APAC

Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

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IFC and Thai Credit Partner to Help Small Businesses
IFC and Thai Credit Partner to Help Small Businesses
July 05, 2023  |  Partnerships

International Finance Corporation (IFC) and Thai Credit Retail Bank have partnered to help small businesses in Thailand. As a global development institution that is a member of...

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Ant Group Expands Payments Partnership With Italy’s Tinaba
Ant Group Expands Payments Partnership With Italy’s Tinaba
July 03, 2023  |  Partnerships

Alipay and Tinaba have expanded their partnership to help Italian travelers make payments in Asia. Tinaba, a Milian-based payments company, announced in a press release the latest iteration...

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Visa and SAP Partner on B2B Payments in APAC Region
Visa and SAP Partner on B2B Payments in APAC Region
June 29, 2023  |  Partnerships

Visa and SAP have partnered to digitize and speed up B2B payments in the Asia-Pacific (APAC) region. With this collaboration, Visa payments will be embedded into SAP’s ecosystem of...

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Tencent to Allow Visa Credit Cards to Be Linked to WeChat
Tencent to Allow Visa Credit Cards to Be Linked to WeChat
June 28, 2023  |  Credit Cards

Tencent will allow Visa credit cards to be linked to its WeChat app. When this ability is rolled out next month, foreign tourists visiting China...

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Local Payment Methods Lower APAC Cart Abandonment by 32%
Local Payment Methods Lower APAC Cart Abandonment by 32%
June 21, 2023  |  eCommerce

The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few...

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Gemini Expands in Singapore as It Looks to Asia for Crypto’s ‘Next Wave’
Gemini Expands in Singapore as It Looks to Asia for Crypto’s ‘Next Wave’
June 20, 2023  |  Cryptocurrency

Gemini says the future of cryptocurrency lies in the Asia-Pacific (APAC) region. The crypto exchange announced Monday (June 19) it plans to increase its headcount...

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Walmart CFO: India’s Flipkart and PhonePe Could Be Worth $100 Billion
Walmart CFO: India’s Flipkart and PhonePe Could Be Worth $100 Billion
June 15, 2023  |  Retail

Could Walmart’s Indian eCommerce and payments operations become $100 billion businesses? The retailer’s chief financial officer seems to think so, Reuters reported Wednesday (June 14)....

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One Billion Consumers at Risk of India’s COVID Vaccine Data Breach
One Billion Consumers at Risk of India’s COVID Vaccine Data Breach
June 12, 2023  |  Cybersecurity

India’s Ministry of Health and Family Welfare is investigating what it called baseless reports of a data breach of its COVID vaccine database. The ministry...

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