Category

e-commerce

OCBC Bank rolls out biometric authentication app in Malaysia

OCBC Bank, Malaysia-based,  has launched a pioneering business banking mobile app (app), which uses biometric authentication. The app, featuring OCBC OneTouch, leverages on Apples Touch ID technology, allowing Malaysian-registered users of the bank’ s Internet portal called [email protected], to conduct transactions using biometrics.   The Business Mobile Banking app enables iPhone users to perform numerous…

Digi enters the fintech world with ewallet app: vcash

DIGI Telecommunications Sdn Bhd on Nov 9 announced their entry into the fintech space with vcash – a mobile payment application that offers Malaysians an easy, more convenient way to pay, send, request and store money in their smartphones.   vcash is a solution offered by Digi in partnership with Valyou Sdn Bhd, an e-money…

Lazada’s Online Revolution 2017 has 90 million products for sale

Another year, another year-end waiting for you from Lazada Malaysia. The Online Revolution 2017 has just been announced, and as with the one held last year, the month-long sale will start on November 11. The theme this year is ‘Shop the Universe’, which suggests the scale of the sale.   On that note, this is usually a 31-day online shopping event, but…

WorldKoins is an app that converts leftover currency into digital eGift cards

A new mobile app called WorldKoins was introduced in collaboration with AirAsia, which fundamentally lets travelers convert their remaining currency to eGift cards and vouchers that can be used to shop online from their smartphones. The service is a six-months pilot program that will end in April 2018 and will be available to all travelers flying onboard selected flights from…

JD.com launches luxury ecommerce platform

JD.com, a China-based retailer, has launched Toplife, a new, full-price luxury ecommerce shopping platform with online shopping platform.    The new ecommerce platform gives high-end brands to enter the Chinese market and reach a wider audience. The launch of a separate shopping online store for luxury items was motivated by the desire to offer consumers…

Instagram partners with BigCommerce, Shopify

Instagram, a Facebook`s application, has partnered with BigCommerce and Shopify to integrate ecommerce capabilities into its platform.   Instagram has been working with both ecommerce platforms over the past year to test out features, and is now moving forward with broader deployments. BigCommerce and Shopify also offer merchants ecommerce integrations with the core Facebook platform.   Shopify powers over…

Alibaba to launch online payment platform AliPay in Canada

Alibaba Group has announced that the online payment platform AliPay will officially launch in Canada through a partnership with Snap Pay.   Due to this announcement, Canadian retailers will start accepting Chinese currency from Chinese shoppers this week. More than 450 Canadian merchants are said to already accept AliPay in an unofficial capacity. Chinese consumers visiting Canada will…

Malaysian bank to finalize e-KYC standards

Bank Negara Malaysia (BNM) has announced that by October 2017, standards for the electronic Know-Your-Customer (e-KYC) are expected to be finalized.   BNM will be issuing proposed regulatory parameters for the conduct of e-KYC processes for remittance transactions. Thus, the existing requirements for face-to-face verifications for onboarding new customers would be removed for companies that received…

Alipay rolls out in 242 Starbucks across Malaysia

Alipay has announced is now available for Mainland Chinese tourists at all 242 Starbucks branches across Malaysia.   Chinese tourists can find a nearest Starbucks through the in-app Discovery platform, and pay for their drinks in RMB via Alipay.   Starting from August 18 to October 31, a Chinese tourist using Alipay in Starbucks can enjoy…

Bitcoin platform Luno expands to new markets across Europe

Luno, a popular Bitcoin platform, has announced its expansion to 35 new markets across Europe.   Moreover, the platform also received USD 9 million in a Series B funding round, led by London-based Balderton Capital. New investors AlphaCode and existing investors Digital Currency Group also participated in the round. This follows Luno’s USD 4 millionSeries…