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China’s e-CNY wallets – mass downloads but few transactions
Two weeks after China’s digital yuan launch, e-CNY wallets have seen mass adoption, yet its actual use in transactions has been low. Read more…
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These are the big trends driving SEA e-commerce in 2019
The e-commerce market of Southeast Asia is substantial, and still developing at a rapid pace. The number of internet users in the region hit 370 million in January this year, and the online economy is Read more…
Off the Wire
Singtel launches cross-border platform for cellco mobile wallets
Singtel Group has announced plans to interconnect mobile wallets across different ecosystems through an interoperable platform for its regional operations, starting with Singtel and Thai cellco AIS. The new platform will enable visitors travelling between Read more…
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Uber lands first e-wallet deal in SEA via Vietnam’s MoMo
HANOI (Reuters) – US ride-hailing company Uber Technologies on Wednesday signed a strategic deal with Vietnamese financial technology firm MoMo to let passengers pay for rides using MoMo’s e-wallet, the pair said in a statement Read more…
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APAC e-commerce market booms thanks to digital wallets: survey
Asia Pacific’s e-commerce market is outperforming Europe and North America as regional consumers embrace mobile apps, smartphones and digital wallets, according to new findings from GlobalData’s, Consumer Payments Insight Survey. GlobalData estimates the Asia Pacific Read more…
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Paytm E-Commerce gets $200m injection from Alibaba and SAIF
MUMBAI (Reuters) – Paytm E-Commerce has raised $200 million from China’s Alibaba Group and venture capital fund SAIF Partners to expand its online retail business in a market dominated by homegrown Flipkart and US tech Read more…