APAC

China OKs Ant Group Consumer Finance Expansion

China OKs Ant Group Consumer Finance Expansion
China OKs Ant Group Consumer Finance Expansion
January 04, 2023  |  Cross-border Payments

Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an...

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Singapore’s ChiChaPay Debuts Digital Crypto Wallet
Singapore’s ChiChaPay Debuts Digital Crypto Wallet
January 03, 2023  |  Cryptocurrency

Singapore’s ChiChaPay launched Tuesday (Jan. 3) a digital wallet that processes both fiat and cryptocurrencies. “ChiChaPay will offer a host of financial options for users...

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Crypto Exchange Binance Aiming to Buy South Korea’s Gopax
Crypto Exchange Binance Aiming to Buy South Korea’s Gopax
January 02, 2023  |  Cryptocurrency

Crypto exchange Binance has almost completed its acquisition of South Korean exchange Gopax.  Binance has completed due diligence, is now in the final steps of...

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China’s UnionPay Issues More Than 200M Digital Cards
China’s UnionPay Issues More Than 200M Digital Cards
December 30, 2022  |  Digital Payments

UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30),...

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Smartpay Uses Open Banking to Streamline BNPL in Japan
Smartpay Uses Open Banking to Streamline BNPL in Japan
December 27, 2022  |  BNPL

Smartpay is using open banking to streamline online installment purchases for customers in Japan. The new Smartpay Bank Direct enables customers to pay for online...

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Korean FinTech and Investment App Toss Raises $405M
Korean FinTech and Investment App Toss Raises $405M
December 21, 2022  |  Investments

South Korean investment app Toss has raised $405 million in a Series G funding round. The round lifts the company’s valuation to a reported 9.1...

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Localized Payments Slam Brakes on APAC Cart Abandonment Rates
Localized Payments Slam Brakes on APAC Cart Abandonment Rates
December 19, 2022  |  Payment Methods

Merchants expanding into the APAC region are discovering the power of local payment methods. In the latest report examining this, “The Emerging APAC Opportunity: Local...

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JPMorgan Expands APAC Digital Payments With Investment
JPMorgan Expands APAC Digital Payments With Investment
December 19, 2022  |  Investments

J.P. Morgan is growing its digital payments ventures in Asia with its In-Solutions Global investment. The partnership announcement comes as the first major investment into...

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