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Joshua Chong, Analyst at Kapronasia, provides insights into the development of digital payments in Asia and the evolution of e-wallets in particular.
payments , digital payments, ecommerce, payment methods, digital wallet, account-to-account payment, SoftPOS, local payment method
Jonathan Bautista, BPC, analyses Asia-Pacific's payment landscape rapid shift from traditional methods to digital solutions, driven by fintech innovation.
payments , e-wallet, cryptocurrency, fintech, startup, contactless payments, COVID-19, transactions , digital payments, cross-border payments
Matt Higginson of McKinsey discusses why the future of digital asset tokenization holds greater promise than its tumultuous recent history might indicate.
tokenization, digital assets, blockchain, financial services, payments
US-based banking group Goldman Sachs has announced launching a transaction banking business in Japan.
transactions , online banking, B2B payments, cloud payments
The Central Bank of Japan has made changes to its monetary easing programme, move that saw the yen strengthen against the dollar and prompted falls on Tokyo bourses.
regulation, central bank, inflation, online payments
MUFG Bank has planned to establish a presence in an Indian fintech hub following a special economic zone being created in the western state of Gujarat, according to Nikkei Asia.
expansion, online banking, fintech, banks
Nikkei Asia reports that Hitachi has developed vein-based biometric authentication system for payments using only your finger, according to iMore.
biometrics, blockchain, biometric authentication, mobile payments
Japan-based retail group Aeon has announced it will launch its mobile payment service Aeon Pay in September 2021.
product launch, mobile payments, QR payments, QR code, contactless payments, super app
Tencent, launch, WeChat, mini shop, online store, online shopping, ecommerce, payment processing
Japan-based mobile carrier NTT Docomo has halted new registrations for its mobile payment service in response to a string of fraudulent bank withdrawals tied to the platform nationwide.
DOCOMO, Japan, fraudsters, personal identification number, payment system, mobile carrier, mobile payment
Guinea’s National Agency for Social & Economic Inclusion (ANIES) has launched a welfare cash transfer program through a partnership with security services provider Idemia.
IDEMIA, biometric authentication, MTN network, Guinea National Agency for Social & Economic Inclusion, ANIES, Africa, EMEA, fraud prevention, digital identity, securing transactions, secure payments
Asia, stocks, US China trade, US, China, trade, coronavirus, treatment, global investor, MSCI, APAC, Japan, Nikkei, Australia, S&P, ASX, futures, Europe, Euro STOXX, FTSE, Phase 1 trade deal
An influential group in China has revealed plans for an East Asia digital currency scheme that could see a basket of currencies combined to take on Bitcoin, Facebook's Libra, and even the US dollar.
central bank digital currency, China, dollar, trade war, Bitcoin, cross border payments, digitalisation, yuan, Libra
Temasek Holdings, a Singapore-based state investment company, has joined Facebook's Libra cryptocurrency project.
blockchain, artificial intelligence, Facebook Libra, cryptocurrency, Libra Association, Asia
Australia, fintech, startup, Verteva, NZ, Bolton, New Zealand, digital, lending, loans, technology, data
Japan, SMFG, SBI, partnership, digital banking, financial technology, cards, bank
Rakuten and Vodafone have invested in a venture to extend mobile coverage to more people and devices across the globe, according to Light Reading.
Rakuten, Vodafone, mobile coverage, ecommerce, smartphones, SpaceMobile, 4G, 5G, payments
Japan’s Rakuten has announced plans to set its big data mobile plan at 2,980 yen (USD 27.68) per month, or less than half of major rivals’ offerings, the Nikkei business daily reported for Reuters.
Rakuten, Japan, ecommerce, mobile data, online payments, Asia, finance offerings
Japan-based bank Mitsubishi UFJ Financial Group has announced its plans to launch a mobile payment service with staffing company Recruit Holdings.
MUFG, digital currency, mobile payments, banks, accounts, transactions , QR codes, transfers
Nikkei has lost USD 29 million dollars after an employee of the Nikkei America subsidiary was tricked by scammers to send the funds to a bank account they controlled.
Nikkei, BEC, fraud prevention, business email compromise, Email Account Compromise, CEO fraud, CEO impersonation