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Chinese shoppers embrace facial payments

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05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]

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In high-tech Japan, cash is still king

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22-Aug-19 Once a cashless pioneer, Japan is now lagging behind countries such as Sweden and Korea on electronic payments, because of its aging population, low crime and virtually no counterfeiting. Four out of five purchases are still made with cash. [image: AFP / Toshifumi Kitamura]

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China’s iPayLinks to expand Middle East fintech market

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15-Aug-19 China-based cross-border payment services provider, iPayLinks, has announced its plans to enter Middle East fintech market. The firm is aiming to build up a one-stop payment solution for the Middle East cross-border business. [image: TahawalTech]

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Remittance and migration flows foil ranking

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09-Jul-19 The World Bank’s update on migration and remittances points to an almost 10% jump in 2018 to USD530 bn for low and middle-income countries, although the pace is projected to slow for the remainder of the year. [image: iStock]

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