“Digital payments company, MOVii announced that it has crossed 1.5 million customer milestone on its digital wallet platform in May 2021. MOVii is ranked fifth amongst all financial institutions in Colombia in terms of transaction volume and has reached this milestone faster than any other financial institution in the country. MOVii is Colombia’s first 100% digital money platform, where everything from customer registration to payments happens using the mobile application. MOVii’s vision is to revolutionize financial inclusion by making it easier for everyone to pay and use their money digitally without paperwork.”

“GrabPay, the online payments offering of Singapore’s Grab, and payments major Stripe has formed a partnership to enable regional businesses to offer GrabPay Wallet as a payment method through Stripe. Starting in Singapore and Malaysia, the partnership would also allow merchants to connect to Grab’s millions of users in Southeast Asia through GrabPay and improve retention by providing access to GrabRewards. The option will also support payments in both Singaporean dollars and Malaysian ringgit, according to a statement. Grab said that online classified marketplace Carousell has seen an almost 20% increase in transactions since October 2020 after adding support for GrabPay via Stripe in Malaysia.”

“In other words, WalletsClub is going after the hundreds of e-wallets around the world rather than individual end-users. Its vision is to let people pay with any mobile wallet anywhere as long as the sender’s service provider or financial institution and the receiver’s equivalent services are members of WalletsClub, similar to how Visa and Mastercard process credit cards issued by different banks that are in their networks. The company plans to monetize by charging a flat fee per transaction. By adding interoperability to electronic wallets, even small, regional players can thrive because they gain compatibility wherever a clearing system is in place.”

“Citcon USA LLC is looking to connect U.S. e-commerce merchants with an array of digital wallets used by consumers in Latin America and Southeast Asia. The San Jose, Calif.-based company said late Thursday a single integration will enable transactions on more than 100 wallets used by consumers from a diverse array of nations, including Mexico, Brazil, Chile, Argentina, Uruguay, Colombia, Malaysia, Philippines, Indonesia, and South Korea.”

“JPMorgan Chase & Co. is pulling the plug on its Chase Pay digital wallet about a year after discontinuing the standalone app. The option to transact using Chase Pay will be removed from all merchant websites and apps by the end of the month, according to a notice posted on JPMorgan’s website. The bank decided to decommission the product after acceptance by merchants didn’t pick up as quickly as expected. PayPal Holdings Inc. ’s service has continued to be the preferred option for online retailers looking to give customers a convenient way to pay for goods.”