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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.
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 mobilepayment and digitalisation technology solution, broadening its merchant coverage network across Japan.
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. Its goal is to help grow Indonesias digital economy by enabling seamless transactions for everyone.
Now, it is working with Visa on the SiriusXM eWallet, designed to integrate into a vehicle’s dashboard to allow drivers and passengers to complete purchases for everyday tasks while on the go. Teaming up with SiriusXM is a big step forward in Visa’s quest for connected commerce across the automotive ecosystem.
As it aims to drive the digital economy in Malaysia, the GrabPay eWallet has been chosen to take part in the e-Tunai Rakyat initiative that will roll out in mid-January. The initiative is an effort to encourage eWallet usage.
Let’s dive into the subtleties of the smoothest payment process and find out everything about NFC mobilepayments, including what they are, how they work, and how to use them. What are NFC MobilePayments? NFC payments add immense convenience for today’s busy customers. How Do NFC MobilePayments Work?
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.
Alipay+ , Ant International’s cross-border mobilepayment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. Alipay+’s mobilepayment partners from around the world have also seen significant growth.
Ant Group began its partnership with Tinaba and Banca Profilo in 2016, extending it to the Alipay+ solution in 2023, supporting users to make mobilepayments at more than 2.5 Today, Tinaba users can make cross-border payments at Alipay+ merchants in 27 different countries, including Italy, enhancing the travel experience for users.
Visa is teaming with Norwegian digital wallet company Vipps on a new initiative to boost mobilepayments in Europe, according to a report from Cards International. With the new strategic partnership, Visa clients can use Vipps' platform to make digital wallets and offer diverse ways for customers to pay and be paid.
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 digitalpayment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China.
Micro-mobility giant Helbiz announced a partnership with mobilepayments 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.
Alipay+ , the cross-border mobilepayment 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.
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.
AlipayHK, a mobilepayment system in Hong Kong, has partnered with McDonald’s to offer payment on the McDonald’s app on smartphones, the company said in a release. With the advent of mobilepayment services and big data analytics, restaurants are going full steam on digitalization,” the company said in the release.
To that end, on a grand stage, in payments it is the BRICS that may shape – at least in part – how mobilepayments evolve. As reported last month, the BRICS have been moving toward a unified payment system. Increasing and enabling debit card payments will help Google grow in mobilepayments, he said.
Jennifer Tan, chief executive officer of Alipay Payment Services (HK) Limited, said per reports in April that she expects mobilepayment systems to continue to grow in popularity. Currently, Alipay customers can use the eWallets to make payments in nearly 10,000 restaurants.”.
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 mobilepayment and digitalization technology solutions operated by Ant International. This covers a population of approximately over 1.2
To that end, on a grand stage, in payments it is the BRICS that may shape – at least in part – how mobilepayments evolve. As reported last month, the BRICS have been moving toward a unified payment system. Increasing and enabling debit card payments will help Google grow in mobilepayments, he said.
The campaign features special offers from Alipay+ and partners to encourage sustainable travel behavior, such as free overseas mobile data packages, in-app discounts across Alipay+’s extensive merchant network, and opportunities to win 100% rebates at partner stores. Digitalpayment increases international tourism revenue to local SMEs.
Ideal Payments announced on Tuesday (Sept. 6) it has partnered with Taif Money Transfer, the Iraqi money transfer service, to roll out Taif eWallet, Iraq’s first mobilepayment app. The app enables customers to make and receive payments using their mobile phones. “We
Alipay+, an official sponsor of UEFA EURO 2024 , is a suite of cross-border mobilepayments 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).
The country is focusing on fintech solutions like mobilepayments and cross-border systems to boost financial inclusion and economic growth. The post Laos’ Path to Financial Inclusion: Mobile Money, DigitalPayments, and Future Growth appeared first on The Fintech Times.
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.
The partnership aims to enhance the travel experience for international visitors exploring the island destination of Jeju by providing convenient digitalpayment services and exclusive offers and contributing to boosting the local economy.
And while those mobile wallets vary widely, Boku CEO Jon Prideaux told Karen Webster in a recent conversation, what they all share is a common goal. 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. Building for the Broader Opportunity .
Alipay+ , the cross-border mobilepayment 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. Many of these are mobilepayment leaders in Asia.
The companies noted that by issuing Mastercard prepaid cards, Grab’s mobilepayments 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.
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.
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 digitalpayment. On average, people worldwide choose to pay digitally with an electronic wallet (eWallet) about 25 percent of the time. It was founded in 2012.
Alipay+ , the cross-border mobilepaymentdigital platform under Ant International, has unveiled a year-end campaign aimed at fostering sustainable cross-border travel. Digitalpayments In 2023, Alipay expanded its cooperation with major international card organisations to facilitate foreign cardholders visiting China.
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.
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 mobilepayment and cashless transactions.
Kanthadai said the bank is investing not just in the payment-to-suppliers process but also how payment is collected from consumers, or the merchant acquiring space, which is traditionally the area of focus for FinTechs.
Drilling down a bit, Statista estimated that cards will be 23 percent of eCommerce sales this year, eWallet at 28 percent (up a percentage point year on year).
“Consumers in India have typically found eCommerce to be inconvenient, but that is starting to change with mCommerce adoption and simpler payment methods taking hold in eCommerce,” the report said. Keep an eye on the market and be ready to expand your selection of payment methods to keep up with local customers. Expanding Ecosystems.
According to the patents, the bank is working on an array of things, including issuing and supplying a digital bank currency, a system for settling issues between banks using the currency, and enacting digitaleWallets for the currency that can be tied to existing bank accounts.
Payments can be one of the areas of greatest friction for eCommerce players, especially if they operate globally and need to handle many different forms of payment. Done right, though, payments processing can differentiate the wheat from the chaff. Mobilepayments volume in the U.S.
VinID acquired local eWallet platform MonPay , earlier this year. “Merging Adayroi with VinID not only helps store data about customer behavior but also create a new platform where customer needs are better predicted,” Vingroup said, according to Deal Street Asia.
Trupay is one of the first private sector companies in India to offer a mobilepayment app based on a unified payment interface (UPI), according to a press release. Users need only a phone number to send and receive money to their bank accounts and to send payments to another bank account, eliminating the need for third parties.
The rumors about hand-based payments out of Amazon have been building for the last few months. In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment.
Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.
PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm , the country’s leading digitalpayments firm. According to a Reuters news report, the government of India’s push for cashless transactions is leading more people to use e-wallets and card payments.
The launch of the Apple Pay mobile wallet has long been seen as Apple’s attempt at replacing consumers’ use of plastic cards for in-store purchases as their primary payment method. Today, Oct. 20, happens to be Apple Pay’s six-year anniversary. So, where does Apple Pay stand today?
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