digital payments

Wirecard raises long-term growth targets; analysts unconvinced

[BERLIN] German payments group Wirecard raised its long-term outlook on Tuesday, but the company's shares fell as analysts questioned the ability of any tech company to give a precise forecast for...

Digital payments at forefront of S-E Asia's booming Internet economy

THE digital payments market in South-east Asia has hit an inflexion point, and growth in this segment is likely to propel the region's Internet economy in the region to a US$300 billion market by...

DBS partners taxman to digitalise stamp duty collection in Singapore

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying...

Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power...

Digital vs cheque payments: SMEs want it both ways

CONSUMERS are largely on board the digital payments train but businesses, particularly business-centric small and medium enterprises (SMEs), seem to need a bigger push to go entirely cashless or...

Singtel expands its VIA mobile payment alliance to Japan

SINGTEL on Thursday debuted its cross-border mobile payment alliance, VIA, in Japan through the StarPay platform by Japanese tech firm Netstars.

Visa aims to halve its global fraud rate by 2025

PAYMENTS giant Visa plans to halve its global fraud rate by 2025, having been using artificial intelligence to prevent an estimated US$25 billion in fraud annually.

Cross-border QR payments between Singapore, Hong Kong possible with Liquid Group, JETCO partnership

LIQUID Group and Joint Electronic Teller Services (JETCO) are collaborating to enable cross-border QR payment acceptance in Singapore and Hong Kong, they said in a joint press statement on...

Citi to roll out consumer e-payments business in Asia and other markets by Q1 2020

CITI is aiming to launch its digital consumer payments business in Asia and elsewhere by the first quarter of 2020, so it can ride the wave of the region's growing flows and digital ecosystems,...

Integrating payment solutions towards a cashless society

DRIVEN by increased smartphone penetration and a rise in digital payments adoption, Asia is widely accepted to be leading in mobile payments globally. A study by Kantar TNS found that over half of...