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  • AlipayHK Expands With Cross-Border Payments To Japan And Greater Bay Area

    AlipayHK Expands With Cross-Border Payments To Japan And Greater Bay Area


    2019-02-27 [ Industry News ]


    AlipayHK users will soon be able to use the service in parts of Japan and Southern China, the company said on Tuesday (Feb. 26).The service will be available next month in the Chinese cities of Shenzhen and Guangzhou, where AlipayHK customers can use their app in any places that accept Alipay, including theme parks, hotels and retail stores.In the Japanese city of Fukuoka, AlipayHK users can shop at the popular department-store chain Daimaru Tenjin. Alipay will expand the service to other tourist-friendly locations in Japan in the near future.The company said this is the first time t......

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  • Ecocash and cashbackAPP to Launch Ecocash Rewards

    Ecocash and cashbackAPP to Launch Ecocash Rewards


    2019-02-27 [ Industry News ]


    Ecocash, the mobile payments giant and subsidiary of Cassava FinTech, has announced its partnership with cashbackAPP, the international loyalty and advertising business. This deal is set to disrupt the market in Zimbabwe and significantly enhance the value proposition to Ecocash merchants and customers in the form of Ecocash Rewards, a highly innovative programme which will incentivise Ecocash payments and financial inclusion.cashbackAPP Africa CEO, Mr. Kim Hodgson explained that “when we decided to enter into Africa and subsequently the Zimbabwean market, we identified Ecocash as an ideal str......

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  • Mastercard In Renewed China Push

    Mastercard In Renewed China Push


    2019-02-23 [ Industry News ]


    Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a credit card license in that country.The Wall Street Journal reported on Friday (Feb. 22) that the company plans to team with NetsUnion, which operates as a clearing house for online payments and counts the People’s Bank of China (PBoC) among its stakeholders. The newswire quoted unnamed people familiar with the matter, who stated that Mastercard will refile its application to enter China with the PBoC.The news comes in the wake of Ma......

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  • Shakeout For India’s Food Delivery Arena?

    Shakeout For India’s Food Delivery Arena?


    2019-02-23 [ Industry News ]


    In India, food delivery done via app is perhaps leading to a shakeout in a build vs. buy debate that near term may settle on “buy.”First thing first, and that’s the size of the pie. The overall food delivery market may be worth as much as $5.7 billion by 2022, and tied to compounded annual growth rates of nearly 17 percent, according to research offered through sites such as Statista.And where a nascent market grows, there is competition, of course, and also consolidation. The news came this week that Uber is looking to sell Uber Eats in India, and the deal may shake things up a bit.......

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  • Mexico Turns To Mobile Payments To Improve Poverty, Draw The Unbanked

    Mexico Turns To Mobile Payments To Improve Poverty, Draw The Unbanked


    2019-02-21 [ Industry News ]


    We’ve seen mobile payments systems do a lot in the last couple of years. We’ve seen them improve record keeping, improve loyalty programs, even in some cases take a day from disaster to fairly normal. The Mexican government, under recently-minted president Andres Manuel Lopez Obrador, has an even more ambitious use for mobile payments systems, one that only might pan out: to improve poverty rates in the country.Obrador’s administration has an eye to taking mobile payments and using them as a means to address the substantial numbers of unbanked individuals—those who have no bank account of any ......

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