Flipkart may finally have a decent payments solution to take on Paytm, Snapdeal

IndiaTech in Asia — India’s biggest ecommerce company, Flipkart, finally launched its own digital wallet PhonePe this week. The wallet officially started working on subsidiary Myntra today. Flipkart tied up with India’s Yes Bank to launch what it is calling “India’s first unified payments interface-based mobile payments app.”


Xiaomi’s Online Payment Service Opens In China

ChinaChina Tech News — China’s Xiaomi cooperated with China UnionPay in launching its payment service MI Pay. With this move, Xiaomi becomes yet another smartphone maker that chas ooperated with China UnionPay in launching mobile payment services, following Apple and Samsung. Prior to this, China’s Huawei also launched its payment service, but Huawei’s partner is Bank of China.

Link to http://www.chinatechnews.com/2016/09/05/24157-xiaomis-online-payment-service-opens-in-china

Singapore banks eye Facebook IDs for transfers

SingaporeFT — Banks in Singapore are collaborating on a new service that would allow customers to make payments using Facebook IDs or Twitter username. The system will allow electronic transfers between account holders who have registered their social media identities with their banks, allowing users to make payments by selecting the payee’s Facebook ID instead of typing in an account number and sort code.


Android Pay makes its debut in Asia starting with Singapore

Singapore9TO5 Google — Android Pay has been very slowly making its way around the world and today the service has finally arrived in Asia — or at least for those in Singapore. Users in Singapore are able to download and activate Android Pay on their devices right now as long as their bank is compatible with the service.

Android Pay makes its debut in Asia starting with Singapore

Google Launches Android Pay In Asia, Singapore To Get It First

SingaporeForbes — After launching in both the United States and the United Kingdom, Android Pay, Google’s contactless smartphone payment solution is finally making landfall in Asia. Singapore will be the first Asian market to gain access to Android Pay with Singaporeans able to load and MasterCard credit and debit cards from six banks including DBS and Standard Chartered onto their Android smartphones.


Tencent partners to expand WeChat Pay in Japan

JapanMobile World Live — Chinese internet giant Tencent is partnering with Japanese social data provider Hotto Link to roll out its WeChat Pay service to 10,000 stores in Japan by the end of the year. According to Nikkei Asia Review, only a few Japanese stores have adopted WeChat Pay, which is targeted at Chinese travellers who account for a quarter of all visitors to Japan and spend a lot more than other groups.

Tencent partners to expand WeChat Pay in Japan

1 in 3 POS terminals to be mobile by 2021

APACTelecom Asia — Smartphone and tablet-based mobile point-of sale (POS) terminals will handle 40% of all retail transaction value by 2021, up from an expected 12% in 2016, a new study from Juniper Research showed. The research firm forecasts that the use of mPOS systems will account for more than 1 in 3 POS terminals by 2021, driven by larger retailers adopting mPOS as part of an array of point-of-sale options.


Apple pay on the way through six HK banks

Hong KongThe Standard — Six banks will bring Apple Pay to Hong Kong this summer with their Visa, Master-Card and American Express credit cards, including the Hongkong and Shanghai Banking Corporation and Hang Seng Bank. Other banks taking part are Standard Chartered, BOC Hong Kong, The Bank of East Asia and DBS Hong Kong.


Apple Pay now available to customers of 5 major banks in Singapore

SingaporeTech in Asia — Apple Pay is finally making its big move towards becoming ubiquitous in Singapore. AsChannel NewsAsia reports: Tech giant Apple announced the expansion of its mobile payment service, Apple Pay, in the Republic on Wednesday (May 25). Before this, only customers with cards issued directly by American Express were able to use the service.


Mobile wallet companies Paytm, MobiKwik and Oxigen diversifying to combat UPI threat

IndiaTimes of India — NEW DELHI: Paytm , MobiKwik and Oxigen have rebuffed PayU’s comment that the era of mobile wallets is over, pointing to the millions of Indians who are still unbanked and the growth of smartphones. They, however, admit that there may be no space for new entrants or smaller companies, especially with the new payments system – Unified Payments Interface (UPI) – coming in.


Starbucks launches mobile app in Japan

JapanEnterprise Innovation — Starbucks expanded its digital ecosystem with the launch of its mobile app in Japan, which introduced mobile payment and eGifting to the company’s fourth largest market. With the app, customers can pay for their in-store purchases at more than 1,100 stores across the market simply by scanning a bar code linked to their registered Starbucks card.


Majority in Singapore will use smartphones to pay for goods

SingaporeZDNet — Eight in 10 Singaporeans say they will use their smartphones instead of cash or physical payment cards to pay for goods and services in physical retail stores. The survey finding from Visa signalled positive consumer sentiments towards mobile payments, as adoption of contactless payment continued to grow, said Ooi Huey Tyng, Visa’s country manager for Singapore and Brunei.


Singtel’s Dash app now lets you pay on public transportation and send money abroad

SingaporeTech in Asia — Singaporean telco Singtel announced today the overhaul of its Dash mobile payments app to enable cashless payments everywhere from retail outlets to the MRT subway system using just your smartphone – even if you’re not a Singtel mobile subscriber.


Singtel adds new features to m-payment offering

SingaporeEnterprise Innovation — Singtel has enhanced its mobile wallet app, Singtel Dash, with new features in its bid to claim a larger slice of the mobile payments pie. Singtel Dash was first launched in 2014 as a collaboration between Singtel and Standard Chartered Bank in Singapore. The carrier-agnostic service is open to all users in Singapore with an iOS or Android mobile device.


Future Of Shopping On Display At CES Asia

ChinaAlizila — You’ve heard of the brick-and-mortar store? So yesterday. At this year’s CES Asia consumer electronics show, Chinese e-commerce giant Alibaba Group brought attendees into the shop of the future.

Future of Shopping on Display at CES Asia

Paytm shakes hands with Uber and Alipay for payments across 400 cities worldwide

IndiaTech in Asia  — Till now, if you were an Uber user in India who wanted to hail a cab anywhere outside the country, you would have had to mandatorily register a credit card on your account. But most Indian internet users don’t have a credit card. India, with its over 350 million internet users, has just 21 million credit card users. But today onwards, Paytm wallet users can hail an Uber cab and pay with the online wallet at any of the 400-odd cities Uber runs in. Paytm has tied up with Uber for this.


Uber just made it a lot easier for Chinese travelers to hail a ride

ChinaTech in Asia — Uber and Alibaba’s spin-off mobile payments service today announced the launch of a joint program to allow Chinese ride-hailers to use Alipay to pay for their trips anywhere in the world. The first inklings of this deal came in February, when the companies announced that mainland Chinese users would be able to use their Alipay accounts to pay for rides in Hong Kong, Macau, and Taiwan. Today’s news expands that scope to include all of the 400-plus cities where Uber operates around the world.


Mobile money regulations released, from Myanmar

MyanmarMyanmar Times  — The Central Bank announced yesterday that it had issued rules on mobile financial services at the end of last month to build an enabling regulatory framework for efficient and secure mobile financial services in Myanmar. For some, the country seems primed for these services. Few of its 51.4 million population have bank accounts, and distrust of the financial sector remains high.


Singapore’s StarHub adds support for Apple Pay

SingaporeSingapore’s StarHub has introduced the ability for its customers to use Apple Pay for secure mobile payments. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorised with a one-time unique dynamic security code.


Mobile money service launched in Bangladesh

BangladeshTelecom Asia — Telecom Asia — Financial inclusion in Bangladesh just took a stride closer to reality with the launch of a new international remittance receiving service via a partnership between MasterCard, Western Union, bKash and BRAC Bank. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts.


Fastacash bets on social media payments surge

SingaporeSMH — Payments business Fastacash is predicting a multibillion-dollar boom in money transfers between people via social media apps such as Facebook and WhatsApp, as it eyes a potential Australian listing. The Singapore-based firm, reported to be planning a float on the ASX, is one of several companies targeting the potential for consumers to use social media apps to send money, as well as pictures or videos, to friends or family.


Singapore pilots NFC-enabled mobile phones for public transport payments

SingaporeEnterprise Innovation — Near Field Communication (NFC) technology would allow Singaporeans to pay for their public transport rides through their mobile phones. The Land Transport Authority (LTA), Infocomm Development Authority of Singapore (IDA), and EZ-Link recently concluded a joint trial with the mobile network operators and public transport operators on the use of compatible mobile phones.


Apple now accept payments through WeChat

ChinaAdd this to the list of things you can do with WeChat: buy Apple gadgets. Tencent’s messaging-app-cum-everything-platform announced Wednesday that support for WeChat Pay has been added to Apple’s official online stores in China. That means that you can now use WeChat pay for all of your Apple gadget and accessory needs.


Messaging app Line launches its own debit card

JapanTech in Asia — Messaging app Line said yesterday it will launch a prepaid card – called Line Pay Card – for shoppers. The announcement was made by director Jun Masuda onstage at the Japan-based company’s Line Conference Tokyo 2016 event. The Line Pay Card, made for Line’s 68 million Japanese users, is launched in partnership with credit card company JCB.


Singtel enables public transport payments through NFC

SingaporeZDNet — Singaporean incumbent telecommunications provider Singtel has announced the upcoming launch of its Transit NFC SIM, enabling customers to pay for train and bus trips using smartphones with near-field communication (NFC). Singtel customers across the island will be able to pay for MRT, LRT, and bus rides using an NFC phone that has the telco’s Dash app installed.


Huawei moves further into mobile payments

ChinaTelecom Asia — Apple and Samsung recognize that revenue from the sale of mobile devices, alone, cannot keep shareholders happy. With the vendors venturing into what is arguably one of the most exciting spaces in the financial services space – payments – it begs the questions of who will follow suit and whether the market can afford multiple payment providers.


SK Telecom’s T Pay attracts 100,000 subs

KoreaTelecom Asia — SK Telecom has revealed that its Bluetooth Low Energy (BLE) based mobile payment service T Pay has surpassed 100,000 subscribers just two weeks after launch. T Pay offers the ability for customers to pay for purchases without touching their phones, and be charged through carrier billing. It is based on a BLE payment platform developed by SK Telecom.


Apple Pay to work with mobile websites by later this year: Report, from IN

IndiaTimes of India — Apple Inc will integrate Apple Pay with its Safari browser later this year, allowing users to make purchases from mobile websites, technology website Re/code reported, citing sources. The mobile payments system will be available to shoppers who use iPhone and iPad models that have the company’s fingerprint technology, Re/code reported.


Tencent brings in revenues of nearly CNY103 billion for 2015

ChinaDigi Times — Tencent on March 17 released its financial report for 2015, with consolidated revenues of CNY102.863 billion (US$16.37 billion) increasing 30.32% on year, according to the company. There were 853 million active users of QQ and 697 million active users of WeChat instant messenger each month in 2015, Tencent said.


Philippines’ mobile wallet providers announce interoperability

PhilippinesEnterprise Innovation — Mobile money interoperability in the Philippines took a step forward with the successful integration of the digital payments mobile app of Paymaya Philippines, the digital financial services arm of PLDT and Smart Communications, Inc. (Smart), with Globe Telecom’s mobile money service GCash. It is seen to boost the local digital commerce ecosystem.