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Posts Tagged ‘ Payment Gateway ’


Xiaomi has kicked off its footprint in the Chinese mobile payment industry with its NFC-based payments service Mi Pay.

In many respects, the payment system works similarly to Samsung Pay, Android Pay, and Apple Pay. It uses NFC for wireless transmission of payment information via smartphones and aims to eliminate the use of physical cards.

Mi Pay will allow you to store your card details – be it credit, debit, loyalty, gift or membership card details – into your smartphone thus removing the need to carry physical cards. Payments can be done by hovering the NFC-enabled smartphone over a compatible reader at the retail outlet.

Currently, the only Xiaomi smartphone in the market that supports NFC is the Mi 5, however, the company is expected to announce the rollout of Mi 5 soon.

Xiaomi has also announced a host of banks that already support Mi Pay. The list includes China Construction Bank, Bank of Communications, China Merchants Bank, Huaxia Bank, Minsheng Bank, Ping An Bank, and Industrial Bank. More banks such as Bank of China, Industrial and Commercial Bank, China Everbright Bank, Beijing Bank, and Guangdong Development Bank will be added next month.

Xiaomi will compete with Apple Pay and Samsung Pay which are already live in China.

Apple Pay1

Apple Pay has been around for more than a year and Apple is said to be working hard on expanding its mobile payment service.

According to The Wall Street Journal, people familiar with the matter claim that Apple is in talks with several banks in the US to launch a person-to-person mobile payment service next year. It will enable individuals to transfer money between friends and family members with their iOS devices.

Based on current plans, the person-to-person mobile payment service works slightly different from Apple Pay; banks will not be charged for processing person-to-person payments. At the moment, no deals have been signed and discussions are still going on with regards to the technical implementation.

The Wall Street Journal suggests that Apple could tap into an existing system, ‘clearXchange’ which depends on checking accounts to transfer money via an email address or phone number. To make the process seamless for users, Apple could connect it to the Apple ID in the background.

The Wall Street Journal – “The service under consideration would allow consumers to zap payments from their checking accounts to recipients through their Apple devices. The service would likely be linked to the company’s Apple Pay system, which allows customers to make credit-card and debit-card payments with their mobile phones.”

mycybersale-malaysia-online-sale MYCyberSALE online shopping campaign is Malaysia’s answer to the United States’ Cyber Monday, Singapore’s Bigger Better Sale and Thailand’s Online Mega Sale. Spanning over a period of 12 days, the campaign will see local E-commerce merchants like Groupon, offering simultaneous online shopping deals and discounts for the Malaysian consumers. It is an initiative by MDEC, the government agency tasked to spearhead the country’s ICT drive and oversee the development of MSC Malaysia. It is believed that #MyCyberSALE is the FIRST & BIGGEST cyber sale to be launched in Malaysia this year #MYCybrSale is aim for online sellers in Malaysia and the objectives are:

  1. Create the awareness and encourage Malaysians to shop online
  2. To boost E-Shopping cultural in Malaysia
  3. To encourage SMEs to be part of eCommerce eco-system
  4. To increase the domestic eCommerce revenue from the eCommerce spending in Malaysia


MDEC has a target of 100,000 shoppers and RM50 million sales for the campaign period. All participating online retailers, marketplaces and voucher/deal websites must be registered with MDEC, and undergo a strict vetting and approval process.


What you as an eCommerce owner will be benefit from the #MYCyberSALE event is that once your application is approved by the organizer, you will actually get the free advertisement and link back from the #MYCyberSALE advertisement page, create the exposure on the ad media such as YouTube, Google Ad, Line, Media print such as The Star, Kosmo, Xin Chew Daily, Digital ads such as OOHM, Radio Media such as Era, MyFM, and more. The best part is everything come with FREE. To join the Malaysia first and biggest sales event, you need to have the following:

  1. Malaysia registered business under Business Act 1956 or Company Act 1965
  2. Must have a complete eCommerce site
  3. Must processed a recognized payment gateway such as Paypal, MOL Pay, iPay88, or eGHL
  4. Your online store must display clear Terms & conditions, Company Contact & etc
  5. Do not have any unresolved customer complaints


#MyCyberSale Campaign Period 29 September – 10 October, 2014 #MyCyberSale Merchants Below is a list of participating E-commerce merchants: MyCyberSales Participate merchant 2 MyCyberSales Participate merchant 1


  The following is the presentation slide of what’s is the #MYCyberSALE about and also the detail.


The e-commerce division of WorldPay, a global provider of payment and risk services, has processed more than 257 million online transactions in H1 2013.

According to the company, online transactions have reached a record rate of 320 transactions per second. Alternative payment transactions have been a strong driver of growth, with the value of payments processed increasing by 46 percent in H1 2013 compared to the same period in 2012. The business is confident that it can deliver 20 percent growth in 2013, with alternative payments growing the fastest.

In 2013, WorldPay has signed a number of customer deals including:

  • JustGiving, a UK-based online giving platform to provide global payment processing support;
  • Playtox, a provider of mobile browser games in Russia, to provide gateway and acquiring services, with a specific focus on alternative payment acceptance;
  • Secret Escapes, a luxury travel deals experts, to provide global payment processing services and alternative payment acceptance;
  • Skype, the communications software division of Microsoft further expanded its relationship with WorldPay to enable Skype to accept QIWI Wallet Payments to improve local payment offerings in Russia;
  • MetroPlay, the newly launched urban mobile gaming destination, to provide payment processing, depositing and risk capabilities services;
  • Infernum Productions, an international publisher and operator of online games, to handle online payments on a global scale for Infernum’s new game, Dragon’s Prophet;
  • Kobo, a global leader in eReading, implemented RiskGuardian, to protect against fraudulent transactions and resulting chargebacks as the company continues to expand into the US market.

WorldPay has more than 200 national and international payment methods and operates in over 40 countries worldwide.

For more information about WorldPay, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.


Chinese internet company Sina has revealed plans to release an online banking platform in September 2013.


The new service, dubbed WeiBank, will allow consumers to make financial transactions, complete bank transfers, make remittances, manage credit card and perform other money-related tasks online.


Sina has yet to disclose specific details of business model and the degree to which the product is integrated with Sina’s other products. Sina started to explore the internet payment business in 2011. The company launched the online payment tool SinaPay and upgraded the service into WeiboPay (micro-blogging wallet) in 2012. Every Weibo user automatically has a WeiboPay account.


In Q1 2013, Sina has seen its net revenue reaching USD 126 billion, up by 20 percent y-o-y. During the same period, its advertising revenue has jumped 20 percent to USD 94.3 million and non-advertising revenue has increased by 14 percent to USD 31.7 million.


PayPal has revealed plans to enter a partnership with US-based direct banking and payment services company Discover Financial Services.


Under the terms of the deal, by the end of 2013, PayPal will be accepted as a payment option in 2 million US retail stores that already accept Discover credit cards.


Shoppers will have access to funds they have directly in their PayPal accounts, whether from their own bank accounts or money from other people along with any credit or debit cards. Consumers can also link gift cards and coupons to the wallets and set up rules for which accounts they want to draw from depending on the size of a transaction or where you spent the money.


PayPal users will be able to pay at merchants on the Discover Network by swiping their new cards through existing checkout machines and entering a four-digit PIN. The newly launched cards will have a Discover Issuer Identification Number, or IIN, a code that identifies the card holder. Discover has already set up the IINs for the PayPal cards on its network.


PayPal has recently expanded its business operations beyond the online space by introducing in-store payments. In 2012, the company has partnered more than 15 retailers, including Home Depot and Office Depot. Both companies have also revealed plans to expand their agreement outside the US in the future, in case the agreement goes well.

WorldPay acquires YESpay

By on March 8, 2013


Global provider of payment and risk services WorldPay has acquired global card payments company YESpay.


By leveraging YESpay’s technology, WorldPay will be able to offer its UK clients a payment service, including merchant acquiring, card processing and payment terminals integrated with point of sale systems. The combined service will allow WorldPay and YESpay customers to exploit the needs of omni-channel shoppers with a single payment service operating in-store, online and on mobile. In addition, WorldPay will acquire YESpay’s businesses and assets including payment platforms and technologies, its 150 employees, based in the UK, Canada and India and over 3,000 customer relationships.


Financial terms of the agreement have not been disclosed.


YESpay provides secure internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS, the YESpay Managed Payment Service, merchants can accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems. WorldPay has 75 national and international payment methods and operates in over 40 countries worldwide.


Throughout the past year or so, PayPal has been working to make its in-store payment platform more robust by bringing in a number of new retail partners, including Home Depot, Guitar Center, Barnes & Noble, and JC Penney. However, today the company has revealed that PayPal users can now pay for items in over 18,000 physical stores throughout the US.


PayPal announced today that 23 large national retailers have begun participating in PayPal Now, and the service is now available at 18,000 retail locations around the United States. PayPal Now officially launched back in May of 2012 to extend PayPal’s payment platform into physical stores. Shoppers simply enter their phone number and a pin code during checkout instead of swiping their credit or debit card.


The service is definitely useful for people who forget their wallets, or for those who just prefer to keep all of their transaction under one roof. There are also opportunities to earn digital coupons and loyalty points by choosing this method of payment, so there’s definitely an incentive to use the new platform other than convenience.


Square is obviously PayPal’s biggest competitor, with its own plans in the retail realm that includes a major partnership with Starbucks. It’ll be interesting to see where the mobile payment industry goes from here. Google Wallet is making the rounds, and while it’s not yet a well-known avenue for payments, it just could be a matter of time before we see it take off.

Use Google Wallet to accept payments for digital goods and services — with easy integration and attractive pricing. Customers never leave your website when they pay with Google Wallet.

Click here for more information about Google Wallet for digital goods

15 May 2012 – iPay88, Malaysia’s award winning payment gateway system, is announcing that its customers are able use their American Express (AMEX) credit cards with iPay88’s payment solutions.

iPay88 is Malaysia’s first payment gateway that accepts American Express credit cards.

This brings American Express into iPay88’s umbrella, along with credit card such as Visa and Mastercard SecureCode, expanding our solutions for payment.

American Express users will be protected by iPay88’s fraud prevention system, which meets the PCI Data Security Standard Compliance.

For more detail about the Payment Gateway, visit iPay88 official web site