A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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May 1, 2024
On the wires
Quicklly and Visa Join Forces to Deliver Next-Gen Cross-Border Payment Solutions
Newswire
August 11, 2023
On the wires
Ant Group Expands Cross-Border Digital Payment Services in Asian Games Support Initiative
Businesswire
August 1, 2023
On the web
Southeast Asia Moves Closer to Economic Unity with New Regional Payments System
CNBC
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
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
Prnewswire
“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
ECOMMPAY launches Gate2Asia payment solution for business expanding to Asia
“Gate2Asia unifies local payment options into one easy-to-use platform for online businesses entering the Asian markets. The payment solution combines the e-commerce markets of China, Australia, New Zealand, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. A total of over 2 billion people with a potential e-commerce market spend of over $1.3 trillion”
July 22, 2019
On the wires
Splitit and GHL Partner to Offer Installment Payments to 2,000 Merchants in the ASEAN Region
prnewswire
“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
American Express acquires Japan’s Pocket Concierge
Tech in Asia
“Japanese restaurant-booking app Pocket Concierge has been acquired by US card issuer American Express for an undisclosed sum. In addition to handling online reservations for high-end restaurants, the app also provides users with in-depth information on things like restaurant decor or whether establishments are child-friendly.”
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
Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
TechCrunch
“Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant Goldman Sachs to fuel the growth.”
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
Mastercard to use Messenger to help SMEs leverage digital payments in Africa, Asia
Bizcommunity
“Mastercard will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments. Access to digital payments will help these businesses expand to new markets, and unlock financial services and products that enable them to grow their livelihoods.”
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