Category

e-commerce

Poorest regions of China see faster eCommerce adoption

Ecommerce market in China is growing faster in western and central provinces than in the richer coastal regions, according to a recent report from Alibaba Group. The biggest rises in online retail sales during the first 11 months of 2017 were posted by Gansu province, Guizhou province and Tibet autonomous region, some of the poorest regions…

Google merges payment platforms under Google Pay

Google is revamping its mobile payment offerings and creating a new brand called Google Pay. The new product merges Google’s existing mobile payment platforms. That includes Android Pay, which lets customers pay for things online and in stores with their Android phones, and Google Wallet, which lets you send money to your friends. The new…

Amazon opens Prime service to Singapore

Amazon.com has launched Prime service in Singapore to offer customers access to fast shipping, streaming and gaming. In July 2017, the ecommerce tech company launched a free two-hour delivery service in Singapore, the first entry in open competition with Alibaba Group. In a fragmented region of 600 million people like Southeast Asia, some customers were underwhelmed…

Grab And Transfer to Partner Up To Deliver Real-Time Digital Payments Across South-East Asia

TransferTo, a global Cross-Border Mobile Payments Network, has been chosen by Grab, the mobile ride-hailing and payments platform in South-East Asia, to enable real-time earnings payouts for Grab drivers using their GrabPay account, across Grab’s operating markets. For the first time, and as a result of this strategic partnership, Grab drivers can instantly collect their daily earnings with their…

E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie

Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who is also making a foray into the payments market. GrabPay will be rolled out in…

Crypto-mining marketplace gets breached, Bitcoin funds stolen

NiceHash, a crypto-mining marketplace, has published a statement on social media announcing that hackers breached its site and stole all the Bitcoin from its main wallet. The incident appears to have taken place on December, 5, according to BeepingComputer, and many users complained about losing Bitcoin from their NiceHash wallets. At press time, the company’s…

Tokyo Financial Exchange to launch Bitcoin futures

Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around Bitcoin cryptocurrency, according to Bloomberg News. Cited by CoinDesk, this would constitute a first step toward pushing for a change in Japanese national law that would clear the runway for a Bitcoin future. The disclosure…

Send and receive PayPal money with Facebook Messenger

Facebook Messenger is more than just an instant messaging app now; it has transformed into a peer-to-peer  (P2P) payment channel, thanks to the partnership between Facebook and PayPal. Available in the U.S. from October 20, people can send and request money using their PayPal account without leaving the Messenger app. To make a payment, people…

Bitcoin Bubble Burst lets you know in advance if the bitcoin bubble is bursting

From its initial worth of only about USD$0.08 (RM0.33) a unit, the price of bitcoin has risen to an all-time high of over US$10,000. With this rise, more and more people, believers and skeptics alike, are preparing for the inevitable burst of the Bitcoin bubble. If you’ve sworn allegiance to the former camp, then you…

Apple Pay Cash launches to iPhone users in US

Apple Pay Cash has started to be rolled out in the US, allowing iOS users to send payments directly through iMessage. The solution was announced in June 2017, the company adding ahead of iOS’s launch that the feature would be available this fall with an update to iOS 11 and watchOS 4. The new feature allows…