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Peru's mobile wallet that other nations copy

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 Insights

07-May-18 Many countries want to emulate Peru’s BIM e-wallet, Latin America’s first national mobile money scheme. But a challenge for governments in emerging countries is persuading consumers and small businesses to move from using informal cash to electronic payments. [image: Bloomberg News / PaymentsSource]

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Gulf Capital acquires fintech firm Saudi Geidea

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07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]

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Singapore aims small to make it big in cashless drive

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01-May-18 To accelerate its cashless initiatives, Singapore is focusing on driving its efforts towards SMEs who make up 99% of the businesses in Singapore. However, cash payments make up nearly 60% of transactions. [image: Shutterstock / Techwire Asia]

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How travelers are dictating where mobile wallets expand globally

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25-Apr-18 Chinese players Alipay and WeChat are powering many digital purchase transactions in China and now abroad. These digital wallets are moving west, as the spending power of China's residents grows and the government allows travel to more destinations. [image: Shiho Fukada / Bloomberg]

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