Payments News

On The Web

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Global

‘We want to be THE online payment solutions provider for Southeast Asia’

“Established in 2011, Red Dot Payment (RDP) is Singapore’s largest digital payment gateway, handling almost one billion dollars in online transactions across 22 countries. In this interview, CEO Randy Tan discusses how expats and support from the government have helped to build a thriving Fintech ecosystem in the city-state, and the innovations and solutions RDP […]
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Global

Singapore’s Grab Puts Partnership With Troubled Wirecard on Hold

“Southeast Asian ride-hailing and payments company Grab said it had put a partnership with scandal-hit Wirecard on hold, days after the German payments firm disclosed a $2.1 billion financial hole that threatens its future. The two companies had struck a payments agreement in March under which Wirecard was to process transactions made via the GrabPay […]
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Deals

Yoma to Buy Control of Myanmar E-payment Venture Wave Money

“Singapore-listed Yoma Strategic Holdings will acquire a controlling share in its Wave Money digital wallet joint venture while welcoming Chinese platform Alipay on board, as the group pushes to reach Myanmar’s many underbanked citizens. Yoma will buy a 51% stake in Wave Money operator Digital Money Myanmar from Norway’s Telenor for $76.5 million, the group […]

On The Wires

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Domains

Grab Expands Grocery, Essentials Delivery Across Southeast Asia

“Grab, Southeast Asia’s leading everyday app, today announced the expansion of GrabMart into eight Southeast Asian countries, with Cambodia being the latest addition. GrabMart scaled from two to eight Southeast Asian countries in three months and is live in 50 cities across Singapore, Indonesia, Malaysia, Vietnam, Thailand, the Philippines, Myanmar and Cambodia today.”