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Asia rushes to a cashless society

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 Insights

22-Jun-18 E-payments are expanding across Asia at breakneck speed. Hong Kong, Singapore and predominantly China lead the way. Singapore’s education minister, Ong Ye Kung says already 80% of Singapore consumers use e-payments and nearly 60% merchants now accept e-payments. [image: finews.asia]

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Alibaba and Tencent are taking the fight to Southeast Asia

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 Insights

19-Jun-18 In Southeast Asia Alibaba and Tencent have spent billions to secure major equity stakes in the region’s leading tech startups. Online media, travel, ride-hailing and e-commerce will grow to USD200 bn by 2025, from USD50 bn in 2017. [image: Fortune]

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QFPay offers mobile payment to merchants in the UAE

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 Insights

19-Jun-18 UB QFPay, the joint venture between Dubai-based United Brands and China-based QFPay, will collaborate with Noor Bank, a leading Sharia compliant bank in UAE, to bring new mobile payment and digital marketing solutions to Emaar. [image: UB QFPay]

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Google to invest USD550 mn in Chinese e-commerce giant JD.com

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 Insights

18-Jun-18 Google will invest USD550 mn in Chinese e-commerce powerhouse JD.com as one piece of a broader partnership and as part of the US Internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. [image: Channel News Asia]

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Visa and I-Berhad launch smart city initiative in Malaysia

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 Insights

18-Jun-18 Visa and I-Berhad have partnered on the digitisation of payment systems across i-City, a high-tech development in Selangor, Malaysia. The collaboration is a first in terms of scale and a milestone in the modernisation of e-payments in Malaysia. [image: Digital News Asia]

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