Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin. Formed in the 1990s, the credit information system has information from 840M people (although only 340M contain more than IDs) coming from...
GoSimpel is an Indian m-payment app set to launch soon, which lets the users make payments through payment cards, instead of cash, to the food ordered on delivery; without the need of any separate device or gadget. GoSimpel’s target customers are ecommerce companies, local restaurants/shops...
Chang Chew Soon, founder and CEO of Malaysia-based mobile card payment solution Soft Space, whose core product is an m-POS, explained the success of his company in South East Asia. He says that although smartphone penetration in some countries is not high, absolute numbers of...
Ping An Group, one of the largest insurance players in China, invested USD 5 M in USD-30m-fourth-round financing of Payoneer, an online payments firm that facilitates cross-border payments. The funds will be used to promote the brand and leverage Ping An local know how in...
GMO Global Payment Fund invested an undisclosed amount in 2C2P, a Thailand-based payment processing company in which it had already invested USD 500k in 2013. The company was valued at USD 16M before the new round of investment. 2C2P has offices in Cambodia, Hong Kong,...
Singapore consumers looking to end the never-ending cycle of entering billing and shipping information that comes part-in-parcel with online shopping now have a new tool in the box to make shopping easier. MasterCard has launched its MasterPass program, which will allow Singapore’s shoppers to store...
Alipay is planning to launch an app to help patients of hospitals with everything from appointments to payments. The app would allow medical professionals to communicate with their patients and even rate doctors. The Guangzhou Women and Children’s Medical Center has started a pilot program...
Japanese Business Lost $2 M In April 2014 Hack Attacks Japanese banks faced 50 cases of theft from the online accounts of Japanese business in April 2014, with hackers making off with 200 million yen ($2 million). The amount is more than what went missing...
Coupang, a 4-year-old South Korean eCommerce firm, reportedly has secured a Sequoia-led $100 million funding round, pushing its valuation above $1 billion. Company chief Bom Kim plans to investfurther in the company’s mobile services, according to the funding announcement. “Coupang is the leading online retailer in...