In depth: The fight for dominance in China’s mobile payment market — Caixin Global — “Under the plan, by the end of 2021 all merchants will be able to use one universal barcode to facilitate transactions through different payment service providers, including banks, Alibaba’s Alipay and Tencent’s WeChat Pay. Currently, payment providers issue different barcodes that can be used only on their own services.”
Singtel’s Via mobile payment alliance debuts in Japan — Singtel — “Singtel’s Via, Asia’s first cross-border mobile payment alliance, has launched in Japan… The alliance which currently counts Singtel’s Dash and AIS Global Pay among its member mobile wallets enables tourists from Singapore and Thailand to shop and dine across Japan using QR code payments in their local currency at competitive exchange rates.
NBC tests new mobile payment app — Khmer Times — “The National Bank of Cambodia yesterday announced that is testing a mobile payment application system known as Bakong… Four financial institutions are so far included — Acleda Bank, Foreign Trade Bank, Wing Specialised Bank and Vattanac Bank… The new system will facilitate money transfers and payments (including across national borders) while enhancing financial inclusion in the country.”
Commercial Bank launches ComBank Q+ — Sri Lanka’s first QR based payment app under LankaQR — Commercial Bank of Ceylon — “The Commercial Bank of Ceylon (CBSL) has launched ComBank Q+ — the first Quick Response (QR) based payment app to be launched under LankaQR… LankaQR is the national QR standard for local currency payments introduced by the CBSL.”
Seven-Eleven mobile pay hack hits Japan’s drive to go cashless — Nikkei Asian Review — “Japan’s second-largest retail group by sales on Monday rolled out 7pay, which lets users make purchases with a smartphone app at Seven-Eleven Japan’s roughly 21,000 stores nationwide… By early Thursday, Seven & i had confirmed about 55 million yen ($510,000) stolen from 900 or so 7pay users. The company has in effect suspended the service by stopping users from adding money to their accounts.”
New chain outlets increase Maybank QRPay merchant base to more than 250,000 — Maybank — “More than 250,000 merchants throughout Malaysia now accept payments using Maybank QRPay, its QR code mobile payment platform, following the recent addition of major chain outlets which include TGV Cinemas, KK Super Mart, 99 Speedmart and Big Pharmacy. This is set to increase further as McDonald’s, Mydin and Starbucks are also piloting this mobile payment option at selected stores within Klang Valley.”
Visa is inviting issuers and processors to explore a new payments platform designed to “turn the transaction on its head” and “unlock an entirely new world of possibility when it comes to accessing, accruing and saving money”... More