PYMNTS

MARCH 20, 2020

The staggering decline is blamed on the COVID-19 outbreak, which has seen countries around the world stop their economies to contain the spread of the virus. Smartphone demand collapsed in Asia last month due to the COVID-19 outbreak, and this dragged down shipments across the world,” said Linda Sui, director at Strategy Analytics.

Analytics 177

Analytics Strategy Regional Retail 177

PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. It’s highly unlikely that all of this is capital flight,” Chainalysis said in the report.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

Tom Groenfeldt

MAY 10, 2019

The World Council of Credit Unions helps develop new technology, like mobile banking, that credit unions need but cant afford to develop on their own.

Technology 104

Technology Mobile 104

PYMNTS

NOVEMBER 3, 2020

“This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

APRIL 8, 2020

Pacific Century Group (PCG) led the round, while Visa and MassMutual Ventures Southeast Asia were among the other investors. The company plans to invest more in customer support, expand its customer base in Southeast Asia, and add more regulatory licenses around the world.

Fintech 237

Fintech Cards Software Tools 237

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

Fintech 248

Fintech Cards Regional Management 248

PYMNTS

MAY 11, 2020

Some 60 percent of the global population calls the Asia Pacific home, according to UNFPA. The region is the fastest-growing economy worldwide, but the pandemic has slowed the number of people who will escape poverty, according to the World Bank. Bringing them into the digital economy “is a powerful force multiplier for societies.

Regional 185

Regional Resources Tools Mobile 185

PYMNTS

MAY 6, 2020

Chris Clark, regional president of Asia Pacific at Visa, said the company first starting working with Nium last year when the startup joined the Visa FinTech Fast Track program in Asia Pacific. We’ve worked together on new commerce experiences like instant remittances for consumers and businesses in Southeast Asia,” Clark added. “We

Fintech 256

Fintech Regional Payments Strategy 256

PYMNTS

JUNE 3, 2020

PayPal and Facebook are collaborating on a funding round by GoJek , the Indonesian digital payments company, to boost their profiles in Southeast Asia’s financial services sectors and fuel its use among small businesses, the tech companies announced. Terms of the deal were not disclosed.

Regional 134

Regional Payments National Innovation 134

PYMNTS

JULY 28, 2020

Asia-based financial settlements network EMQ , which works in cross-border payments, has announced the close of a $20 million Series B funding round led by WI Harper Group, according to a press release. Edward Liu, a partner at WI Harper Group, said the modern digital world would require more innovative payment practices as time goes on.

Capital 141

Capital Groups America Payments 141

PYMNTS

OCTOBER 29, 2020

percent by 2021, according to a statement from the World Bank Thursday (Oct. The World Bank will continue working with partners and countries to keep the remittance lifeline flowing, and to help sustain human capital development.”. Last year, migrants sent $548 billion in remittances, a record high, the statement noted.

Compliance 229

Compliance Tools Capital Groups 229

PYMNTS

OCTOBER 25, 2018

Apple is expanding its presence in Southeast Asia, choosing Thailand as the home for its second Apple Store in Southeast Asia. Last year, Apple opened its first Southeast Asia store in Singapore. Apple isn’t the only company setting its sights on expansion in Southeast Asia.

Apple 129

Apple Regional California Cards 129

PYMNTS

JANUARY 24, 2020

In order to accelerate the use of electronic payment options in Asia, Mastercard has invested in merchant commerce platform Pine Labs , according to a press release. It’s operational in the Middle East, Southeast Asia and India. The middle class in South Asia is growing, and increasingly seeks more “buy now pay later” (BNPL) options.

Payments 152

Payments Innovation Study Meeting 152

PYMNTS

JUNE 24, 2020

Moreover, Asia-Pacific will comprise 42.3 percent of all digital sales will occur in Asia-Pacific. The analyst noted that there will be a sizable drop in retail sales around the world this year, especially with non-essential goods not sold via digital. Those countries faced strong impacts from the pandemic per the announcement.

Online 237

Online Retail America National 237

PYMNTS

NOVEMBER 24, 2020

Speaking at a news conference with leaders of six major international economic and financial groups, including the World Bank and International Monetary Fund, Li said the country's economy “this year can achieve positive growth, and we expect next year (economic) operations can recover to a reasonable range,” Reuters reports.

Regional 195

Regional Conference Marketing Report 195

PYMNTS

JULY 17, 2019

The two companies are working together to offer more options for cashless payments and smoother transactions for consumers across Indonesia and Southeast Asia, Go-Jek said in a press release. And Visa, the world’s leading digital payments technology company, wants to help them get there.

Payments 134

Payments Regional Course Branding 134

PYMNTS

AUGUST 3, 2020

Mobile payments penetration has historically faced a gap in Southeast Asia , Joel Neoh , founder of leading regional online-to-offline company Fave , told Karen Webster. And while the future is nearly impossible to predict, Neoh said he sees digitization running through the future of commerce in both Southeast Asia and the world in general.

Taxes 311

Taxes Regional Payments Examples 311

PYMNTS

NOVEMBER 12, 2020

Morgan , the successful treasury transformation in the Asia Pacific region hinges on digitization — and not simply electronification. This is certainly true in Asia Pacific, where the pandemic has sped up digitization to a relatively greater degree than other parts of the world.

Innovation 295

Innovation Regional Data Payments 295

PYMNTS

NOVEMBER 16, 2020

Across Asia, an ongoing boom in global eCommerce volume, coupled with a convergence of market conditions, has made cross-border B2B trade a booming business — and a potentially lucrative one for small and medium-sized enterprises (SMEs). Across Asia, Theaud explained, invoices are often issued in U.S. Today, that's not always possible.

Meeting 141

Meeting Fintech Regional Marketing 141

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app.

Technology 240

Technology System social media Payments 240

PYMNTS

DECEMBER 13, 2018

are gearing up to launch cross-border remittances to Asia using blockchain technology. This is for remittances to start with, from across the globe into Asia.”. The cross-border remittances in Asia will be one of the first initiatives to come from a partnership between UAE Exchange and Ripple in February.

blockchain 189

blockchain Technology National Groups 189

PYMNTS

DECEMBER 13, 2019

Robocash Group, a peer-to-peer (P2P) lending platform, aims to raise $5 million in the next half-year from investors in Europe who want to invest in Southeast Asia, particularly Singapore, according to reports. P2P lending is becoming increasingly popular in Asia, exceeding some traditional European economies. billion two years later.

Lending 130

Lending Regional Groups Marketing 130

PYMNTS

JANUARY 24, 2017

24) that it will launch a host of exclusive dining privileges for Platinum, World and World Elite Mastercard consumer credit cardholders in Asia-Pacific. Mastercard Platinum, World and World Elite cardholders will now have access to exclusive aspects of Asia-Pacific’s culinary scene when they pay using their Mastercard.

Cards 100

Cards 100

PYMNTS

DECEMBER 18, 2020

Gojek , which bills itself as "Southeast Asia's leading on-demand services and payments platform," said in a news release that it has invested in Indonesia-listed technology-based Bank Jago. Gojek produces a digital wallet and payments platform called GoPay.

Resources 192

Resources Technology Strategy Digital Banking 192

PYMNTS

OCTOBER 8, 2020

EMEA, Asia and the Pacific and Latin America. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S.,

Report 247

Report Fraud Risk Management America 247

PYMNTS

APRIL 22, 2020

The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. The World Bank estimates that there were 272 million migrant workers working internationally, refugees included, in 2019.

Resources 172

Resources Report Company Payments 172

PYMNTS

JANUARY 23, 2019

AAX will leverage LSEG’s Technology to deliver a world-class exchange that ensures safe, trusted and secure digital asset trading for all. Coinbase is focusing on expanding its trading platform throughout Asia. It’s home to some of the most active retail traders in the world, as well as a lot of institutional investors.”.

Bitcoin 185

Bitcoin blockchain cryptocurrency Groups 185

PYMNTS

OCTOBER 19, 2020

The move comes after GPS's recent launches in Europe and South East Asia, including Revolut and Starling Bank , according to the release. Department for International Trade’s Fintech Bridges and the Singaporean Economic Development Board to expand into the Asia Pacific (APAC) region. Last year, GPS partnered with the U.K.

Study 174

Study Innovation Fintech Customer Experience 174

PYMNTS

NOVEMBER 24, 2019

In addition to its new solution, the company signed a partnership with Chinese wholesale online marketplace, Buy-World, which connects Chinese suppliers with 2.3 The partnership will enable Buy-World to transition to a full-service online model, and outsource its global payment management to CurrencyFair.

Community 167

Community Online Payments Management 167

PYMNTS

DECEMBER 28, 2020

The Singapore-based firm was started last year and will harness the infusion to develop its work in Asia in addition to its infrastructure, according to the report. Earlier this year, Jounera, a provider of live travel data, stepped into the world of corporate travel via a tie-up with travel management firm AmTrav.

Management 251

Management Report Data Innovation 251

PYMNTS

NOVEMBER 12, 2018

The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among the largest threats businesses faced this year. According to the World Economic Forum , cyberattacks ranked No. 1 in Europe, East Asia and the Pacific and North America.

Regional 143

Regional America National Groups 143

The Paypers

NOVEMBER 24, 2023

Norway-based card manufacturer IDEX Biometrics has received an initial order for IDEX Pay from a partner in Asia who will deploy biometric metal payment card for its clients world-wide.

Cards 36

Cards Security Payments 36

PYMNTS

NOVEMBER 8, 2016

Southeast Asia certainly has the population Amazon seeks in its international investments: The region is home to over 600 million consumers. Southeast Asia has an existing internet user of approximately 260 million users. Instead, it’s establishing a base in Southeast Asia now and waiting for growth to come to it.

Regional 148

Regional New York City National Google 148

PYMNTS

OCTOBER 24, 2018

Grab, the ride-hailing company out of Southeast Asia, and Mastercard, the payment company, announced on Wednesday (Oct. Customers can add cash to the card to spend at any merchant, online and offline, where Mastercard is accepted around the world. 24) a partnership to issue prepaid cards tailored to the Southeast Asian market.

Cards 126

Cards Regional Mobile Payments 126

PYMNTS

OCTOBER 4, 2019

In the October Digital Identity Tracker™ , PYMNTS explored the latest developments in the world of digital IDs, including the challenges of KBA, new biometric verification methods, and how digital ID initiatives in Africa and Asia are impacting day-to-day life for citizens. Developments From Around The World Of Digital ID.

Online 144

Online Ohio Knowledge Base Regional 144

PYMNTS

APRIL 9, 2020

Gerber noted that in the Asia-Pacific region, Mastercard did not see what he termed “the spike” in chargebacks until “much, much later. The pattern in Asia showed an initial increase in refunds followed by an increase in chargebacks. In fact, the January-February timeframe is when the spikes started coming in.”

Operations 298

Operations Regional Industry Course 298

PYMNTS

DECEMBER 17, 2019

Data: 370M: Number of new mobile users expected in Southeast Asia in the next five years. 5.1B: Number of people in the world who have a smartphone. 341: Average worldwide cost of a smartphone today. 30 percent: Minimum share of consumers who report owning a voice-activated speaker.

Trends 135

Trends Retail Payments Data 135