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It has the advantage that multiple bills can be settled at a convenient time. NewsOvo, Grab’s mobile wallet in Indonesia, introduces ‘pay later’ feature1 min read
The Hong Kong Monetary Authority has so far issued 8 virtual banking licenses. Ant Financial, Tencent, Xiaomi, and Ping An each have one. NewsCompanies backed by Chinese tech giants are granted virtual banking licenses in Hong Kong1 min read
The platform hopes that one-fifth of the country’s population will be on board within two years. NewsAlipay’s mutual aid platform Xiang Hu Bao now covers senior citizens in China1 min read
Alami is the third Sharia-compliant fintech platform registered with the financial services authority NewsIslamic finance startup Alami secured funding from Singapore’s Tryb Group2 mins read
Earlier this year, the payment platform was in a row with Huobi, a cryptocurrency exchange that exited China in 2017. NewsCryptocurrencies have been banned in WeChat Pay’s new service contract1 min read