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China's payment duopoly may struggle to survive

ALIPAY and WeChat Pay’s dominance of China’s retail payments was scripted over the past decade on the back of the humble quick recognition code. ....

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Digital yuan goes head to head with Alipay, WeChat in Beijing

Digital yuan goes head to head with Alipay, WeChat in Beijing
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Report: South-East Asia is world's fastest-growing mobile wallet market

A customer uses an e-wallet app to order food in a cashless transaction at a food stall in Singapore. The number of mobile wallets in use will grow 311% from 2020 to almost 440 million by 2025 across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, reflecting an e-commerce boom, according to a global study on the industry. Bloomberg
South-East Asia is the world’s fastest-growing region for mobile wallets, followed by Latin America and Africa & Middle East, research from London-based fintech company Boku Inc shows.
The number of mobile wallets in use will grow 311% from 2020 to almost 440 million by 2025 across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, reflecting an e-commerce boom, according to a global study on the industry, which was published on Thursday in partnership with Juniper Research Ltd. The usage in Latin America is set to expand 166% during the same period, while that in Africa and Middle East will grow 14 ....

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Crunchtime for cash at Singapore's famed hawker food stalls

Crunchtime for cash at Singapore's famed hawker food stalls
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Short video app Douyin eyes growth via mobile payments-Eastday

From:ChinaDaily | 2021-01-21 09:17
Popular short video app Douyin has entered China s massive digital payment market with its mobile payment services, looking to tap into the sector which has among others Alibaba Group Holding Ltd s Alipay and Tencent Holdings Ltd s WeChat Pay.
While making a purchase via Douyin, customers can choose to pay via Douyin Pay , in addition to Alipay and WeChat Pay, the more conventional online payment options offered by third-party payment firms.
The setup of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin , said ByteDance, the company behind Douyin, told China Daily on Wednesday. It said the new function was launched only recently but had gone through several batches of test runs. ....

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