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Insights
10-Jan-18 A fast and easy payment system linking major banks and electronic payment platforms will be available in Hong Kong in September 2018. A pilot scheme is also in the works to allow people to pay government bills using their electronic-wallets. [image: Dickson Lee / SCMP]
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Insights
09-Jan-18 Mobile payment solutions are being seen as the next big thing by many. However, while tech companies such as PayPal, Square and Venmo have delivered solutions, consumers now expect their bank to provide fully integrated digital payments. [image: Digital Banking Report]
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Insights
08-Jan-18 Thanks to a die-hard affection for cash, Japan loses over USD17.6 bn every year as a result of 65% of payments being settled in cash, more than twice the average 32% among other developed economies. [image: BCG]
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Insights
08-Jan-18 Sprint has come up with a battery-powered payment card which functions as a debit, credit, prepaid, multi-currency or loyalty card. Partnered banks Emirates NBD, Japan’s Sumitomo, Canada’s CIBC and India’s IndusInd are expected to launch the card in 2018. [image: Dynamics Inc]
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Insights
07-Jan-18 The US saw USD112 billion of mobile payments in 2016, while payments in China totaled USD9 trillion. For Alibaba and Tencent the payoff isn’t just the 0.6 percent transaction fee from merchants. It’s also the consumer data collected. [image: Forrester Research / iResearch]
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