Tagged: e-wallets

August 18, 2021 @ 7:07 am By Omar Faridi  |  

UnionPay International (UPI) reveals that it has teamed up with the International Bank of Tajikistan in order to introduce the nation’s first contactless digital wallet, notably making UnionPay the very first payment service to provide mobile contactless payment options in the country. The number of… Read More

July 26, 2021 @ 10:54 pm By Omar Faridi  |  

AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More

June 13, 2021 @ 3:35 pm By Omar Faridi  |  

Earlier this week, Merchantrade Asia, a digital money services business operator and e-money issuer, teamed up with palm plantation management services provider LintraMax in order to digitize the payroll system for underserved plantations workers in Malaysia. Through the partnership, Merchantrade Asia and LintraMax plan to… Read More

March 27, 2021 @ 7:30 pm By Omar Faridi  |  

Digital wallet provider Boost recently revealed that it’s now a part of the PayNet Real Time Retail Payment Platform (RPP). Boost confirmed that it will be adopting DuitNow QR (beginning on March 26, 2021). DuitNow QR is the national QR code standard used in Malaysia…. Read More

February 6, 2021 @ 5:23 pm By Omar Faridi  |  

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

January 24, 2021 @ 8:51 pm By Omar Faridi  |  

TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More

November 30, 2020 @ 10:45 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s reserve bank and financial regulator, has revealed that eligible non-bank financial institutions (NFIs) will be able to gain direct access to the banking system’s retail payments infrastructure starting from February of next year. NFIs that are authorized to… Read More

August 22, 2020 @ 8:27 pm By Omar Faridi  |  

Local service providers continue to dominate the digital or e-wallet market in Indonesia, according to a recent report. iPrice Group recently teamed up with App Annie, an app market data and insight firm, to provide the latest developments related to digital wallets in Indonesia (during… Read More

June 11, 2020 @ 11:06 pm By Omar Faridi  |  

Tan Sri Muhyiddin Yassin, the prime minister of Malaysia, has helped with introducing several different economic stimulus plans. The nation’s government aims to help local residents and businesses that may be struggling to cope with the COVID-19 outbreak and resulting socio-economic problems. Malaysia’s recovery plan,… Read More