalization technology solutions that now supports 30 global e-wallets and banking apps. The number of customers paying with Alipay+ partner wallets in the opening week increased by 59% (WoW).
Today, Tinaba users can make cross-borderpayments at Alipay+ merchants in 27 different countries, including Italy, enhancing the travel experience for users. We are facing a fundamental change for the European digitalpayments system, but with lots more innovation on the horizon the best is yet to come.”
To that end, in an interview with PYMNTS, Mike Goodenough, general manager of EMEA at Ingenico ePayments , said merchants can demystify the cross-border adventure into Russia through Ingenico’s local solution that can streamline transaction processing. Get it wrong, and money and time are, ultimately, wasted.
Alipay+ , the cross-border mobile payment and digitalisation solutions operated by Ant International , has had a very successful summer. Having been the official; payment partner of UEFA EURO 2024, the company is now looking at how it can capitalise on this momentum.
Digitalpayments startup QFPay , the largest global partner of WeChat Pay and Alipay, raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners, TechCrunch reported on Tuesday (Aug. Data shows that Chinese consumers actually prefer using mobile payment and cashless transactions.
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.
In a recent PYMNTS discussion with Karen Webster, Kohli dug deep into how financial institutions (FIs), FinTech firms and others need to find ways to work together to advance the cause of digitalpayments. The first part , released in March, focused on global payments and corporate responses to cross-border transactions.
Australias digitalpayments and e-commerce market is experiencing an unprecedented boom. This transformation presents exciting opportunities for businesses looking to expand their digital presence. According to the latest Mordor Intelligence report , Australias payments market size is presently valued at $1.07
In a press release, Grab said the launch of the remittance offering marks a “significant milestone” toward the company’s vision for on ASEAN eWallet that will improve financial inclusion for the growing middle class and micro-entrepreneurs in the region. Grab made the announcement during the 33rd ASEAN Summit.
Chinese consumers spend over $100 billion annually on cross-border eCommerce purchases, according to data from Frost and Sullivan. That $100 billion is itself but a small portion of China’s total cross-border transaction volume, which as of 2016, stood at $6.7 Creating New CrossBorder eCommerce Opportunities .
The publication has noted that the wallet would work much like other digital wallets, such as Samsung or Apple Pay , and would be tied to a separate cloud platform. Consider Brazil, where, as reported in this space earlier in the week, a number of digital firms are jockeying for position to carve out at least some of the $2.2
The publication has noted that the wallet would work much like other digital wallets, such as Samsung or Apple Pay , and would be tied to a separate cloud platform. Consider Brazil, where, as reported in this space earlier in the week, a number of digital firms are jockeying for position to carve out at least some of the $2.2
As organizations — particularly technology firms in the services market — expand across borders, customer bases proliferate and diversify. As a result, new challenges emerge in their ability to nurture customer engagement and facilitate a positive payments experience.
“Initially, Stables set out to reimagine how stablecoins could power everyday payments, and today, we’ve turned that into a reality. We believe they will shape the future of cross-borderpayments, and the little guys will keep more money in their pockets.” Stablecoins are challenging the status quo of remittance services.
It might have been a matter of curiosity and, in some corners of the payments universe, surprise to learn last month that Iyinoluwa Aboyeji departed from Andela, Mark Zuckerberg’s talent accelerator devoted to Africa and tech training, to start Flutterwave. With offices in the U.S.
Or when they lose international deals because they’re not accepting the latest and greatest form of digitalpayment. Both of these fall within the top five challenges facing modern travel agents, according to a list compiled by online global payments company Paysafe. Complex Cross-Border B2B Payments.
21), and the two companies are going to work together to develop “real-world use cases that are enabled by advanced blockchain technology” that will use Monerium’s “programmable” digital money, according to W. Monerium stores fiat currency deposits for clients and releases them in a digital form on a blockchain.
“As banks navigate unprecedented regulatory changes and rapid digitization, payments modernization goes beyond just a technology refresh; it is a strategic transformation that spearheads new avenues of business growth and competitive advantage,” ACI Worldwide SVP and Managing Director of APAC Leslie Choo said.
and Africa, Flutterwave is looking to establish the digitalpayments infrastructure the continent needs to bring transactions beyond the realm of cash. Aboyeji stated that the API allows for users in Africa to send and receive money across the aforementioned conduits, a continuum that could be a boon to cross-border transactions.
Viva.com , Europe’s first acquirer powering payments on any channel, and any device, in 24 markets, has expanded its strategic partnership with Alipay+ , a suite of cross-border mobile payments and digitalization technology solutions, to enable European merchants to accept direct payments from 15 e-wallets.
2020 Trendline One: Rapid Acceleration Of Cash To DigitalPayments. Cheaper smartphones and more access to fast internet everywhere in the world will accelerate consumers’ demand to move cash to digitalpayment methods. 2020 Trendline Three: From The eWallet To The Everyday App Ecosystem. billion people now live.
2020 Trendline One: Rapid Acceleration Of Cash To DigitalPayments. Cheaper smartphones and more access to fast internet everywhere in the world will accelerate consumers’ demand to move cash to digitalpayment methods. 2020 Trendline Three: From The eWallet To The Everyday App Ecosystem. billion people now live.
The collaboration, announced at the Singapore Fintech Festival 2024, allows users of Alipay+ to make payments by scanning NEPALPAY QR codes. are extremely delighted to showcase Nepal’s QR scheme and our retail payment system in the global arena.
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