Digital Payments

Oct
22

Japanese fintech firm Digital Wallet acquires PH’s Speed Money Transfer

Digital Wallet Corporation (DWC), a Japan-based financial technology (fintech) company, announced today that it has acquired remittance and foreign exchange firm Speed Money Transfer Philippines (SMTP) for an undisclosed amount. SMTP, which operates in the Philippines and Australia, will be renamed as Digital Wallet Philippines following the acquisition. The deal and the name change have […]

By Reposted by International FinTech | Currency . FinTech . Payments
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Oct
21

Cambodia’s Central Bank tests out digital wallet to reduce cross-border payment fees

Cambodia’s Central Bank wants to curtail the cost of cross-border payments and is examining its in-house digital wallet, the Hyperledger Iroha-powered Bakong. Last week, the National Bank of Cambodia (NBC) signed an agreement with Malaysia’s Maybank. The banks will work together to cut down the remittance fees of their respective digital payment platforms – Bakong […]

By Reposted by International FinTech | Banking . FinTech . Payments
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Oct
21

China’s cryptocurrency plan has a powerful partner: Big Brother

When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital currency soon, […]

By Reposted by International FinTech | Currency . FinTech
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Feb
22

Google steps up global fight for digital wallet as China dominates mobile payments

Mobile payment transactions in China added up to more than US$12.8 trillion last year, making it the world’s largest mobile payments market. Now US tech giants are playing catch up. To get a sense of how pervasive mobile payments have become in China, consider that on the eve of this year’s Spring Festival, 668 million […]

By Reposted by International FinTech | Banking . FinTech . Payments
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Feb
15

Indians can now send money to each other via WhatsApp

WhatsApp is beta testing letting users in India send money to each other through the app. The feature isn’t available to everyone yet, but here’s what it looks like once you have it. Tapping “Payment” lets users enter an amount and zap it to anyone they’re chatting with on WhatsApp, as long as the other […]

By Reposted by International FinTech | FinTech . Payments
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Feb
15

Put people first to get fintech right in Asia

As the Year of the Rooster gives way to the Year of the Dog, fintech remains very much in the news and on investors’ minds. From blockchain to bitcoin, ethereum and other cryptocurrencies, and initial coin offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking […]

By Reposted by International FinTech | Bitcoin . FinTech . Payments
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Feb
15

Want to buy stuff using bitcoin? Coinbase wants to help

Coinbase, a company that houses people’s digital wallets for bitcoin and other cryptocurrencies, has a new way to pay. The service, called Coinbase Commerce, “enables merchants to accept multiple cryptocurrencies” so funds arrive directly in their own wallets. It can be integrated straight into their own online checkout processes, Coinbase said in a blog post […]

By Reposted by International FinTech | Bitcoin . FinTech . Payments
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Feb
02

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B

Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alipay and other financial services. The deal, which both parties said stems from an agreement made in 2014, will see Alibaba pick […]

By Reposted by International FinTech | FinTech . Investing . Payments
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