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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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