Payments News

On The Web

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Domains

Glitchy Bank Networks Slow India’s Mobile Payments Revolution

“Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There’s just one problem: The networks of India’s biggest banks have struggled to keep pace, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say. The problems […]
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Domains

Huawei Gains Payment License After Latest Acquisition | KrASIA

“Huawai has gained a mobile payment license in China after buying Shenzhen Xunlian Zhifu Network from Shanghai Wo Rui Ou Information Technology Co., Ltd., China Securities Journal reported on Sunday… Huawei has been in the mobile payment sector for years, leveraging on UnionPay’s mobile payment service, Yunshanfu. The Huawei Pay app, which launched in 2016, allows […]
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Domains

Wallyt, NIC ASIA Bank and Fintech FirstPay Team up

“Nepal’s NIC ASIA Bank, is partnering with Nepal’s payment system operator FirstPay and Hong Kong based digital banking solution provider Wallyt to launch digital payment services to its merchants through WeChat Pay and UnionPay QR. The partnership enables merchants associated with the bank to reach more Chinese guests by giving the opportunity to use their […]
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Domains

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

“GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base and new merchants with the option to take digital payments […]
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Domains

Chinese Consumers Now Make Three Mobile Payments Every Day

“Chinese consumers made an average of three mobile payments a day during 2020, while 98% of the Chinese population consider mobile payments to be their most frequently used transaction method, an increase of five percentage points on last year, a new survey reveals. The number of consumers making mobile payments using a QR code also […]
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On The Wires

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Deals

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

“Zeepay , the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money in Zambia… Mangwee has been in operations since 2018, and was initially set up to operate as an alternative wallet targeting university students in Zambia with the aim of assisting to […]
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Domains

MFS Africa Now Reaches Over 320 Million Mobile Money Wallets, Covering 60% of All Mobile Wallets in Sub-Saharan Africa

“Pan-African fintech leader MFS Africa has today announced that it now reaches over 320 million mobile money wallets,[1] enabling a range of banks, telcos, money transfer operators, and other financial institutions interoperability at scale in Africa through a single integration point. Based on the 2021 State of the Industry report on Mobile Money released by the GSMA, […]
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Companies

Mastercard and MTN Empower Millions of Consumers in Africa to Make Payments on Global Platforms – MTN Group

“Mastercard and MTN today announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach […]