Payments News

On The Web

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Global

Singapore payments vendor takes app global with UnionPay partnership

“Network for Electronic Transfers of Singapore (Nets) has inked an agreement to enable consumers to pay for purchases overseas, using its NetsPay app, at merchants that support UnionPay’s QR code platform. The mobile app had been updated with a new wallet function that would allow consumers to scan a QR code to process their transactions at […]
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Global

Japan to promote e-payment with subsidies and tax breaks

“Japan lags behind such countries as South Korea, China and the U.S. in embracing cashless payment, frustrating many visitors from abroad. It seeks to make cashless options widely available ahead of the 2020 Tokyo Olympics. The government intends to draw up a plan by year-end to standardize payment methods using QR codes. Businesses that provide settlement infrastructure in line with […]
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Global

SG govt pushes for mobile payments with unified QR code

“The government of Singapore has launched the Singapore Quick Response Code (SGQR) which combines multiple payment QR codes into a single SGQR label, making QR code-based mobile payments simple for both consumers and merchants. The SGQR was developed by an industry task force co-led by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development […]
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Global

Chinese payment giants are light years ahead

“China’s two mobile payments giants, Alipay, an affiliate of the Chinese ecommerce group Alibaba, and WeChat Pay, owned by the messaging and social media powerhouse Tencent, are streets ahead of  their Western rivals in terms of technology, user friendliness, number of users and ubiquity. To put their scale into perspective, each organisation handled more payments in a single month […]
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On The Wires

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Companies

Mastercard And Entersekt Enable All-In-One, Scan-To-Pay Feature In Nedbank App

“Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app, whether they are paying online or at a physical point of presence. This market-first development means that Nedbank Money users need just one smartphone app for all major […]
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Domains

Singtel and AIS debut VIA, Asia’s first cross-border mobile payment alliance

“The Singtel Group today launched VIA, its cross-border mobile payment alliance, with its regional associate AIS and Kasikornbank, Thailand’s largest digital bank. Singtel, AIS will now offer QR code-based mobile payments through mobile wallets, Singtel Dash, AIS GLOBAL Pay and Rabbit Line Pay, across both Singapore and Thailand. These can be used at all merchants displaying […]
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