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June 18, 2024

On the web

May 1, 2024

On the wires

August 11, 2023

On the wires

August 1, 2023

On the web

Southeast Asia Moves Closer to Economic Unity with New Regional Payments System


"A new regional cross-border payment system recently implemented by Southeast Asian nations could deepen financial integration among participants, bringing the ASEAN bloc closer to its goal of economic cohesion. The program, which allows residents to pay for goods and services in local currencies using a QR code, is now active in Indonesia, Malaysia, Thailand and Singapore. The Philippines is expected to join soon."

June 1, 2023

On the wires

Mesh Payments Expands Across Europe, UK, and Asia to Support Global Enterprises with Unified Spend Management in Local Currencies

PR Newswire

"Today Mesh Payments announced expansion of its unified spend management platform to support global multinational businesses operating in Europe, UK, and Asia in local currencies. Mesh now enables companies to operate globally across international entities, issue local cards and settle in local currencies all from one unified platform."

July 28, 2022

On the web

QR Codes Gaining Strength in Southeast Asia

ETF Database

“The concept of QR codes that was trailblazed in China is gaining popularity in Southeast Asia. Central banks in the region are looking to link their payment systems that will allow customers to buy goods and services by scanning QR codes within the year. Bloomberg reported that five of the region’s biggest economies are set to sign a deal to integrate their networks by November, said Bank Indonesia Governor Perry Warjiyo in a panel on the sidelines of the Group of 20 finance ministers and central bank governors meeting in Bali. At the same panel in Bali, Monetary Authority of Singapore managing director Ravi Menon said this trend “can be a deeply impactful move that we can build to the rest of the world,” before adding: “It’s a public good infrastructure which improves financial inclusion, enhances efficiency and creates new business opportunities for all citizens.””

April 22, 2022

On the wires

Primer Partners With Hoolah to Bring ‘Buy Now Pay Later’ Solution to Fuel Merchants’ Growth Across Asia


“hoolah, Asia’s leading omnichannel ‘Buy Now Pay Later’ (BNPL) platform, today announces its partnership with Primer, the world’s first no-code automation platform for payments and commerce, allowing merchants in Singapore, Malaysia, and Hong Kong to integrate hoolah’s BNPL solution, while providing consumers payment flexibility and an optimised, seamless shopping experience. An unprecedented innovation in the payment industry, Primer allows merchants to truly consolidate their payment stack, and add any API or tool from across the web to build dynamic, end-to-end payment flows. Since launching in 2020, Primer is fully distributed globally, serving merchants across APAC, Europe and the U.S., with over 70 payment and commerce services and dozens more in the pipeline. With this partnership, merchants will be able to seamlessly enable hoolah’s BNPL solution in minutes through Primer’s unified checkout and payment integration—with clicks, not code.”

August 11, 2020

On the wires

July 22, 2019

On the wires

Splitit and GHL Partner to Offer Installment Payments to 2,000 Merchants in the ASEAN Region


Splitit Payments Ltd, a leading global monthly installment payments solution business, today announced a three-year partnership agreement with GHL ePayments Sdn Bhd, part of leading payment service provider GHL Systems Berhad (“GHL”), to offer Splitit’s installment solution to more than 2,000 online merchants in Malaysia, Thailand, Indonesia and the Philippines (the “Agreement”). GHL is one of the top merchant acquirers in the ASEAN region, processing over AUD $350 million in total online and offline transaction value per month via its network of large and small merchants across multiple industries, with a particular strength in the travel sector.”

January 15, 2019

On the web

October 24, 2018

On the wires

EMQ and FOMO Pay Partner to Bolster the Digital Payment Revolution across “One Belt One Road” Economic Corridors

“EMQ, a leading financial settlement network in Asia, and FOMO Pay, the award winning QR code payment solution provider in Singapore, has announced a partnership to support the growing demand for real-time international settlements from Singapore to China, with the ability to expand across other countries in Asia. The partnership will also help facilitate and support the government’s 2020 Smart Nation Initiative to accelerate Singapore’s shift to a digital economy.”

October 2, 2018

On the web

The QR Code Resurgence: How Street Vendors in Asia Lead the Digital Payment Revolution

FIS payments blog

“Although Asian markets had much higher usage rates of cash than Europe and the United States, where debit and credit cards are more common, the move to mobile payments has been much faster in the East. This is partly due to more legacy infrastructure in the West, as well as old payment mechanisms, such as checks, which haven’t been retired even as new options moved to the front.”

September 18, 2018

On the web

March 21, 2018

On the web

AirAsia is entering the digital payments race

Tech in Asia

“BigPay offers a mobile wallet which can store up to 10 credit and debit cards, and has partnered with MasterCard to offer its own top-up cash card that can be used for payments and withdrawals worldwide. Users can view transactions in real-time on the app to keep track of their daily spending. Fernandes said the driving factor behind AirAsia’s move into fintech was a realization that it could monetize the wealth of “high resolution data” it has collected from around 63 million passengers over its 16 years of operation.”

March 1, 2018

On the web

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